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The two companies both shared store closure announcements this week, with JCPenney expected to close a "handful" by mid-2025 and Joann to shutter roughly 500 locations. The retailers join other ...
Many Circuit City stores were out-of-date and in bad locations, unable to compete with newer Best Buy stores. In 2000, Circuit City moved away from the Superstore showroom format and introduced a new more self-service "Big Box" format called "Horizon." The new format eliminated the red tower entrances and moved the entrance to the center of the ...
This article originally appeared on USA TODAY: JCPenney is closing 8 locations by mid-2025. See the list. Show comments. Advertisement. Advertisement. In Other News. Entertainment. Entertainment.
Circuit City – filed for bankruptcy in 2008 and liquidated on March 8, 2009; [83] [84] [85] reopened online through Tiger Direct in April 2009; closed again in late December 2012; intellectual property was sold again to Circuit City Corp. in January 2016, which plans to open an online operation and retail stores; CompuAdd – bankrupted in ...
Macy's plans to close 66 stores in 2025 and 150 locations in total by 2026. ... Macy's department stores across the United States have been closing as part of a wider plan ... Traverse City: 3400 ...
Near the end of the fiscal year, Macy's increased the closure amount from 50 to 65 stores after a weak quarterly sales report. [201] Marsh Supermarkets announced on May 11, 2017, that it was filing for Chapter 11 bankruptcy protection and that if it did not find a seller in 60 days, it would close its remaining 44 locations.
A "handful" of JCPenney locations are soon to be closing, a company spokesperson said, adding to the retailer's long list of shuttered stores since it filed for bankruptcy in 2020.
The closing locations were chosen based upon their overall performance, profitability, and proximity to competitors such as Best Buy, Fry's Electronics, Micro Center, and Circuit City. This first round of closings reduced the number of stores to less than half of its previous number.