J.C. Penney said last month that it is shrinking its store footprint and will, like other traditional retailers, focus on e-commerce as a way to improve its overall profitability.
Like other department stores, J.C. Penney Co.is hurting as more people shop online instead of heading to the mall. J.C. Penney said it will provide outplacement support for those who will lose their jobs.
In total, JC Penney will close seven Michigan-based stores likely in June as part of the plan, including at the West Shore Mall in Holland and Lakeview Square Mall in Battle Creek, according to a statement from the company.
JCPenney is working on relocation opportunities in the company for what its news release called "esteemed leaders". Only one store in Connecticut, at the Connecticut Post Mall in Milford, is on the to-be-closed list, which is embedded below. Now, we know which locations are closing.
The store closures will impact approximately 5,000 positions nationwide, the company announced.
According to the company, JCPenney, which sells apparel and home furnishings, will have more than 800 store locations employing about 100,000 people throughout the US after the store closures.
Sizing John A Golden First For Harrington
Victory for Bryony Frost in the Foxhunter Chase, immediately after the Gold Cup, marked another notable achievement for women in racing.
Most stores will begin the liquidation process April 17, according to the release.
The company says the closures are an effort to cut costs and grow sales at its strongest locations.
In January of this year, Sears Holding, the parent company of Sears and Kmart stores, announced a round of closings, but as with JCPenney, the Sears at Georgia Square escaped that fate.
In addition to the store at Boone Mall, the company plans to shut down stores at Eastridge Mall in Gastonia, Albemarle Crossing in Albermarle, Blue Ridge Mall in Hendersonville, Monroe Crossing Mall in Monroe and Becker Village Mall in Roanoke Rapids.
The Limited closed its remaining stores last month, and American Apparel, which filed for bankruptcy for a second time a year ago, is expected to close all its stores.