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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 ...
The Phoenix-area stores (which were owned by The RoomStores of Phoenix, LLC), the last remains of the chain, were closed in 2016. [262] rue21 announced plans to close around 400 stores in April 2017. [263] The company filed for Chapter 11 bankruptcy on May 16, 2017, [264] and emerged from bankruptcy in September. [265]
On March 18, 2020, Glik's returned to the mall and opened in the former 11 for $10 store location. [32] On December 17, 2020, it was announced that JCPenney would be closing in March 2021 as part of a plan to close 15 stores nationwide. The former JCPenney would become Dunham sports at some point. [33]
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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 ...
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 ...