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J.C. Penney has announced the locations of 154 stores that will be closing across 38 states as it restructures after filing for bankruptcy last month.
On December 17, 2020, JCPenney announced that they would close 15 additional stores in March 2021. [77] [78] As of June 2021, there have been a total of 175 store closures. On December 30, 2020, it was announced that Jill Soltau would step down as CEO of JCPenney, effective December 31
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Another 8 stores and a distribution center closed in 2018 while over 50 additional stores were expected to close between mid-2019 and late 2020. [ 153 ] [ 154 ] JCPenney filed for bankruptcy on May 15, 2020, and announced plans to close at least 242 stores.
As of May 2020, bankruptcies and store closings were expected to intensify due to widespread business closures and the resulting financial impact of the COVID-19 pandemic. J. Crew , Century 21 , Neiman Marcus , Stage Stores , Stein Mart , Lord & Taylor , JCPenney , Tuesday Morning , and Pier 1 Imports were among the first major retailers to ...
JCPenney will close 15 additional stores in spring after closing 150-plus stores since filing for bankruptcy. The stores will shutter in March 2021.
On January 16, 2020, it was announced that the Chapel Hill JCPenney would close on April 24, 2020 as part of a plan to close six stores nationwide, leaving the mall with no remaining anchors. [30] It remained open through the initial closing date, but on June 17 it was included in an updated list of 136 stores closing. [ 31 ]
On June 4, 2020, JCPenney announced that it would be closing by around October 2020 as part of a plan to close 154 stores nationwide. [23] By 2021, Belk was the only remaining store and plans for demolition were announced by the mall's then-owners. [24] In March 2022, demolition process began with the J. C. Penney anchor store torn down. [25]