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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.
JCPenney is preparing to close multiple stores in eight different states.. The company confirmed that stores will be shutting their doors this year in a statement shared with The Independent on ...
The eight stores will close by mid-2025, a JCPenney spokesperson told USA TODAY. Why are the JCPenney stores closing? While specifics were not provided, the JCPenney spokesperson said individual ...
On June 4, 2020, JCPenney announced that it would be closing as part of a plan to close 154 stores nationwide. [10] After JCPenney closed in October 2020, Belk became the only remaining anchor store. In early 2022, an Athens construction syndicate proposed a mixed-use development for the site of the mall, which would include more than 1,000 ...
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 ...
The store closed in July 2018. [3] The mall was purchased by Namdar Realty Group on December 20, 2018. [4] On January 9, 2025, it was announced that both Macy's stores would be closing as part of a plan to close 66 stores nationwide. The stores will close in March 2025, leaving JCPenney as the only anchor left. [5]
It remained open through the initial closing date, but on June 17 it was included in an updated list of 136 stores closing. [31] The JCPenney store officially closed in July 2020. On March 16, 2021, Industrial Commercial Properties purchased the Chapel Hill property [32] for $7 million, of which $844,085.24 went to the County to pay off ...
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 ...