Published: Mon, March 20, 2017
Business | By Megan Pierce

JC Penney lists 138 stores closing; 5000 employees impacted

JC Penney lists 138 stores closing; 5000 employees impacted

The closures include eight stores each in Texas and Minnesota and seven stores a piece in Pennsylvania, Illinois and MI. Company officials said liquidations at the stores that are closing would begin around April 17.

J.C. Penney on Friday listed the 138 stores it is closing. There is one West Virginia store closing (Martinsburg), and seven in Pennsylvania.

Faced with increased competition from newly built stand alone stores and strip malls - including the Commons two miles away - general department stores such as Sears and J.C. Penney have seen declining sales.

All of Penney's stores in the Upper Peninsula - located in Houghton, Escanaba, Kingsford and Sault Ste.

The February statement from JC Penney followed similar announcements from Sears and Macy's.

Penney had announced last month that store closings would be part of its planned effort to refocus resources where its competitive position is stronger.

Cornett said the company plans to redevelop the mall into an "open air center".

Friday's action underscores the growing impact online retailers are having on brick-and-mortor retailers across the country. Eight will close in Minnesota and seven will be shut in both MI and Pennsylvania. In addition, the company is in the process of selling its supply chain facility in Buena Park.

Along with the listed stores, Penney noted plans to close one supply chain center in Florida and relocate another in California.

JCPenney will provide outplacement support services for eligible associates who will be leaving the company, according to the retailer.

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