JC Penney staying in Central Mall

Mar 18, 2017, 00:54
JC Penney staying in Central Mall

Although its physical stores remain an essential component of J.C. Penney's brand and a "destination" for shoppers, closing some less-profitable locations will better position the company to compete with the "growing threat" of online retailers, according to a February 24 press release.

The company continues to operate about 900 stores nationwide and had about 105,000 full and part-time employees past year. Today the company released the list of specific store closures - all the way from Washington state, to Texas, to Florida. The Kemmerer store was JC Penny's very first store.

Marinette's store in the Pine Tree Mall, Marshfield's store in the Marshfield Mall, Richland Center's Richland Square Shopping Center and Wisconsin Rapids' store in the Rapids Mall will all shut their doors.

J.C. Penney Co.is closing its store in Easton as a part of a companywide plan to "optimize its national retail operations", the company announced Friday in a press release. The company will offer outplacement support services for eligible associates leaving the company. Macy's and Sears - both competitors of J.C. Penney - also announced significant closures within the last 18 months, including departures from the Shenango Valley Mall.

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The Lanesborough store is among the 138 outlets the chain will be closing nationwide.

When the list of the 138 stores to be closed came out Friday morning, no Kentucky JCPenney store was on it.

Approximately 5,000 positions nationwide will be impacted by the store closures, most of which will occur in June.

Other retailers that have recently announced they are going out of business in include The Limited, Vanity and Family Christian Stores. Five stores in Georgia are on the list, in Dublin, Macon, Milledgeville, Thomasville and Tifton. The chain has struggled in recent years as consumers have turned to shopping online, as have many other major retailers.