Skip to main content
Report this ad

See also:

J.C. Penney store closings: List of 33 store locations

J.C. Penney to close 33 stores this year
J.C. Penney to close 33 stores this year
Getty images/ Scott Olson

J.C. Penney store closings will hit 33 of its stores and have an effect on 2,000 jobs according to an announcement by the retailer on Wednesday. The move is an effort for J.C. Penney to curtail financial losses, according to a CNN report on Wednesday.

The report says that the 33 store closings will be completed by the beginning of May of this year. The measure is projected to save J.C. Penney $65 million annually.

Mike Ullman, the CEO of J.C. Penney, said that while it’s always difficult to make a business decision that impacts valued customers and associates, the closings is an important step in addressing a strategic priority to improve the profitability of the stores and positions J.C. Penney for future success.

Regarding J.C. Penney’s stock positions, it has been a very discouraging year for the company. The firm’s stocks have fallen over 60 percent in the past year. The firm has been losing hundreds of millions of dollars per quarter according to the report.

The stores in the following city locations are being closed:

  • Selma, Alabama (Selma Mall)
  • Rancho Cucamonga, California (Arrow Plaza)
  • Colorado Springs, Colorado (Chapel Hills Mall)
  • Meriden, Connecticut (Meriden Square)
  • Leesburg, Florida (Lake Square Mall)
  • Port Richey, Florida (Gulf View Square)
  • Muscatine, Iowa (Muscatine Mall)
  • Bloomingdale, Illinois (Stratford Square Mall)
  • Forsyth, Illinois (Hickory Point Mall)
  • Marion, Indiana (Five Points Mall)
  • Warsaw, Indiana (Marketplace Shopping Center)
  • Salisbury, Maryland (The Centre at Salisbury)
  • Marquette, Michigan (Westwood Plaza)
  • Worthington, Minnesota (Northland Mall)
  • Gautier, Mississippi (Singing River Mall)
  • Natchez, Mississippi (Natchez Mall)
  • Butte, Montana, (Butte Plaza Shopping Center)
  • Cut Bank, Montana
  • Kinston, North Carolina (Vernon Park Mall)
  • Burlington, New Jersey (Burlington Center)
  • Phillipsburg, New Jersey (Phillipsburg Mall)
  • Wooster, Ohio (Wayne Towne Plaza)
  • Exton, Pennsylvania (Exton Square Mall)
  • Hazleton, Pennsylvania (Laurel Mall)
  • Washington, Pennsylvania (Washington Mall)
  • Chattanooga, Tennessee (Northgate Mall)
  • Bristol, Virginia (Bristol Mall)
  • Norfolk, Virginia (Military Circle Mall)
  • Fond Du Lac, Wisconsin (Forest Mall)
  • Janesville, Wisconsin (Janesville Mall)
  • Rhinelander, Wisconsin (Lincoln Plaza Center)
  • Rice Lake, Wisconsin (Cedar Mall)
  • Wausau, Wisconsin (Wausau Mall)
Report this ad