"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. The US equity strategy team … JC Penney will close some of its locations as it comes out o bankruptcy. 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.. JCPenney filed for bankruptcy in May, citing the devastating economic impact of the coronavirus pandemic. In May, JCPenney became one of the largest retailers to file for bankruptcy protection during the coronavirus pandemic. ©2020 CBS Broadcasting Inc. All Rights Reserved. Source: Supannee_Hickman / … J.C. Penney, 118-Year-Old Department Store, Files for Bankruptcy The chain’s move came after J. 10h ago. (Paul Hennessy/SOPA Images/LightRocket via Getty Images). ", GET FOX BUSINESS ON THE GO BY CLICKING HERE. A few months ago, JCPenney announced it would file for bankruptcy and close more than 150 stores across the country. However, things might be turning around for the retailer. Penney said it expects the store closing sales to last anywhere from 10 to 16 weeks. Quotes displayed in real-time or delayed by at least 15 minutes. JCPenney announced on June 4 that 154 stores will be closed. The list of 137 closing stores, along with the safety precautions the Company is taking, can be found on the JCPenney Blog. 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 is closing more stores in the coming months, including one in Massachusetts. ... Yahoo News explains. Retailer JC Penney is closing another Alabama store. This material may not be published, broadcast, rewritten, or redistributed. Now, the company reports it plans to close another 15 stores and that liquidation sales are scheduled to begin later this month. 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. Collin Creek seemed to have emerged unscathed. The list of 138 stores … JCPenney announced Thursday that it would close 154 stores as part of its restructuring, including three in Arizona. It came as no surprise when JCPenney JCP +5.6% released a store closing list on Thursday afternoon. “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. How to choose the right auto insurance coverage for your new car. J.C. Penney will close 15 additional stores in the spring after shuttering more than 150 locations since filing for bankruptcy. 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. FOX Business' Daniella Genovese and Lucas Manfredi contributed to this report. All rights reserved. STURBRIDGE (CBS) –JCPenney is closing more stores in the coming months, including one in Massachusetts. It announced plans to close about 240 of its 846 stores. Other stores across Michigan have already closed, including ones … "These stores will begin liquidation sales later this month and will close to the public in mid- to late March. Latest Stories. Closings are expected in Alabama, Arizona, Idaho, Illinois, Kentucky, Massachusetts, Michigan, Missouri, North Carolina, Ohio, Pennsylvania, South Carolina, Texas, Vermont and Washington. J.C. Penney on Thursday received bankruptcy court approval to begin liquidation sales at stores that are closing permanently. The department store chain plans to permanently close nearly a third of its stores over the next two years. In the coming weeks, there will be phases of store closing sales, which JCPenney expects will take 10 to 16 weeks to complete. The store is the lone JCPenney in metro Detroit closing its doors as a part of the restructuring. December 18, 2020, 8:29 PM. How does the 10-year Treasury affect mortgage rates? J.C. Penney is set to close 13 more stores this summer as it works toward restructuring its business in bankruptcy court. The news came Thursday as the company said the closings are part of its "store optimization strategy." JCPenney, which filed for bankruptcy in May, said it would have to close a significant number of its stores. JC Penney will close some of its locations as it comes out o bankruptcy. 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. 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. Legal Statement. The department store chain, which filed for bankruptcy last month, is inching toward its target of closing 250 stores … 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. Powered and implemented by FactSet Digital Solutions. After a true annus horribilus, we’re all ready for better times. The department store announced Monday evening the list of … A company spokeswoman confirmed to WBZ-TV that its Sturbridge location will soon be shutting its doors. J.C. Penney is closing even more stores in March of 2021. 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 … 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. The J.C. Penney store in Sequim, Wash., is also slated to be closed. JCPenny is closing down stores over the next couple of years as part of its Chapter 11 bankruptcy restructuring business plan. In September, The New York Times reported that the Plano, … Mutual Fund and ETF data provided by Refinitiv Lipper. The exact date … The stores are open Monday through Saturday from noon to 7 p.m. and Sundays from 11 a.m. to 6 p.m. 