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JCPenney. Penney OpCo LLC, doing business as JCPenney and often abbreviated JCP, is an American and Canadian department store chain that operates 656 stores across 49 U.S. states and Puerto Rico. Its Canadian market opened in June of 1994. [3][4] Departments inside JCPenney stores include Men's, Women's, Boys', Girls', Baby, Bedding, Home, Fine ...
JCPenney will close 15 additional stores in spring after closing 150-plus stores since filing for bankruptcy. The stores will shutter in March 2021.
More store closings have been announced for JCPenney, including a Mississippi and Texas store. The department store chain has closed 174 stores.
JCPenney announced in February 2017 that it would close 138 stores in 2017. Liquidation sales began on May 22, and the stores closed by July 31. [ 160 ] Another 8 stores and a distribution center closed in 2018 while over 50 additional stores were expected to close between mid-2019 and late 2020.
On January 15, 2014, it was announced that the JCPenney store would be closing as part of a plan to close 33 locations nationwide. [28] With the closure of JCPenney, PREIT announced plans to reposition the Exton Square Mall. As part of the redevelopment, PREIT would take over the Kmart outparcel in 2016. [27]
Retail apocalypse refers to the closing of numerous brick-and-mortar retail stores, especially those of large chains, beginning around 2010 [2][3] and accelerating due to the mandatory closures during the COVID-19 pandemic. In 2017 alone, more than 12,000 physical stores closed. The reasons included debt and bankruptcy in the face of rising ...
JCPenney announced in February plans to close two distribution facilities and 138 department stores this year to redirect resources in higher-performing locations and initiatives.