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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.
The company plans to close 148 stores in 2025. But given its more than 13,000 store footprint, that leaves plenty of locations going strong — at least for now. 3.
Since 2015, the department store chain has closed hundreds of stores, including 45 Macy's locations in 2021 and 28 locations in 2020. The closures are likely due to several factors, including ...
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 ...
Retailers have already announced 1,925 store closures so far in 2025 — and that was only as of Jan. 10. ... The department store operator has been shuttering roughly 50 of those per year, since ...
BCBG Max Azria announced the closure of its stores in 2017, planning on going to department stores and online only. BCBG Max Azria Group filed for Chapter 11 bankruptcy protection on February 28, 2017, and was taken over by Marquee Brands and Global Brands Group. [38] [22] Bebe announced plans to close all stores and focus solely on online ...
Kohl’s announced “real estate changes” for 2025, including the closure of its San Bernardino, Calif., E-commerce Fulfillment Center in May and the closure of 27 underperforming stores by ...
Research published by global retail analyst IHL Group in 2019 suggests that the so-called retail apocalypse narrative was an exaggeration, with "more chains that are expanding their number of stores than closing stores.” [7] That year, retailers in the United States announced 9,302 store closings, a 59% jump from 2018, and the highest number ...