JCPenney Confirmed that stores in eight states will be closed for the next five years Anniversary The company is preparing to file for Chapter 11 bankruptcy
AJ CPenney spokesperson has confirmed that the popular department store chain will be closing eight store locations by mid-2025. Axios , though the company did “not have plans to significantly reduce our store count” at the time of the publication’s report on Tuesday, Feb. 11.
The management of retail liquidations and store closures is the responsibility of SB360 Capital Partners, a firm that advertises on its website A list JCPenney stores that are scheduled to close this year. The malls are expected to have at least one store shut down::
- In San Bruno, California, you can find The Shops at Tanforan
- The Shops in Northfield, Denver, Colo
- Pine Ridge Mall in Pocatello, Idaho
- West Ridge Mall in Topeka, Kan
- Annapolis Mall, located in Annapurna, Maryland
- Asheville Mall, situated in Asherville, N. C. C
- The Mall at Fox Run in Newington, N. C. H
- The Town Center of Charleston, W. C. V a
The stores will be offering discounts before closing, as per SB360. While JCPenney Announced A spokesperson for the company stated that they were in the process of merging with Catalyst Brands last month Axios The eight store closures that were expected to occur had no connection to the move
JCPenney’s Chapter 11 bankruptcy filing in May 2020 was followed by the announcement of their latest store closure plans almost five years later. JCPenney had 846 stores during that time, as per the report CNN , a number that has since decreased to more than 650 locations in the U. S. And Puerto Rico
According to Coresight Research data reviewed by analysts last month, there have been numerous instances of store closures in the retail space over the past few years, with 7,325 stores expected to close in 2024. CNBC According to the retail advisory group, approximately 15,000 stores of major retailers will be closed in 2025.
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