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Why Is JCPenney Closing More Stores? JCPenney filed for bankruptcy back in 2020. Since then, about 240 of its stores have closed. Right now, there’s about 650 locations left in the U.S.
JCPenney announced plans to close more than 200 locations across the country after the retailer filed for Chapter 11 bankruptcy protection in May 2020. The chain was later acquired by Simon ...
-JCPenney at Mall at Fox Run in Newington, New Hampshire. -JCPenney at Charleston Town Center in Charleston, West Virginia. JCPenney stores are closing in eight different states (Getty Images)
Exterior of the JCPenney store at the Richland Mall in Ontario, Ohio (2008) In early 2001, JCPenney closed 44 under-performing stores. In 2001, JCPenney sold its direct-marketing insurance unit to Dutch insurer Aegon for $1.3 billion (equivalent to $2.24 billion in 2025) in cash to help refocus the company on retail. [30]
The store closed that August, which left JCPenney as the only anchor left. [13] On February 9, 2024, it was announced that JCPenney would close in late spring. The store closed on May 25, leaving the mall with no remaining anchors and cementing its status as a dead mall. [14] [15]
Catalyst Brands LLC is a parent company formed in 2025 by the merger of SPARC Group and JCPenney. [1] [2] SPARC Group brands include Aéropostale, Brooks Brothers, Eddie Bauer, Forever 21, Lucky Brand Jeans, and Nautica. [3] [4] [5] JCPenney CEO Marc Rosen is leading Catalyst Brands. [6] [7
JCPenney is merging with a company that owns a number of other once-bankrupt clothing stores, including Forever 21 and Brooks Brothers, to form a new company that will hold significant sway over ...
Opened in 1983, Foothills Mall is the only shopping mall in suburban Blount County, part of the Knoxville Metropolitan Area. [2] The mall was originally anchored by Maryville-based Proffitt's , a regional department store ; Miller's , another regional department store that was a division of Allied Stores ; JCPenney ; and Sears , which closed in ...
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