JCPENNEY closes the stores in eight states – see the full list of locations

On By Littum

JCPENNEY is preparing to close several stores in eight different states.

The company confirmed that stores will close their doors this year in a statement shared with The independent Wednesday. However, JCPENNEY said the move is “not related to the” brand’s recent merger with SPARC groupwhich formed helped Catalyst Brands, an organization of six major retailers.

“Although we have no plans to significantly reduce our store count, we expect a handful of JCPENNEY stores to close in the middle of the year,” a spokesman for JCPENNEY said.

“The decision to close a store is never easy, but isolated closures occur from time to time due to expiry of lease agreements, market changes or other factors,” the representative continued. “We are grateful for our dedicated employees and the loyal customers who have traded in these places. We continue to work to make every dollar count for America’s various, working families and welcome them to shop in our other JCPENNEY stores in the area and at jcpenney.com. ”

On its website, SB360 Capital Partners Have sent the eight JCPENNEY stores – each in different states – shut down. Here are the list of department stores that are closed and where they are:

-Jcpenney in the stores in Tanforan in San Bruno, California.

-Jcpenney in the stores in Northfield in Denver, Colorado.

-Jcpenney in Pine Ridge Mall in Pocatello, Idaho.

-Jcpenney in West Ridge Mall in Topka, Kansas.

-Jcpenney in Annapolis Mall in Annapolis, Maryland.

-Jcpenney in Asheville Mall in Asheville, North Carolina.

-Jcpenney in Mall at Fox Run in Newington, New Hampshire.

-Jcpenney in Charleston Town Center in Charleston, West Virginia.

JCPENNEY -stores close in eight different states
JCPENNEY -stores close in eight different states (Getty Images?

In January, JCPENNEY confirmed its merger with Sparc Group – which owns Aéropostale, Brooks Brothers, Eddie Bauer, Lucky Brand and Nautica – to create catalysic tags. Marc Rosen, former CEO of JCPENNEY, who became CEO of Catalyst Brands, said his “Business brings together the rich heritage of six unique brands with modern energy and a new vision for success.”

“Together we bring scale, expertise and wide appeal to customers throughout America,” Rosen said in a statement at the time. “For us, customers are at the heart of what we do. We have a common belief that customers deserve fashion and style of great quality for every and every moment of life. We will take advantage of our resources and best in class Industry Talent to grow our brands further. “

During the Covid Pandemi, JCPENNEY submitted chapter 11 bankruptcy as The company agreed with lenders to reduce its billions of dollars debt and explore sales opportunities.

“We look forward to coming out of both Chapter 11 and this pandemic as a stronger dealer who continues to implement our plan for renewal, and building functions focused on satisfying customers’ wishes and needs,” said Jill Soltau, former CEO of Director of JCPENNEY, in a statement at the time.

JCPENNEY is not the only big dealer to advertise a handful of store closures. Last year. Big Lots announced that it was closing more than 300 stores across the United States, with the news coming after the company announced a 10 percent sales drop, equivalent to about $ 205 million. In a subsequent legislative filing, the company said it would increase the number of store closures to 315 as part of a loan agreement.

In December, Party City announced that it closed all its stores in the US after 40 years of business. CEO Barry Litwin held a meeting on December 11 with the staff to advertise the news and notify them that it would be their last day of employment. The company-which had approx. 6,400 full-time and 10,100 part-time workers nationwide-ville do not give severance pay and benefits will end when the company closes, Litwin said.

Store closures are expected to continue in 2025, according to a report published by Coresight Research in January. Coresight Research expects store closures to about 15,000 by 2025. By 2024, the US store closures were 7,325, which is the highest it has been since 2020 when there were almost 10,000 closures.