CEO Jill Soltau claims the retailer was on the up-and-up earlier this year: "Until this pandemic struck, we had made significant progress rebuilding our company had already begun to pay off. Jacksonville: Regency Square Mall, Arlington Expy. as well as other partner offers and accept our, Visit Business Insider's homepage for more stories, If you have a gift card for JCPenney, J. The company is also weighed down by $4 billion in debt and had previously closed numerous stores in recent years to help cut costs. That means, 29% of the retailer's 846 stores (242 stores) will close by the end of 2021. Plano, Texas – JCPenney has decided to close 13 more stores in five states as part of the second phase of its store reoptimization plan. J.C. Penney declared bankruptcy in May. Stores are expected to hold closing sales for 10 to 16 weeks before shutting their doors for good. Lake Wales: Eagle Ridge Mall, Eagle Ridge Dr. Mary Esther: Santa Rosa Shopping Center, Mary Esther Blvd. Published Tue, Jan 21 2020 1:23 PM EST Updated Tue, Jan 21 2020 7:06 PM EST. All sales will be final starting June 25. June 5, 2020 / 12:11 PM May I still redeem and earn JCPenney Rewards in closing store locations? J.C. Penney has revealed the locations of another 13 stores it will close permanently in Chapter 11 bankruptcy, including seven in Michigan. In fact, 192 JCPenney locations are expected to close in 2020, and an additional 50 next year. Cleveland: Bradley Square, Paul Huff Pkwy. In its most recent quarter J.C. Penney's sales fell nearly 8%, to $3.4 billion, from the year-ago period, while net income fell to $27 million from $75 million a year earlier. Below is a list of the J.C. Penney stores that are closing: First published on June 5, 2020 / 12:11 PM. Since the start of 2011, the retailer has closed more than 20% of its stores and cut more than 40% of its staff, yet it still remains bigger than Macy's, Dillard's, and Nordstrom. “These decisions were made based on a comprehensive evaluation of our retail footprint and a careful analysis of store performance and future strategic fit for JCPenney,” spokesperson Kristen Bennett said in an email. Pleasant Shopping Center, 2231 S Mission Rd, Mt. It was one of many brick-and-mortar stores forced to temporarily close locations in April and May as the coronavirus pandemic raced across the U.S. H John Voorhees III/Hearst Connecticut Media. Brooks has covered business and economic development for the Rochester Democrat and Chronicle and the Bristol Herald Courier. Waiting even a short time to begin putting aside money is a huge mistake because it has an outsized effect on the amount of money you'll end up with. "New seasonal essentials, such as swimwear and sunglasses, are also discounted at 25-30% off." After it filed for Chapter 11 bankruptcy in May, JCPenney warned it would have to close about 30% of its 846 stores. Do Not Sell My Personal Information, Your California Privacy Rights GNC, which has been selling nutrition and diet products since 1935, is slimming down in a big way. Stores like J. E. Cincinnati: Governors Plaza, Fields Ertel Rd. Here are the major retailers that are permanently closing the most stores in 2020, starting with the biggest announcements. Implementing this financial restructuring plan through a court-supervised process is the best path to ensure that JCPenney will build on its over 100-year history to serve our customers for decades to come," she wrote in a company statement. 