J.C. Penney releases list of 138 stores to be shuttered
Published 1:35 pm Friday, March 17, 2017
- JCPenney
Longtime mall staple J.C. Penney released a list Friday of 138 upcoming store closures, a move that will impact about 5,000 employees across the country.
Company representatives announced the planned closure in February, citing a too-large footprint in a market being squeezed by online and niche retailers.
The closures include eight stores each in Texas and Minnesota and seven stores a piece in Pennsylvania, Illinois and Michigan.
Where are J.C. Penney stores closing?
Most stores will begin liquidating in April and close in June.
Many of the closures are in communities that have a long history with the stores. Some locations, like Ottumwa, Iowa, a former mining town of nearly 25,000 people, have had a J.C. Penney for more than 100 years.
It’s official: @jcpenney is closing in #Ottumwa https://t.co/LoicMtxIpq pic.twitter.com/gqBT4NXRQd
— Tracy Goldizen (@CourierTracy) March 17, 2017
J.C. Penney is far from the only department store icon to announce closures as more people opt for fast fashion retailers or cyber shopping over mall walking.
Macy’s and Sears — both competitors of J.C. Penney — also announced significant closures within the last 18 months.
“Many of these stores have struggled with their financial performance for years and we have kept them open to maintain local jobs and in the hopes that they would turn around.” said Howard Riefs, director of corporate communications for Sears Holdings, of closing Sears and Kmart locations. “But in order to meet our objective of returning to profitability, we have to make tough decisions and will continue to do so, which will give our better performing stores a chance at success.”
The Ottumwa, Iowa Courier contributed to this report.