[ad_1]
JCPenney, probably the most common American retailers, has been shuttering a few of its shops since 2024. Amid current adjustments within the economic system and general enterprise tendencies, consumers are questioning if JCPenney is closing down for good because of this. So, is the fan-favorite chain going out of enterprise?
According to a number of retailers, the division retailer introduced in June 2024 that they had been shutting down a number of of its 600 shops.
“Regretfully, we are unable to continue our current lease terms for these store locations and have been unable to find suitable locations in the market,” JCPenney mentioned on the time. “We are grateful to our dedicated associates and the loyal customers who have shopped at these locations throughout the years.”
Below, be taught every little thing we find out about JCPenney’s 2025 retailer closures.
Is JCPenney Closing?
No, regardless of current retailer closures, JCPenney just isn’t going out of enterprise. In its 2024 assertion, the retailer famous that they might “continue to work to make every dollar count for America’s diverse, working families and welcome them to shop at our other JCPenney stores in the area and at JCPenney.com.”
In February 2025, retailer closures in New Hampshire, Colorado, Idaho and extra states had been confirmed. In a press release obtained by The U.S. Sun, the corporate acknowledged the difficulties in shutting down a retailer.
“The decision to close a store is never an easy one, but isolated closures do happen from time to time due to expiring lease agreements, market changes or other factors,” JCPenney’s assertion learn. “While we do not have plans to significantly reduce our store count, we expect a handful of JCPenney stores to close by mid-year.”
How Many Stores Is JCPenney Closing?
There are greater than 600 whole JCPenney shops all through the U.S., a number of retailers reported. It’s nonetheless unclear what number of of them are closing down in whole, as JCPenney indicated in February 2025 that it anticipated to shutter “a handful” of them by the center of the 12 months.
On May 25, 2025, the retailer will shut seven of its shops throughout the U.S.: The Shops at Tanforan in San Bruno, California; The Shops At Northfield in Denver, Colorado; Pine Ridge Mall in Pocatello, Idaho; West Ridge Mall in Topeka, Kansas; Fox Run Mall in Newington, New Hampshire; Asheville Mall in Asheville, North Carolina; and Charleston Town Center in Charleston, West Virginia.
Why Is JCPenney Shutting Down Stores?
JCPenney filed for Chapter 11 chapter in 2020 and shut down about 200 of its retailer places, per Axios. The outlet reported that the retailer claimed its closures had been “”unrelated to the current Catalyst Brands merger,” referring to the 2025 merge with SPARC Group to create Catalyst Brands.
[ad_2]