Popular Department Store Announces More Store Closings Across the U.S.
JCPenney is shifting its structure once again and will be shutting down a number of its stores across the country before the end of the month.
The department store chain which was originally founded in 1902 announced the upcoming closures in February, when a company spokesperson mentioned that a 'handful' of their locations were set to close in 2025. The number of stores was not specified in the original announcement, but according to a Tuesday, May 20 report by USA Today, that number is seven.
The multiple closures come five years after JCPenney filed for Chapter 11 bankruptcy protection in 2020, which resulted in more than 200 locations shutting down across the nation. In December of that same year, the department store was acquired by Simon Property Group and Brookfield Asset Management Inc.
Consumers took to X (formerly known as Twitter) to share their reactions to the news.
'The downfall of malls is so sad but they are so expensive for no reason,' wrote one user.
A second user noted, 'Oh no! I love JCPenney! I DO NOT want to order clothes online. I want to touch the fabric, assess how it looks on my body type, and try clothes on. Not everyone looks like a model!'
A third user warned, 'This'll be a grave mistake for the folks who love to shop online. Malls are a necessity.'
JCPenney announced a partnership with Forever 21 in January as part of a larger merger to form a new company called Catalyst Brands. Some of the brands included are Aéropostale, Nautica, Lucky Brand, Brooks Brothers, and Eddie Bauer. Catalyst Brands was set to hire 60,000 employees and open 1,800 new store locations. A spokesperson for the department store noted that the store closures are not related to or a result of the merger.
Brick-and-mortar JCPenney locations in California, Colorado, Idaho, Kansas, New Hampshire, North Carolina, and West Virginia are scheduled to close on Sunday, May 25.
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