Closings are expected in Alabama, Arizona, Idaho, Illinois, Kentucky, Massachusetts, Michigan, Missouri, North Carolina, Ohio, Pennsylvania, South Carolina, Texas, Vermont and Washington. JC Penney will close some of its locations as it comes out o bankruptcy. The exact date … The department store chain plans to permanently close nearly a third of its stores over the next two years. "These stores will begin liquidation sales later this month and will close to the public in mid- to late March. ©2020 CBS Broadcasting Inc. All Rights Reserved. Powered and implemented by FactSet Digital Solutions. More than 40 major retailers have declared bankruptcy and more than 11,000 store closures have been announced in 2020, according to a report from real estate data tracker CoStar. The company has about 850 stores currently, down about 200 stores over the last five years. The chain said the JC Penney location in Enterprise will close Spring 2021. A company spokeswoman confirmed to WBZ-TV that … Click here for a list of the new closures. After filing for bankruptcy on May 15, … STURBRIDGE (CBS) –JCPenney is closing more stores in the coming months, including one in Massachusetts. Yesterday, the company announced in a news release that it is selling JCPenney to Brookfield Property Group and Simon Property Group. The store is the lone JCPenney in metro Detroit closing its doors as a part of the restructuring. The company plans to close 200 stores through the rest of the year, and recently announced 15 more store closures which included the Sturbridge Plaza location. JCPenney still has locations in Peabody, Wareham, North Dartmouth, North Attleboro, Marlboro, Leominster, Holyoke and Hadley. Quotes displayed in real-time or delayed by at least 15 minutes. Since filing for Chapter 11 bankruptcy last spring, the retailer has shuttered more than 150 of its roughly 850 locations. The news came Thursday as the company said the closings are part of its "store optimization strategy." In May, JCPenney became one of the largest retailers to file for bankruptcy protection during the coronavirus pandemic. My daughter and granddaughter work there in Sturbridge and it’s sales performance is better than some of the mall stores, especially with the Sephora added to it. This news comes shortly after filing for Chapter 11 bankruptcy protection in May, one day after it made an approximately $17 million interest payment on debt owed. December 18, 2020, 8:29 PM. JCPenney, which filed for bankruptcy in May, said it would have to close a significant number of its stores. J.C. Penney, 118-Year-Old Department Store, Files for Bankruptcy The chain’s move came after J. FAQ - Updated Privacy Policy. JCPenney announced on June 4 that 154 stores will be closed. A company spokeswoman confirmed to WBZ-TV that its Sturbridge location will soon be shutting its doors. Legal Statement. Retailer JC Penney is closing another Alabama store. In June, JCPenney filed for bankruptcy protection and announced that it would close 192 stores across the country, including two in the Dallas area: the Timber Creek Crossing store in Dallas, and Music City Mall in Lewisville. Source: Supannee_Hickman / … ©2020 FOX News Network, LLC. Other stores across Michigan have already closed, including ones … J.C. Penney will close 15 additional stores in the spring after shuttering more than 150 locations since filing for bankruptcy. It announced plans to close about 240 of its 846 stores. A department store that was once a staple in malls across the country may be shutting down its location nearest you. Market data provided by Factset. Crew and the Neiman Marcus Group filed, and represented the … The store — the only JCPenney on the North Olympic Peninsula — has been at its location at 651 W. Washington St. for the past 25 years and was in Port Angeles prior to that. Bankrupted J.C. Penney announced Thursday the list of the … FOX Business' Daniella Genovese and Lucas Manfredi contributed to this report. JC Penney will close some of its locations as it comes out o bankruptcy. How does the 10-year Treasury affect mortgage rates? This material may not be published, broadcast, rewritten, or redistributed. It came as no surprise when JCPenney JCP +5.6% released a store closing list on Thursday afternoon. The US equity strategy team … "While store closure decisions are never easy, our store optimization strategy is intended to better position JCPenney to drive sustainable, profitable growth and included plans to close up to 200 stores in phases throughout 2020," it added. A company spokeswoman confirmed to WBZ-TV that its Sturbridge location will soon be shutting its doors. The list of 138 stores … Latest Stories. All rights reserved. The department store announced Monday evening the list of … Power Outages Affect Thousands In Massachusetts On Christmas, Tom Brady Shreds Lions En Route To One Of The Best Halves Of His Entire Career, Worcester Boy Who Went Missing On Christmas Morning Found Safe, Man Killed In East Boston Stabbing On Christmas Eve, 'Christmas Morning Tragedy Averted': State Police Stop Wrong-Way Driver On I-93, AG: Man Killed In Exchange Of Gunfire With NH State Trooper Was Armed With Rifle, Handgun, Peabody Petco Employees 'Shaken' After Theft Of $300 Ball Python, Mount Washington Could See 170 MPH Wind Gusts From Christmas Storm, Taunton Police Officer John Borges Dies Of Coronavirus On Christmas Eve, Fire Destroys Braintree Family's Home On Christmas Morning. TJ Maxx, Ross will benefit from retailers going bankrupt: Retail watcher, Coronavirus propelled businesses into the future -- ready or not, Enhanced unemployment benefits set to expire this week, Elon Musk says taking Tesla private would be an 'impossible' task, Home insurance companies will reduce premiums if you have these smart devices, Today's mortgage refinance rates crawl upward | December 23, 2020, Today's mortgage rates don’t budge for nine straight