JCPenney Cuts Ties with Eight Stores, Five More Than Previously Announced
Retail News
February 13, 2025
Updated: February 14, 2025, at 4:20 p.m. CST
JCPenney is streamlining its operations by closing eight stores in the coming months, five more than previously announced. The Plano-based retailer will shutter the stores, stretching from California to New Hampshire, by mid-year. None of the stores to be closed are located in Texas.
Store Closures
The company made the announcement in an email, stating, "Store evaluations and decisions are dynamic. We do not have plans to significantly reduce our store count, we can confirm that there are eight isolated store closures planned by mid-year."
Challenges in the Retail Industry
JCPenney, like many other retailers, is facing challenges as consumers shift their shopping preferences to new names and online options. In an effort to adapt, the company announced a merger with the company behind names such as Eddie Bauer and Aéropostale to create a new company called Catalyst Brands last month.
Unrelated to Merger
The store closures are unrelated to the tie-up, the company said. By mid-year, JCPenney will operate just under 650 stores nationwide. "Individual closures in specific markets happen from time to time due to expiring lease agreements, market changes or other factors," the company explained.
Retail Chains Closing Sites
Retail chains have been closing sites around the country amid the pressure. This week, Joann, the fabrics and crafts company, announced it was looking to close about 500 stores, including several in North Texas. Kohl’s and Macy’s have also announced closures that affect locations in the Dallas-Fort Worth area.
List of Closed Stores
The JCPenney stores slated to close by mid-year are:
- Newington, New Hampshire
- Denver
- San Bruno, California
- Near Pocatello, Idaho
- Asheville, North Carolina
- Annapolis, Maryland
- Charleston, West Virginia
- Topeka, Kansas
Conclusion
JCPenney’s decision to close eight stores is a strategic move to adapt to the changing retail landscape. As the company continues to evolve, it is likely to face further challenges and opportunities for growth.
FAQs
Q: Why is JCPenney closing eight stores?
A: JCPenney is closing eight stores due to expiring lease agreements, market changes, or other factors.
Q: Are any of the stores being closed in Texas?
A: No, none of the stores being closed are located in Texas.
Q: Is this related to the merger with Catalyst Brands?
A: No, the store closures are unrelated to the merger with Catalyst Brands.
Q: How many stores will JCPenney operate by mid-year?
A: JCPenney will operate just under 650 stores nationwide by mid-year.
