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More store closings have been announced for JCPenney, including a Mississippi and Texas store. The department store chain has closed 174 stores. JCPenney closing more stores after bankruptcy.
JCPenney is closing eight stores and firing 470 employees, CNBC reports.
JCPenney announced in February 2017 that it would close 138 stores in 2017. Liquidation sales began on May 22, and the stores closed by July 31. [166] 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.
By June 17, JCPenney reopened approximately 827 stores; most of the 154 scheduled for permanent closure in 2020 were among those reopened, with final closing sales in progress. On June 22, JCPenney identified an additional 13 stores that would be permanently closed. [77] On July 7, 2020, JCPenney announced that they would close two stores in ...
At the time, JCPenney announced that it would be closing an undisclosed number of locations while undergoing a financial restructuring plan that would allow the company as a whole to stay in business.
JCPenney announced on June 4 that it was closing on October 18 as part of a plan to close 154 stores nationwide which left Hudson's Furniture as the only anchor left. [31] [32] A foreclosure sale was originally scheduled to occur on September 23 but DeSoto Owners LLC filed bankruptcy a day prior to the sale. [30]
The department store announced plans in February to close 130 to 140 locations in the coming months, or about 13 percent of stores. JCPenney is shuttering 140 locations -- See if your store is at risk
The land the Shenango Valley Mall sat on was owned by the McConnell family until its sale in 2022. [4] [8] [9] [10] The Shenango Valley Mall opened on March 13, 1968. [1] JCPenney opened at the mall in January 1969, after being previously located in Sharon, Pennsylvania. [11] [12] The mall was renovated in 1997, costing $3.5 million.
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