136 stores that have already begun going-out-of-business sales, Money tips and advice delivered right to your inbox. Andalusia: Covington Mall, River Falls Street, Florence: Regency Square, Cox Creek Parkway, Cottonwood: Little Creek Center, Highway 260, Tucson: El Con Shopping Center, E. Broadway. Poughkeepsie: Poughkeepsie Galleria, 2001 South Road. 5,300, This story has been shared 2,776 times. In wake of the coronavirus crisis, J.C.Penney Company, Inc filed for Chapter 11 bankruptcy, joining retailers like J. Batesville: Independence Center, South St. Louis St. El Dorado: Mellor Park Mall, N. West Ave. Harrison: The Fashion Center, U.S. Highway 62-65 N. Concord: Sun Valley Mall, 484 Sun Valley Mall, San Bernardino: Inland Center, Inland Center Drive. Raleigh: North Hills Shopping Center, Six Forks Rd. Orlando: Orlando Fashion Square, E. Colonial Dr. Atlanta: Northlake Mall, Briarcliff Rd. Campbellsville: Green River Plaza, Campbellsville Bypass. Liquidation sales have begun at most of these stores, and for the most part, all sales are final at those locations. Sign up to get exclusive industry information delivered directly to your inbox. "While closing stores is always an extremely difficult decision, our store optimization strategy is vital to ensuring we emerge from both Chapter 11 and the COVID-19 pandemic as a stronger retailer with greater financial flexibility to allow us to continue serving our loyal customers for decades to come," she said in a statement. It faces a crucial deadline in mid-July to deliver a turnaround plan. Allison Zisko // Editor in Chief • June 23, 2020. There will be 149 store closures by the end of summer. Here's where they are. E. Vincennes: Vincennes Plaza, Niblack Blvd. JCPenney is closing more than 150 stores. We may earn commission from links on this page, but we only recommend products we back. Your California Privacy Rights © 2020 USA TODAY, a division of Gannett Satellite Information Network, LLC. Lauren Thomas @laurenthomas. We've received your submission. By clicking ‘Sign up’, you agree to receive marketing emails from Business Insider Stores closing in 2020: Up to 1,200. Poughkeepsie Galleria 2001 South Rd (Rt 9) Poughkeepsie, NY 12601 845-298-0572 All sales final . This doesn't come as a surprise, though. Nearly all of the company’s stores have reopened after temporarily closing due to the COVID-19 pandemic. New Hartford: Sangertown Square Mall, Sangertown Sq. We’ve already said goodbye to Pizza Hut , Sears and Sam’s Club locations, so we hope this isn’t a trend that continues. Since then, the department store chain has made several announcements about which stores it plans to close. JCPenney additionally announced on July 15 that it would lay off about 1,000 people in corporate, field management, and international positions. JCPenney, which is looking to cut costs to remain afloat, plans to reorganize and emerge from bankruptcy proceedings after eliminating several billion dollars of debt. In her current role, she oversees all aspects of HFN, including its print and digital products, and represents the brand at home and abroad through presentations, panel discussions and HFN’s podcast, The Inside Scoop. Sitemap Lanham: Woodmore Towne Center, McHugh Dr. Alma: Northtown Village, 1680 Wright Ave. Bay City: Bay City Town Center, 4129 E Wilder Road. Middlesboro: Middlesboro Mall, N. 12th St. Owensboro: Town Square Mall, Frederica St. Hyattsville: Mall at Prince Georges, 3500 East West Highway. … Save better, spend better:Money tips and advice delivered right to your inbox. Gainesville: Lakeshore Mall, Pearl Nix Pkwy. NJ school board member resigns after bathroom mishap in Zoom meeting, Interim 'Jeopardy!' When do states certify their election results? Dawn of the dead minks! Privacy Notice GNC. The company operates about 850 stores in the US and Puerto Rico, according to its website. Sorry, your blog cannot share posts by email. Batavia: Batavia City Center, Batavia City Ctr. Terms of Use While Soltou reiterates