Last Friday, JCPenney became the latest U.S. retailer to file for bankruptcy. J.C. Penney Co. said late Thursday it will be closing 154 stores in the near future as part of its “store optimization strategy” after filing for bankruptcy protection last month.. J.C. Penney reopens 27 stores across Southern…, Click to share on Facebook (Opens in new window), Click to share on Twitter (Opens in new window), Click to share on Reddit (Opens in new window), Click to email this to a friend (Opens in new window), J.C. Penney reopens 27 stores across Southern California, Pandemic? JCPenney plans to close nearly 200 stores this year and an additional 50 stores next year as it seeks to use bankruptcy to turn around its business. In mid-May, JC Penney announced it will close down more than 240 locations. JCPenney Closing Another 13 Stores, Including 1 In Maryland By Chris Isidore, CNN Business June 23, 2020 at 12:10 pm Filed Under: Business , Consumer News , Hyattsville , JCPenney , … As JC Penny undergoes a turnaround plan, the company said it was closing six stores in 2020 that will shut their doors on April 24. Gowen joined The Orange County Register in October 2000, arriving from South Florida just days before the presidential election imploded. As part of its first phase of financial restructuring, the clothing and home retailer announced it's closing these stores across the country. AP Photo/David Zalubowski JCPenney, which filed for bankruptcy in May, said it would have to close a significant number of its stores. STURBRIDGE (CBS) –JCPenney is closing more stores in the coming months, including one in Massachusetts. In May, JCPenney filed for bankruptcy. Post was not sent - check your email addresses! JCPenney Store Closings. The vitamins and supplements retailer has filed for Chapter 11 bankruptcy and says it will close 800 to 1,200 of its stores. J.C. Penney announced the 13 locations, which include two in New York and one in California. SAN BRUNO, CALIFORNIA – MAY 15: A view of a temporarily closed JCPenney store at The Shops at Tanforan Mall on May 15, 2020 in San Bruno, California. Lucky's Market Closing All But One Florida Store. CALIFORNIA — Weeks after filing for bankruptcy, JCPenney has announced it will close 154 locations nationwide, including eight stores in California. Stores closing in 2020: Up to 1,200. The news came Thursday as the company said the closings are part of its "store optimization strategy." Penney shares, which trade under $1, were down more than 5% Tuesday afternoon. Politics? Macy's earlier this month confirmed it would be closing nearly 30 stores in 2020. JCPenney has already announced 27 store closings this year, and predicts it will shutter more locations in 2020 and beyond. Following a comprehensive review of the JCPenney retail footprint, we announced several phases of store closures in 2020, part of our store optimization strategy that began in June and included plans to close up to 200 stores throughout our financial restructuring. A new normal for reopening retailers 04:08. Penney’s also is offering exclusive shopping hours for at-risk customers on Wednesdays and Fridays from 11 a.m. to noon. The company initially announced that it would be closing 154 stores in the initial phase of closures. In February, the company announced that 130-140 store closures would be … As part of its financial restructuring, it plans to close about 30 percent of its stores. A record 9,300-plus store closings were announced in 2019, and that number could be even higher in 2020, according to a report by Business Insider. NEW YORK — On Friday, JCPenney announced the locations of 138 stores that are closing. The company said it would close 29% of its 846 stores, which included 242 total spots. J.C. Penney store closings 2020. Sears . JCPenney has released a list of 154 stores poised to close permanently through the retail giant's Chapter 11 bankruptcy restructuring plan. California consumer confidence drop to 8-year low, Last-minute shoppers avoid stores, hit websites — and deliveries are piling up, COVID-19 fallout: Holidays could make or break struggling stores, Status Update: Christmas tree auction raises $60,000 for arts nonprofits, Apple temporarily closes all California, London stores as pandemic worsens, Online shopping is booming amid coronavirus, Orange County homebuying has busiest November in 15 years, When the deal is done, consider a legacy letter for the new homeowners, Rent this Crystal Cove house for $175K a month, and bring your EVs, it would close 154 stores in the next two to three months, Diligent cleaning of the store throughout the day and every night, Social distancing procedures in place, with reminders throughout the store, Extended return policy and a longer time window to use customer rewards. Kohl's Stores Closing 18 Locations, Half in California - Dixon, CA - The department store announced Friday that it will close under-producing stores in the coming months. The JCPenney closings for 2020 have the company adding 154 stores to the list. PLANO, Texas — JCPenney plans to close nearly 200 stores this year and an additional 50 stores next year as it seeks to use bankruptcy to turn around its business. 17 Aug 2020 More than 8,300 stores are closing in 2020 as the retail apocalypse drags on. 242 More JCPenney Stores Closing in 2020-2021 JCPenney is reducing its footprint by 30% By William White , InvestorPlace Writer May 19, 2020, 2:36 pm EST May 19, 2020 Here, a complete list of the stores where sales will begin this summer. Macy's earlier this month confirmed it would be closing nearly 30 stores in 2020. The 242 store closures – 192 of which will occur February 2021 – represent 29 percent of the retailer's 846 stores, CBS News reported. “We want to ensure everyone is safe and feels comfortable as we continue to provide an engaging shopping experience.”. At-risk customers include senior citizens, expectant mothers and those with underlying health concerns. JCPenney is closing more stores due to declining sales, causing financial experts to wonder if they'll go out of business. His description of the encounter? CLICK HERE TO TURN ON NOTIFICATIONS. Here are the first 154 J.C. Penney stores that are permanently closing. That means, 29% of the retailer's 846 stores (242 stores) will close by the end of 2021. PUBLISHED: June 12, 2020 at 12:25 p.m. | UPDATED: June 12, 2020 at 1:14 p.m. Original projections suggested 192 stores would close in 2020 with the rest coming next year. Which Jcpenney Stores Are Closing In 2020 In California: JCPenney plans to close nearly 200 stores this year and an additional 50 stores next year as it seeks to use Updated 2:51 PM ET, Mon May 18, 2020. We invite you to use our commenting platform to engage in insightful conversations about issues in our community. Here is a list of JCPenney's California locations slated for closure: Chino-Rancho Del Chino Shopping Center ( 14659 Ramona Ave., Chino) Delano-JCPenney ( 1228 Main St., Delano) Check whether your local JC Penney store will close in 2019. On June 4, the company announced it would close 154 stores in the next two to three months, including two in the Inland Empire as it restructures its finances. You can't help it when it's your 3-year-old laying there.". AP Photo/David Zalubowski JCPenney, which filed for bankruptcy in May, said it would have to close a significant number of its stores. The local closures include stores at the Rancho Del Chino Shopping Center in Chino and the Inland Center in San Bernardino. All three stores … (Remember hanging chads?) Two words: (NEXSTAR) - If you're having trouble getting your hands on a PS5, perhaps you should consider springing for the greasiest gaming console likely to hit the market: the KFConsole. JCPenney is set to close 136 stores as part of its bankruptcy plan. The end is near for about one out of every six JCPenney stores. The release added, “Store closing sales for the first round of store closures are expected to take 10-16 weeks to complete.” In all, JCPenney is closing nine stores they are: Desoto Square Mall Despite its bankruptcy reorganization and two area store closures to come, J.C. Penney Co. has reopened 27 stores across Southern California. These locations are set to close in the next 10 weeks to 16 weeks. Samantha Gowen is the business editor for the Southern California News Group. 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