JCPenney announced its bankruptcy in mid-May, around the same time another retailer, Pier 1 Imports, announced it would close all locations. And for more on surprising pandemic closures, check out This Beloved Pet Store Is Closing All U.S. JCPenney Store Closings. J.C. Penney on Thursday revealed its initial list of proposed stores to be closed permanently as the company tries to stabilize its finances under Chapter 11 bankruptcy protection, including six in Oklahoma. JCPenney Closing 154 Stores, Including 5 In Illinois - Across Illinois, IL - The company said the closings are part of its "store optimization strategy." Following entry of order at June 11, 2020, hearing with the U.S. Bankruptcy Court for the Southern District of Texas, in Corpus Christi, Texas, store closing sales will begin at 154 locations. The JCPenney department store at University Mall in South Burlington on Tuesday, June 9, 2020. The other Colorado department stores set to close are in Greeley, Montrose and Durango. Closing stores typically continue to sell extended warranties. Locations. JCPenney has already announced 27 store closings this year, and predicts it will shutter more locations in 2020 and beyond. JC Penney is closing 13 more stores. JCPenney said it "intends to reduce its store footprint and focus resources on its strongest stores and powerful eCommerce … JCPenney Closing 154 Stores, Including 8 In California - Across California, CA - The company said the closings are part of its "store optimization strategy." Both companies cited the coronavirus pandemic among reasons for the closings. In May, J.C. Penney filed for chapter 11 bankruptcy protection and this round of 13 stores closing comes after the 136 stores that have already started going out of business sales. The … J.C. Penney Co. Inc ... A complete list of the store closings can be found here. Store-closing sales for the first round of closures are expected to take 10 to 16 weeks to complete, the 118-year-old Penney DE:JCP US:JCPNQ said. Closing stores and laying off employees is only pimping financial metrics. Share All sharing options for: JCPenney to close 154 stores. The year's closures include Zara, Macy's, and Men's Wearhouse. Read on for more news about the stores JCPenney is closing, ... With schools shuttered, the company saw a 23 percent reduction in net sales for Oct. 2020, compared with the same month in 2019. Modell's: 153 stores Listed In; Shopping News; Image: Getty. FILE - In this May 8, 2020, file photo, a J.C. Penney store sits closed in Roseville, Mich. Penney shares, which trade under $1, were down more than 5% Tuesday afternoon. The Fort Collins store is located in midtown at 135 Bockman … 2020 saw a rash of retail store closings and bankruptcies, and 2021 looks like that trend will continue. JCPenney. In May, JCPenney filed for bankruptcy. Macy's earlier this month confirmed it would be closing nearly 30 stores in 2020. Officer says racism at US-Canada border happens daily . JC Penney will close more than 150 stores in the U.S. this upcoming summer as it files for bankruptcy and deals with rumors of an Amazon buyout. The retailers’ locations in Berlin and Bennington are set to close. PHOENIX — Update (Sept. 16, 2020): The three Arizona locations will close on Sunday, Oct. 18, according to a spokesperson for JCPenney's corporate communications department. JCPenney was among the stores that stayed closed when the Arden Fair Mall reopened in Sacramento, Calif., Friday, May 29, 2020. The coronavirus pandemic has pushed troubled department store … Closing sales are expected to begin on June 12, 2020. The release did not confirm exactly when the stores will close, but indicated that liquidation sales are expected to begin June 12. Go often: If you have your heart set on an item, swing by the store weekly. Offers.com is supported by savers like you. Learn More. With sluggish consumer demand and fierce competition in the retail market, JCP has nowhere to go but down. They've recently announced plans to close a total of 200 stores by the end of this year. Reddit; Pocket; Email; Linkedin; This is a sign on a JC Penney store in Beaver, Pa., Tuesday, May 12, 2020. More JCPenney Stores Closing, 9 In Florida To Shut Down - Bradenton, FL - Bankrupt retailer JCPenney is shuttering 154 stores across the country, including 9 in Florida. Find out which stores could be closing near you. Here’s the full list. “While closing stores is … JCPenney Closing Another 13 Stores, Including 1 In Maryland By Chris Isidore, CNN Business June 23, 2020 at 12:10 pm Filed Under: Business , Consumer News , Hyattsville , JCPenney , … When you buy through links on our site, we may earn an affiliate commission. A JCPenney mall store in Sacramento, Calif., on May 29, 2020. Tag team with … JCPenney announced on June 4 that 154 stores will be closed. Check whether your local JC Penney store will close in 2019. JCPenney is closing more stores due to declining sales, causing financial experts to wonder if they'll go out of business. Prior to the new rounds of closings, JCPenney had closed six stores in 2020 in Montana, North Carolina, New York, Ohio, Oklahoma, and South Carolina. JCPenney, along with other department store chains, shut all stores in mid-March. Jun 5, 2020. J. C. Penney Co. Inc. is permanently closing 154 stores across the nation as part of its bankruptcy plan including two Utah stores. 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. JCPenney’s release says store closing sales for the first round of store closures are expected to take 10-16 weeks to complete. by Steven Abrams April 12, 2021 . JCPenney is permanently closing 154 stores across 20 states this summer as part of its bankruptcy plan. Wisconsin JCPenney Store On Mass-Closing List Scott Anderson 6/5/2020. The store-closing list of 2020 is vast thanks to COVID-19 and a reliance on online shopping. All three stores … Lord & Taylor will close two more stores in 2020 after closing its flagship store in New York City in 2019. 2 More Illinois Retailers Closing Stores. You can view the full list of JCPenney stores that are closing here. As part of its financial restructuring, the clothing and home retailer is closing these stores. 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