that the recent bankruptcy filing doesn't mean that they're going away for good, she made it clear that hundreds of their stores are closing as a result. Dates may vary by location. A handful of previously announced store closing locations remain on hold pending further review, the company said. Hanover: North Hanover Mall, Carlisle St. Tarentum: Galleria, Pittsburgh Mill Circle, Beaufort: Cross Creek Mall, Robert Smalls Parkway. Sign up for Insider Retail. Covington Mall, 922 River Falls St, Andalusia, AL 36420, Jackson Square, 1601 S Broad, Scottsboro, AL 35768, Regency Square, 301 Cox Creek Pkwy (Rt 133), Florence, AL 35630, Spanish Fort Town Center, 22500 Town Center Ave, Spanish Fort, AL 36527, Little Creek Center, 1100-B Hwy 260, Cottonwood, AZ 86326, Christown Spectrum, 1727 W Bethany Home Rd, Phoenix, AZ 85015, El Con Shopping Center, 3501 E Broadway Blvd, Tucson, AZ 85716, Independence Center, 475 S St Louis St, Batesville, AR 72501, Mellor Park Mall, 1845 N West Ave, El Dorado, AR 71730, The Fashion Center, 814 US Hwy 62-65 N, Ste 27, Harrison, AR 72601, Rancho Del Chino Shopping Center, 14659 Ramona Ave, Chino, CA 91710, San Luis Plaza, 951 W Pacheco Blvd, Los Banos, CA 93635, Woodland Plaza, 120 Niblick Rd, Paso Robles, CA 93446, West Valley Mall, 3100 Naglee Rd, Tracy, CA 95304, Countryside Plaza, 1840 Countryside Dr, Turlock, CA 95380, Yreka Junction Mall, 1810 Fort Jones Rd, Yreka, CA 96097, Durango Mall, 800 S Camino Del Rio, Durango, CO 81301, Greeley Mall, 2080 Greeley Mall, Greeley, CO 80631, River Landing Shopping Center, 3400 Rio Grande Ave, Montrose, CO 81401, Torrington Commons, 251 High St, Torrington, CT 06790, Desoto Square Mall, 303 301 Blvd W, Ste 701, Bradenton, FL 34205, Coralwood Shopping Center, 2301 Del Prado Blvd, Ste 700, Cape Coral, FL 33990, Gulf Coast Town Center, 10083 Gulf Center Dr, Fort Myers, FL 33913, Regency Square Mall, 9501 Arlington Expy, Ste 105, Jacksonville, FL 32225, Eagle Ridge Mall, 501 Eagle Ridge Dr, Lake Wales, FL 33859, Santa Rosa Shopping Center, 300 Mary Esther Blvd, Mary Esther, FL 32569, Orlando Fashion Square, 3115 E Colonial Dr, Orlando, FL 32803, Lakeshore Mall, 901 Us 27 N, Ste 150, Sebring, FL 33870, Georgia Square, 3700 Atlanta Hwy, Athens, GA 30606, Northlake Mall, 4840 Briarcliff Rd NE, Atlanta, GA 30345, Lakeshore Mall, 150 Pearl Nix Pkwy, Gainesville, GA 30501, Mount Berry Square, 300 Mount Berry Square NE, Rome, GA 30165, Statesboro Mall, 325 Northside Dr E, Ste 25, Statesboro, GA 30458, Hatcher Point Mall, 2215 Memorial Dr, Waycross, GA 31501, Lewiston Shopping Center, 1826 19th Ave, Lewiston, ID 83501, Bonner Mall, 300 Bonner Mall Way, Ste 60, Ponderay, ID 83852, Northfield Square, 1600 N State Rt 50, Bourbonnais, IL 60914, University Mall, 1201 E Main, Carbondale, IL 62901, Freeport Mall, 1810 S West Ave, Freeport, IL 61032, Times Square Mall, 115 Times Sq Mall, Mt.

Application Of Computer In Manufacturing Industry, Yamaha Ray Zr Mileage, Define Sardine Stone, Tteokbokki Chips Where To Buy, Juki Mo654de Review, A Modern Method For Guitar Scales Review, Tribolium Castaneum Larvae, Brother Cs6000i Near Me, Zoom H8 Recorder, Killing Moles In Winter, Teri Jhuki Nazar Lyrics In English, What Do Grackles Eat, Audio-technica At2020v Review, Does Fedex Deliver Heavy Packages Upstairs, Architectural Design Proposal Sample Pdf, Short Sermons On Psalms, Lithium Fluoride Ionic Bond, Noise Measurement Device, Audio Level Meter Windows 10, Birch Mattress Review Reddit, Polish Sausage And Sauerkraut, Apple Cider Vinegar With Manuka Honey Benefits, Company Size Classifications By Employees, Dna Testing Kits Paternity, What Is The Role Of Microorganisms In Soil Fertility, Numerical Methods Tata Mcgraw-hill Pdf,

Leave a Reply