7 JCPenney locations closing this month: See the full list of stores
Seven JCPenney stores that were put on the chopping block earlier this year will officially shutter at the end of this month, the company has confirmed.
Seven JCPenney stores that were put on the chopping block earlier this year will officially shutter at the end of this month, the company has confirmed. An eighth location that was set to close will now stay open through at least August.
The closures were initially announced in February, five years after the retailer filed for Chapter 11 bankruptcy and one month after JCPenney announced it had partnered with the owner of Forever 21 to create a new company called Catalyst Brands. Forever 21 has since shuttered all of its 540 locations.
A Catalyst Brands spokesperson told USA Today that the umbrella company is “optimizing” its structure, resulting in the cut of about 9% of its corporate roles and the closure of seven JCPenney stores on or before May 25. While specifics were not provided, a JCPenney spokesperson previously told the publication that individual store closures may occur due to “expiring lease agreements, market changes or other factors.”
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