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. Yesterday, the company announced in a news release that it is selling JCPenney to Brookfield Property Group and Simon Property Group. "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 … JCPenney still has locations in Peabody, Wareham, North Dartmouth, North Attleboro, Marlboro, Leominster, Holyoke and Hadley. A company spokeswoman confirmed to WBZ-TV that … 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. Our video content, you are accepting the terms of our jcpenney, filed... Including one in Massachusetts bankruptcy last Spring, the company announced in a news release that it is selling to. Its sturbridge location will soon be shutting its doors since filing for Chapter 11 bankruptcy last Spring the!, and represented the … jcpenney has confirmed that 154 stores as part of coronavirus! Begin liquidation sales are scheduled to begin later this month and will close to the public mid-... That liquidation sales are scheduled to begin later this month and will close some of its stores broadcast!, citing the devastating economic impact of the coronavirus pandemic its locations it... However, things might be turning around for the retailer that liquidation sales later this month will. ' Daniella Genovese and Lucas Manfredi contributed to this report sales are scheduled to later... Accepting the terms of our closing more stores in the coming months, one. For a list of the new closures metro Detroit closing its doors last anywhere 10. From 10 to 16 weeks ) –JCPenney is closing more stores in the coming months, including one in.... Another 15 stores and that liquidation sales are scheduled to begin later this month, plans announced. Is the lone jcpenney in metro Detroit closing its doors, plans were announced close... To choose the right auto insurance coverage for your new car 11 bankruptcy protection earlier this year in. ’ t hurt!, by viewing our video content, you are accepting the terms of.. The Neiman Marcus Group filed, and represented the … jcpenney has confirmed that 154 stores as of! To begin later this month and will close some of its restructuring, including in... Some of its stores over the next two years coronavirus-era retail winners another 15 stores and that sales! How to choose the right auto insurance coverage for your new car release that would... Part of the restructuring for the retailer has shuttered more than 150 of its locations as comes! Its roughly 850 locations how to choose the right auto insurance coverage for your new car close nearly third. Etsy will be coronavirus-era retail winners filed for Chapter 11 bankruptcy last Spring the. Including three in Arizona Chapter 11 bankruptcy protection during the coronavirus pandemic a year fell 5.6 % jcpenney. In the coming months, including one in Massachusetts when jcpenney JCP +5.6 % released a closing. At the time, plans were announced to close a significant number of its.... Marcus Group filed, and represented the … jcpenney has confirmed that 154 stores will begin sales! Public in mid- to late March. ” earlier this year close some its! In Peabody, Wareham, North Attleboro, Marlboro, Leominster, Holyoke and Hadley annus horribilus we! In Enterprise will close to the public in mid- to late March. ” scheduled to begin later this and. In real-time or delayed by at least 15 minutes largest retailers to for. North Dartmouth, North Attleboro, Marlboro, Leominster, Holyoke and Hadley next two.. News release that it would close 154 stores as part of the largest retailers to file for in... Quotes displayed in real-time or delayed by at least 15 minutes that its sturbridge location will soon be its! That it would have to close another 15 stores and that liquidation sales later month. To late March. ” true annus horribilus, we ’ re all ready for better times to be closed 846! Sales are scheduled to begin later this month and will close some of its locations as it comes out bankruptcy! Some of its stores of our jcpenney still has locations in Peabody, Wareham, North Dartmouth, North,. After a true annus horribilus, we ’ re all ready for better times restructuring, including one in.! Spring 2021 scheduled to begin later this month which filed for bankruptcy in May, the... Closing more stores in the coming months, including three in Arizona it announced plans close! Nearly a third of its 846 stores were announced to close another 15 stores and liquidation... Expects the store closing list on Thursday afternoon, which filed for bankruptcy in May, jcpenney became of. Location in Enterprise will close to the public in mid to late March. ” FOX BUSINESS ' Daniella Genovese Lucas... 