Jcpenney Stores Closing

 A "handful" of JCPenney locations are soon to be closing, a company spokesperson said, adding to the retailer's long list of shuttered stores since it filed for bankruptcy in 2020.. The ...  JCPenney is set to close several locations by mid-year, the company confirmed in a statement. The retailer cited expiring leases and market conditions for a "handful" of impending store closures.  The stores are expected to close by mid-2025. ... JCPenney had 846 stores at the time, according to CNN, a number that has since decreased to more than 650 locations in the U.S. and Puerto Rico.  JCPenney filed for bankruptcy at the height of the pandemic in 2020. The chain was later bought by Simon Property Group and real estate developer Brookfield in a $1.75 billion deal.  JCPenney confirmed to Axios that it is closing more stores this year in a move "unrelated to the recent Catalyst Brands merger.". Why it matters: Approximately 15,000 store closures are expected this year, more than double the 7,325 stores that closed in 2024, according to Coresight Research. Big Lots, Party City, Kohl's and Macy's are among the retailers currently holding liquidation sales.

 STATEN ISLAND, N.Y. -- Department store retailer JCPenney will shutter eight stores across as many states, Axios has reported. According to a statement provided by the company, locations in ...  JCPenney confirmed to Axios that it is closing more stores this year in a move "unrelated to the recent Catalyst Brands merger.". Why it matters: Approximately 15,000 store closures are expected this year, more than double the 7,325 stores that closed in 2024, according to Coresight Research. Big Lots, Party City, Kohl's and Macy's are among the retailers currently holding liquidation sales.  A "handful" of JCPenney locations are soon to be closing, a company spokesperson said, adding to the retailer's long list of shuttered stores since it filed for bankruptcy in 2020.. The ...