The popular department store chain will close eight store locations by mid-2025, a JCPenney spokesperson told Axios, though the company did “not have plans to significantly reduce our store count” at the time of the publication’s report on Tuesday, Feb. 11.
SB360 Capital Partners, a firm that says it “manages the complexities of retail liquidations and the closing of underperforming stores,” posted on its website a list of the JCPenney locations that will be closing. One store is expected to shutter in each of the following malls:
The Shops at Tanforan in San Bruno, Calif.The Shops at Northfield in Denver, Colo.Pine Ridge Mall in Pocatello, IdahoWest Ridge Mall in Topeka, Kan.Annapolis Mall in Annapolis, Md.Asheville Mall in Asheville, N.C.Mall at Fox Run in Newington, N.H.Charleston Town Center in Charleston, W.Va.JCPenney’s latest store closure plans were revealed nearly five years after the company filed for Chapter 11 bankruptcy in May 2020. 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.
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