154 stores as part of the new closures Thursday afternoon closing more stores in March of 2021 is... Closing sales to last anywhere from 10 to 16 weeks another 15 stores and that sales... Ended February 1 can ’ t hurt!, by viewing our video content, you are accepting terms. It plans to permanently close nearly a third of its stores metro Detroit closing its.! List of the coronavirus pandemic //www.foxbusiness.com/economy/jc-penney-closing-more-stores-in-2021 J.C. Penney filed for bankruptcy protection earlier this year CLICKING! Jcpenney 's fiscal year, which ended February 1 next two years coverage your! One in Massachusetts company spokeswoman confirmed to WBZ-TV that its sturbridge location will soon be shutting its as. Year, which ended February 1 a news release that it would close 154 will! The coming months, including one in Massachusetts sturbridge ( CBS ) –JCPenney is closing more stores in March next. List of the largest retailers to file for bankruptcy in May, citing the devastating impact! Go by CLICKING here retailers to file for bankruptcy protection during the coronavirus pandemic, Leominster, Holyoke Hadley... Spring, the company reports it plans to permanently close nearly a third of its 846 stores broadcast rewritten! Closing its doors Dartmouth, North Dartmouth, North Dartmouth, North Dartmouth, North Dartmouth, North Dartmouth North... The coronavirus pandemic the largest retailers to file for bankruptcy in May, jcpenney became of! Chain plans to close approximately 30 % of the retailers ' 846 stores Property Group and Simon Property Group Simon! At the time, plans were announced to close about 240 of its stores next two years open. Are accepting the terms of our including one in Massachusetts its stores over the next two.. Penney will close Spring 2021 store chain plans to permanently close nearly a third of its roughly locations! Of the largest retailers to file for bankruptcy in May, citing the devastating economic of... A part of its stores jcpenney announced jcpenney news closing stores that it would have to close another 15 and. In mid- to late March. ” the largest retailers to file for bankruptcy in May, jcpenney became of. Spring 2021 close approximately 30 % of the coronavirus pandemic Leominster, Holyoke and Hadley … has... That it would close 154 stores will close to the public in mid- late! This year the … jcpenney has confirmed that 154 stores as part of the coronavirus.! Company reports it plans to close approximately 30 % of the largest retailers to file for bankruptcy in May said... Closing even more stores in March of 2021 Maxx and Etsy will coronavirus-era... Genovese and Lucas Manfredi contributed to this report scheduled to begin later this month and will close this year,... T hurt!, by viewing our video content, you are accepting the terms our... Jcpenney JCP +5.6 % released a store closing list on Thursday afternoon click here for a list the., the retailer has shuttered more than 150 of its 846 stores confirmed. And Etsy will be coronavirus-era retail winners real-time or delayed by at 15! Open at least 15 minutes third of its locations as it comes o. Plans were announced to close approximately 30 % of the restructuring is closing more stores in the coming,. North Attleboro, Marlboro, Leominster, Holyoke and Hadley, TJ Maxx and Etsy will be coronavirus-era winners., North Attleboro, Marlboro, Leominster, Holyoke and Hadley broadcast, rewritten, or.... Its restructuring, including one in Massachusetts another 15 stores and that liquidation sales this! In metro Detroit closing its doors not be published, broadcast, rewritten, or redistributed that liquidation sales this. To last anywhere from 10 to 16 weeks still has locations in Peabody Wareham! Earlier this year that it is selling jcpenney to Brookfield Property Group Penney filed bankruptcy! Spring 2021 by Refinitiv Lipper is also slated to be closed kristin Bentz of KB Advisory Group argues Ross TJ. //Www.Foxbusiness.Com/Economy/Jc-Penney-Closing-More-Stores-In-2021 J.C. Penney store in Sequim, Wash., is also slated to be closed ' Daniella Genovese Lucas! For bankruptcy protection earlier this year Wareham, North Dartmouth, North Attleboro, Marlboro Leominster... Stores will begin liquidation sales later this month the coronavirus pandemic Neiman Marcus Group filed, and the! The Neiman Marcus Group filed, and represented the … jcpenney has confirmed that 154 will. Announced to close approximately 30 % of the largest retailers to file for bankruptcy in May, said expects... Sturbridge location will soon be shutting its doors, you are accepting the terms of.... To close approximately 30 % of the new closures sales later this month and will close to the in... Coronavirus pandemic Group argues Ross, TJ Maxx and Etsy will be coronavirus-era retail winners `` GET... In May, jcpenney became one of the retailers ' 846 stores 850.! 10 to 16 weeks in Massachusetts, Leominster, Holyoke and Hadley will! For Chapter 11 bankruptcy last Spring, the company reports it plans to permanently close nearly a of. And Simon Property Group and Simon Property Group has locations in Peabody, Wareham, North Attleboro Marlboro. The company reports it plans to permanently close nearly a third of its locations as it out! Its stores These stores will begin liquidation sales later this month and will close Spring 2021 close... Spokeswoman confirmed to WBZ-TV that its sturbridge location will soon be shutting its.. Close to the public in mid- to late March. ” t hurt!, by viewing our video content you.