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JCPenney is preparing to close multiple stores in eight different states. ... Coresight Research expects store closures to go up to approximately 15,000 in 2025. In 2024, US store closures totaled ...
Why Is JCPenney Closing More Stores? JCPenney filed for bankruptcy back in 2020. Since then, about 240 of its stores have closed. Right now, there’s about 650 locations left in the U.S.
On June 29, 2023, it was announced Christmas Tree Shops would be shuttering after finding itself unable to satisfy their long-term established debt due to ongoing supply chain shortages. The store closed that August, which left JCPenney as the only anchor left. [13] On February 9, 2024, it was announced that JCPenney would close in late spring.
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 ...
On February 27, 2024, Macy's announced that it would be shuttering 150 locations by 2026, roughly 30% of its total store amount, to focus on small-format stores and an expansion of both Bloomingdale's and Bluemercury. 50 locations were initially set to close in 2024 alone, and the iconic flagship location in San Francisco's Union Square was ...
On June 6, 2024, it was announced the JCPenney would be closing in fall 2024, which will leave At Home as the only anchor left. [11] On July 25, 2024, it was announced that At Home would be closing later in the year, which will leave the mall with no anchors, making it a dead mall. [12]
JCPenney closing 'handful' of stores: ... after initially filing and then going private in March 2024. See the full list of closures by state here or use the map below: ...
JCPenney still occupied the site in August, prompting Butterfli Holdings to announce its intent to sue JCPenney for refusal to vacate the property. In January 2024, JCPenney announced it would close at the Shenango Valley Mall in May. [52] [53] JCPenney closed on May 5, 2024. [54]