days | December 23, 2020. Collin Creek seemed to have emerged unscathed. Penney said it expects the store closing sales to last anywhere from 10 to 16 weeks. Sales at stores open at least a year fell 5.6% in JCPenney's fiscal year, which ended February 1. (Paul Hennessy/SOPA Images/LightRocket via Getty Images). JCPenney has confirmed that 154 stores will close this year. New York (CNN Business) JCPenney will close another 13 stores for good. JC Penney to close local store in the spring Plano-based J.C. Penney will close its store in the Temple Mall in the spring as part of a major corporate restructuring effort. However, things might be turning around for the retailer. Kristin Bentz of KB Advisory Group argues Ross, TJ Maxx and Etsy will be coronavirus-era retail winners. JCPenney filed for bankruptcy in May, citing the devastating economic impact of the coronavirus pandemic. ... Yahoo News explains. Associated Press. OKLAHOMA – JCPenney revealed which stores it will close nationwide after announcing plans to shut down between 130 and 140 stores a few weeks ago. https://www.foxbusiness.com/economy/jc-penney-closing-more-stores-in-2021 The 118-year-old company emerged from bankruptcy earlier this month after making a deal that leaves Simon Property Group and Brookfield Asset Management as the owners and operators of the chain. At the time, plans were announced to close approximately 30% of the retailers' 846 stores. The list of 137 closing stores, along with the safety precautions the Company is taking, can be found on the JCPenney Blog. JCPenny is closing down stores over the next couple of years as part of its Chapter 11 bankruptcy restructuring business plan. JCPenney Store Closings Following a comprehensive review of the JCPenney retail footprint, we announced several phases of store closures in 2020, part of our store optimization strategy that began in June and included plans to close up to 200 stores throughout our financial restructuring. A few months ago, JCPenney announced it would file for bankruptcy and close more than 150 stores across the country. This week, JCPenney filed a motion in court regarding the previously announced closure of 144 of its stores following its bankruptcy filing in May 2020; some of the stores listed in the filing have already closed.. After a true annus horribilus, we’re all ready for better times. JCPenney announced Thursday that it would close 154 stores as part of its restructuring, including three in Arizona. In September, The New York Times reported that the Plano, … JCPenney is closing more stores in the coming months, including one in Massachusetts. J.C. Penney filed for Chapter 11 bankruptcy protection earlier this year. ", GET FOX BUSINESS ON THE GO BY CLICKING HERE. The department store chain, which is expected to close 242 stores … STURBRIDGE (CBS) –JCPenney is closing more stores in the coming months, including one in Massachusetts. “These stores will begin liquidation sales later this month and will close to the public in mid to late March.”. It survived the closure of 138 stores nationwide in 2017, but not the sale to the Simon Property Group and Brookfield Asset Management Inc., which was announced Monday. JCPenney filed for bankruptcy in May, citing the devastating economic impact of the coronavirus pandemic. J.C. Penney on Thursday received bankruptcy court approval to begin liquidation sales at stores that are closing permanently. “As part of our store optimization strategy that began in June with our financial restructuring, we have made the decision to close an additional 15 stores,” JCPenney stated. Mutual Fund and ETF data provided by Refinitiv Lipper. The department store chain, which filed for bankruptcy last month, is inching toward its target of closing 250 stores … J.C. Penney is closing even more stores in March of 2021. J.C. Penney is set to close 13 more stores this summer as it works toward restructuring its business in bankruptcy court. JCPenney is closing even more stores in March of next year. It’s one of the few stores around that have quality clothing for work or for business!The 3 closest stores (mall) are Solomon Pond, Holyoke, Ingelside Mall and Buckland Hills in Manchester, Ct. Maybe local FB sites could use this platform to get the word out that the area wants the store open! It can’t hurt!, By viewing our video content, you are accepting the terms of our. J.C. Penney is closing 154 stores — here's where they're located By Khristopher J. Brooks June 5, 2020 / 12:11 PM / MoneyWatch Bankrupt J.C. Penney plans to permanently shutter 154 stores … 10h ago. In the coming weeks, there will be phases of store closing sales, which JCPenney expects will take 10 to 16 weeks to complete. The J.C. Penney store in Sequim, Wash., is also slated to be closed. The company announced the closure is part of a financial restructuring plan to close up to 200 stores across the country. Now, the company will close an additional 13 stores and noted that this is part of their “store … "Following a comprehensive review of the JCPenney retail footprint, we announced several phases of store closures in 2020, part of our store optimization strategy that … The stores are open Monday through Saturday from noon to 7 p.m. and Sundays from 11 a.m. to 6 p.m. JCPenney’s website states: “Items purchased prior to the start of the liquidation sale may be returned or exchanged throughout the entire liquidation sale at closing stores.” Uncertainty Nelson said Sequim’s store has a dedicated following, as it is the only JCPenney on the North Olympic Peninsula. "As part of our store optimization strategy that began in June with our financial restructuring, we have made the decision to close an additional 15 stores," JCPenney said in a Thursday statement to USA Today. How to choose the right auto insurance coverage for your new car. ... JC Penney closing local stores. 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