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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 ...
Soft margins, dismal comps and a high level of debt are likely to negatively impact J. C. Penney's (JCP) results in the near future. However, the company is making efforts to get back on track.
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 said Thursday it plans to spend more than $1 billion by the end of 2025 in a bid to revive the storied but troubled 121-year-old department store chain. The money is going toward ...
JCPenney CEO Marc Rosen sees plenty of evidence that working-class families are struggling.
Department store chain JCPenney said in a statement that it will no longer support Apple Pay in its stores or mobile app.
It's no secret that J.C. Penney has been struggling in recent years to not only capture the attention of consumers but to simply make a profit, while top competitor Macy's has continued to capture ...