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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.
Encore Books – permanently closed in 1999; Family Christian Stores – filed for bankruptcy in April 2015, forced to liquidate all stores in 2017; Harmony House – Michigan; Hastings Entertainment – filed for bankruptcy in June 2016. Remaining stores closed October 31, 2016 [132] Hollywood Video – ceased operations in May 2010 [133]
Liquidation sales began on May 22, and the stores closed by July 31. [168] 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. [169] [170] JCPenney filed for bankruptcy on May 15, 2020, and announced plans to close at least 242 stores. [171]
All of its 300 stores have closed. Andrea S./Yelp ... endured several rounds of closures and had fewer than 100 stores still open, ... of 2011, all Filene's Basement stores were closed permanently.
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These changes have contributed to some areas or suburbs having insufficient traditional department stores to fill all the existing larger-lease-area anchor spaces. A few large national chains have replaced many local and regional chains, and some national chains are defunct. The City View Center is a dead plaza in Garfield Heights, Ohio.
Bob’s Stores, a discount store ... July 3, 2024 at 4:50 AM ... The retailer recently filed for Chapter 11 bankruptcy protection, and as a result, will soon permanently close all 21 of its ...