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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.
Big Lots announced it was closing more than 300 stores across the U.S. The news came after the company announced a 10 percent sales drop, equating to about $205 million.
JCPenney will close eight locations this year, a company spokesperson said, adding to the list of more than 200 closures since the company filed for bankruptcy five years ago.. JCPenney announced ...
[256] 53 more stores were added to the closing list in April 2024. [257] Additional closures continued, nearly fully eradicating the pharmacy's presence in Michigan and Ohio. [258] In September 2024, Rite Aid emerged from bankruptcy as a privately-owned company. [259] Rockport filed for bankruptcy in May 2018. The company that bought the ...
On July 7, 2017, it was announced that Sears would also be closing as part of a plan to close 43 stores nationwide. The store closed in October 2017. [ 5 ] On April 18, 2018, it was announced that Bergner's would be closing as well on August 29, 2018, as parent company The Bon-Ton Stores was going out of business which left Jo-Ann Fabrics , AMC ...
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On June 4, 2020, it was announced that JCPenney would be closing around October 2020 as part of a plan to close 154 stores nationwide. [7] When JCPenney closed, the mall no longer had a traditional anchor store left. Cinemark Theatres is the largest current tenant. The mall is expected to be redeveloped in the future, with the Village of ...
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 ...