Business & Tech
Full List of JC Penney Store Closings; Chain Cutting Jobs
The moves are expected to save the company $65 million a year.
JC Penney announced Wednesday that it is closing 33 "underperforming" stores and cutting 2,000 jobs as part of its turnaround efforts.
The full list of store closings is attached as a PDF above. There is one closure in Maryland and two in Virginia, according to the company's news release.
The closures and job cuts are expected to save the company about $65 million a year.
Remaining inventory in the affected stores will be sold over the next several months, with final closings expected to be complete by early May.
"As we continue to progress toward long-term profitable growth, it is necessary to re-examine the financial performance of our store portfolio and adjust our national footprint accordingly," Myron E. (Mike) Ullman, III, chief executive officer of JC Penney said in a prepared statement. "While it's always difficult to make a business decision that impacts our valued customers and associates, this important step addresses a strategic priority to improve the profitability of our stores and position J.C. Penney for future success."
LIST OF STORE CLOSINGS
- Selma, AL: Selma Mall
- Rancho Cucamonga, CA: Arrow Plaza
- Colorado Springs, CO: Chapel Hills Mall
- Meriden, CT: Meriden Square
- Leesburg, FL: Lake Square Mall
- Port Richey, FL: Gulf View Square
- Muscatine, IA: Muscatine Mall
- Bloomingdale, IL: Stratford Square Mall
- Forsyth, IL: Hickory Point Mall
- Marion, IN: Five Points Mall
- Warsaw, IN: Marketplace Shopping Center
- Salisbury, MD: The Centre at Salisbury
- Marquette, MI: Westwood Plaza
- Worthington, MN: Northland Mall
- Gautier, MS: Singing River Mall
- Natchez, MS: Natchez Mall
- Butte, MT: Butte Plaza Shopping Center
- Cut Bank, MT
- Kinston, NC: Vernon Park Mall
- Burlington, NJ: Burlington Center
- Phillipsburg, NJ: Phillipsburg Mall
- Wooster, OH: Wayne Towne Plaza
- Exton, PA: Exton Square Mall
- Hazleton, PA: LaurelMall
- Washington, PA: Washington Mall
- Chattanooga, TN: Northgate Mall
- Bristol, VA: Bristol Mall
- Norfolk, VA: Military Circle Mall
- Fond du Lac, WI: Forest Mall
- Janesville, WI: Janesville Mall
- Rhinelander, WI: Lincoln Plaza Center
- Rice Lake, WI: Cedar Mall
- Wausau, WI: Wausau Mall
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