More Store Closures From JC Penney By 2021: Is Your Location On The List?
12/18/20 AT 7:49 AM Signage is displayed at the entrance of a JC Penney department store inside the Manhattan Mall on May 15, 2017, in New York City. Photo: Drew Angerer/Getty Images
More store closings are on the horizon for JC Penny despite emerging from bankruptcy under the new ownership of mall owners Simon Property Group and Brookfield Asset Management Inc.
The department store retailer will close 15 more stores by the end of March 2021 after shuttering more than 150 locations since it filed bankruptcy in May, USA Today reported.
JC Penney entered a turnaround plan under the leadership of CEO Jill Soltau back in August 2019, but it wasn’t enough to save the retailer from its financial woes. The company’s lagging sales coupled with mounting debt was only further compounded by temporary store shutdowns during the coronavirus pandemic, which eventually forced it into Chapter 11.
JC Penney says it will close 3rd Idaho store. Which stores are affected, which arenât
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BOISE (Idaho Statesman) J.C. Penney has closed two stores in Idaho since filing for bankruptcy last spring, and now it plans a third closure.
The clothing, bedding and home-decor retailer says it will close its store in Coeur dâAleneâs Silverlake Mall in spring 2021. It already has closed two North Idaho stores, one in Lewiston at the Lewiston Shopping Center and one in Ponderay in the Bonner Mall.
The two Treasure Valley stores remain open. They are at the Boise Towne Square mall and the Nampa Gateway Center at 1200 N. Happy Valley Road. Stores in Twin Fallsâ Magic Valley Mall, Idaho Fallsâ Grand Teton Mall and Pocatelloâs Pine Ridge Mall remain open too.
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