Other stores across Michigan have already closed, including ones … Mutual Fund and ETF data provided by Refinitiv Lipper. Now, the company will close an additional 13 stores and noted that this is part of their “store … In June, JCPenney filed for bankruptcy protection and announced that it would close 192 stores across the country, including two in the Dallas area: the Timber Creek Crossing store in Dallas, and Music City Mall in Lewisville. The US equity strategy team … "While store closure decisions are never easy, our store optimization strategy is intended to better position JCPenney to drive sustainable, profitable growth and included plans to close up to 200 stores in phases throughout 2020," it added. It came as no surprise when JCPenney JCP +5.6% released a store closing list on Thursday afternoon. JCPenney still has locations in Peabody, Wareham, North Dartmouth, North Attleboro, Marlboro, Leominster, Holyoke and Hadley. ", GET FOX BUSINESS ON THE GO BY CLICKING HERE. ... JC Penney closing local stores. STURBRIDGE (CBS) –JCPenney is closing more stores in the coming months, including one in Massachusetts. J.C. Penney filed for Chapter 11 bankruptcy protection earlier this year. JCPenney Store Closings Following a comprehensive review of the JCPenney retail footprint, we announced several phases of store closures in 2020, part of our store optimization strategy that began in June and included plans to close up to 200 stores throughout our financial restructuring. J.C. Penney is set to close 13 more stores this summer as it works toward restructuring its business in bankruptcy court. Market data provided by Factset. A company spokeswoman confirmed to WBZ-TV that its Sturbridge location will soon be shutting its doors. The J.C. Penney store in Sequim, Wash., is also slated to be closed. Since filing for Chapter 11 bankruptcy last spring, the retailer has shuttered more than 150 of its roughly 850 locations. This news comes shortly after filing for Chapter 11 bankruptcy protection in May, one day after it made an approximately $17 million interest payment on debt owed. J.C. Penney is closing even more stores in March of 2021. The department store chain plans to permanently close nearly a third of its stores over the next two years. JCPenney announced Thursday that it would close 154 stores as part of its restructuring, including three in Arizona. Source: Supannee_Hickman / … A company spokeswoman confirmed to WBZ-TV that its Sturbridge location will soon be shutting its doors. ©2020 FOX News Network, LLC. The stores are open Monday through Saturday from noon to 7 p.m. and Sundays from 11 a.m. to 6 p.m. Latest Stories. This week, JCPenney filed a motion in court regarding the previously announced closure of 144 of its stores following its bankruptcy filing in May 2020; some of the stores listed in the filing have already closed.. The department store chain, which filed for bankruptcy last month, is inching toward its target of closing 250 stores … Associated Press. (Paul Hennessy/SOPA Images/LightRocket via Getty Images). JCPenney, which filed for bankruptcy in May, said it would have to close a significant number of its stores. My daughter and granddaughter work there in Sturbridge and it’s sales performance is better than some of the mall stores, especially with the Sephora added to it. https://www.foxbusiness.com/economy/jc-penney-closing-more-stores-in-2021 December 18, 2020, 8:29 PM. “These stores will begin liquidation sales later this month and will close to the public in mid to late March.”. After a true annus horribilus, we’re all ready for better times. It survived the closure of 138 stores nationwide in 2017, but not the sale to the Simon Property Group and Brookfield Asset Management Inc., which was announced Monday. Yesterday, the company announced in a news release that it is selling JCPenney to Brookfield Property Group and Simon Property Group. This material may not be published, broadcast, rewritten, or redistributed. JCPenney’s website states: “Items purchased prior to the start of the liquidation sale may be returned or exchanged throughout the entire liquidation sale at closing stores.” Uncertainty Nelson said Sequim’s store has a dedicated following, as it is the only JCPenney on the North Olympic Peninsula. The company announced the closure is part of a financial restructuring plan to close up to 200 stores across the country. Legal Statement. More than 40 major retailers have declared bankruptcy and more than 11,000 store closures have been announced in 2020, according to a report from real estate data tracker CoStar. The 118-year-old company emerged from bankruptcy earlier this month after making a deal that leaves Simon Property Group and Brookfield Asset Management as the owners and operators of the chain. The exact date … JCPenney has confirmed that 154 stores will close this year. The store is the lone JCPenney in metro Detroit closing its doors as a part of the restructuring. Retailer JC Penney is closing another Alabama store. How does the 10-year Treasury affect mortgage rates? Crew and the Neiman Marcus Group filed, and represented the … The list of 137 closing stores, along with the safety precautions the Company is taking, can be found on the JCPenney Blog. Collin Creek seemed to have emerged unscathed. In September, The New York Times reported that the Plano, … Penney said it expects the store closing sales to last anywhere from 10 to 16 weeks. JCPenney is closing even more stores in March of next year. ... Yahoo News explains. The department store chain, which is expected to close 242 stores … A company spokeswoman confirmed to WBZ-TV that … 10h ago. J.C. Penney will close 15 additional stores in the spring after shuttering more than 150 locations since filing for bankruptcy. “As part of our store optimization strategy that began in June with our financial restructuring, we have made the decision to close an additional 15 stores,” JCPenney stated. JCPenney announced on June 4 that 154 stores will be closed. Now, the company reports it plans to close another 15 stores and that liquidation sales are scheduled to begin later this month. The store — the only JCPenney on the North Olympic Peninsula — has been at its location at 651 W. Washington St. for the past 25 years and was in Port Angeles prior to that. J.C. Penney is closing 154 stores — here's where they're located By Khristopher J. Brooks June 5, 2020 / 12:11 PM / MoneyWatch Bankrupt J.C. Penney plans to permanently shutter 154 stores … The chain said the JC Penney location in Enterprise will close Spring 2021. JC Penney will close some of its locations as it comes out o bankruptcy. FOX Business' Daniella Genovese and Lucas Manfredi contributed to this report. After filing for bankruptcy on May 15, … Power Outages Affect Thousands In Massachusetts On Christmas, Tom Brady Shreds Lions En Route To One Of The Best Halves Of His Entire Career, Worcester Boy Who Went Missing On Christmas Morning Found Safe, Man Killed In East Boston Stabbing On Christmas Eve, 'Christmas Morning Tragedy Averted': State Police Stop Wrong-Way Driver On I-93, AG: Man Killed In Exchange Of Gunfire With NH State Trooper Was Armed With Rifle, Handgun, Peabody Petco Employees 'Shaken' After Theft Of $300 Ball Python, Mount Washington Could See 170 MPH Wind Gusts From Christmas Storm, Taunton Police Officer John Borges Dies Of Coronavirus On Christmas Eve, Fire Destroys Braintree Family's Home On Christmas Morning. JCPenny is closing down stores over the next couple of years as part of its Chapter 11 bankruptcy restructuring business plan. How to choose the right auto insurance coverage for your new car. At the time, plans were announced to close approximately 30% of the retailers' 846 stores. Powered and implemented by FactSet Digital Solutions. TJ Maxx, Ross will benefit from retailers going bankrupt: Retail watcher, Coronavirus propelled businesses into the future -- ready or not, Enhanced unemployment benefits set to expire this week, Elon Musk says taking Tesla private would be an 'impossible' task, Home insurance companies will reduce premiums if you have these smart devices, Today's mortgage refinance rates crawl upward | December 23, 2020, Today's mortgage rates don’t budge for nine straight days | December 23, 2020. In the coming weeks, there will be phases of store closing sales, which JCPenney expects will take 10 to 16 weeks to complete. JC Penney will close some of its locations as it comes out o bankruptcy. JCPenney is closing more stores in the coming months, including one in Massachusetts. "Following a comprehensive review of the JCPenney retail footprint, we announced several phases of store closures in 2020, part of our store optimization strategy that … J.C. Penney, 118-Year-Old Department Store, Files for Bankruptcy The chain’s move came after J. The company plans to close 200 stores through the rest of the year, and recently announced 15 more store closures which included the Sturbridge Plaza location. Closings are expected in Alabama, Arizona, Idaho, Illinois, Kentucky, Massachusetts, Michigan, Missouri, North Carolina, Ohio, Pennsylvania, South Carolina, Texas, Vermont and Washington. JCPenney filed for bankruptcy in May, citing the devastating economic impact of the coronavirus pandemic. The news came Thursday as the company said the closings are part of its "store optimization strategy." Click here for a list of the new closures. J.C. Penney on Thursday received bankruptcy court approval to begin liquidation sales at stores that are closing permanently. Bankrupted J.C. Penney announced Thursday the list of the … However, things might be turning around for the retailer. FAQ - Updated Privacy Policy. A department store that was once a staple in malls across the country may be shutting down its location nearest you. The department store announced Monday evening the list of … Quotes displayed in real-time or delayed by at least 15 minutes. In May, JCPenney became one of the largest retailers to file for bankruptcy protection during the coronavirus pandemic. Kristin Bentz of KB Advisory Group argues Ross, TJ Maxx and Etsy will be coronavirus-era retail winners. "As part of our store optimization strategy that began in June with our financial restructuring, we have made the decision to close an additional 15 stores," JCPenney said in a Thursday statement to USA Today. A few months ago, JCPenney announced it would file for bankruptcy and close more than 150 stores across the country. "These stores will begin liquidation sales later this month and will close to the public in mid- to late March. The list of 138 stores … JCPenney filed for bankruptcy in May, citing the devastating economic impact of the coronavirus pandemic. ©2020 CBS Broadcasting Inc. All Rights Reserved. All rights reserved. OKLAHOMA – JCPenney revealed which stores it will close nationwide after announcing plans to shut down between 130 and 140 stores a few weeks ago. STURBRIDGE (CBS) –JCPenney is closing more stores in the coming months, including one in Massachusetts. New York (CNN Business) JCPenney will close another 13 stores for good. JC Penney to close local store in the spring Plano-based J.C. Penney will close its store in the Temple Mall in the spring as part of a major corporate restructuring effort. Sales at stores open at least a year fell 5.6% in JCPenney's fiscal year, which ended February 1. The company has about 850 stores currently, down about 200 stores over the last five years. 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