JCPenney shutting down 154 stores after coronavirus-driven bankruptcy

Nearly three weeks after JCPenney filed for Chapter 11 bankruptcy, the company has announced it will close down 154 stores nationwide in 38 states as a first step in reorganizing the business.

AMAZON, J.C. PENNEY IN TALKS: REPORT

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“While closing stores is always an extremely difficult decision, our store optimization strategy is vital to ensuring we emerge from both Chapter 11 and the COVID-19 pandemic as a stronger retailer with greater financial flexibility to allow us to continue serving our loyal customers for decades to come,” said JCPenney CEO Jill Soltau in a company statement. “We will remain one of the nation’s largest apparel and home retailers as we continue to operate a majority of our stores and our flagship store, jcp.com, to ensure our valued customers continue to have access to the products and brands they need and want.”

Store-closing sales will take place at the 154 different locations per orders from the U.S. Bankruptcy Court for the Southern District of Texas. The stores will adhere to CDC-recommended coronavirus guidelines in addition to state and local mandates to ensure customers and store employees remain safe from the respiratory illness.

J.C. PENNEY FILES FOR BANKRUPTCY AS CORONAVIRUS PUSHES RETAILER OVER EDGE

The 118-year-old department store chain expects to announce additional store closures and related sales in the coming weeks, the statement said. Moreover, the company suggests the first round of store closures will take 10 to 16 weeks to complete.

Shuttering stores is JCPenney’s strategy for survival at this point in time. The company’s “Plan for Renewal” is focused on its high-performing stores and e-commerce to get it back on track, which means sacrificing its store footprint in locations that aren’t doing as well.

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In mid-May, JCPenney inked a restructuring deal with its creditors – who reportedly hold approximately 70 percent of the department chain’s first-lien debt – to protect the company.

More recently, nearly 500 JCPenney stores have reopened after local governments throughout the country began easing coronavirus lockdown measures.

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Closing JCPenney stores

Alabama

• Covington Mall
• Regency Square
• Jackson Square
• Spanish Fort Town Center  

Arizona

• Little Creek Center
• Christown Spectrum
• El Con Shopping Center

Arkansas

• Independence Center
• Conway Town Center
• Mellor Park Mall
• The Fashion Center

California

• Rancho Del Chino Shopping Center
• JCPenney
• San Luis Plaza
• Woodland Plaza
• Inland Center
• West Valley Mall
• Country Side Plaza
• Yreka Junction Mall

Colorado

• Durango Mall
• JCPenney
• Greeley Mall
• River Landing Shopping Center

Connecticut

• Torrington Commons

Florida

• Desoto Square Mall
• Coralwood Shopping Center
• Gulf Coast Town Center
• Regency Square Mall
• Eagle Ridge Mall
• Santa Rosa Shopping Center
• Orlando Fashion Square
• Lakeshore Mall
• Westshore Plaza

Georgia

• Georgia Square
• Northlake Mall
• Arbor Place Mall
• Lakeshore Mall
• Mount Berry Mall
• Statesboro Mall
• Hatcher Point Mall

Idaho

• Lewiston Shopping Center
• Bonner Mall

Illinois

• Northfield Square
• River Oaks Shopping Center
• University Mall
• Freeport Mall
• Times Square Mall

Indiana

• Bedford Town Fair
• Concord Mall
• NW Pavilon @ Michigan Road
• Kokomo Mall
• River Point Mall
• Muncie Mall
• Pilgrim Place Mall
• Richmond Square
• Vincennes Plaza

Iowa

• JCPenney
• Marshalltown Mall

Kansas

• Flint Hills Village
• Liberal Plaza
• Central Mall

Kentucky

• Green River Plaza
• Danville Manor Shopping Center
• Bradford Square
• Market Square
• Middlesboro Mall
• Town Square Mall

Louisiana

• Acadiana Mall
• Lakeside Shopping Center
• Regal Court Shopping Center

Maryland

• Boulevard @ Box Hill
• Woodmore Towne Center
• Country Club Mall

Michigan

• Alpena Mall
• Cadillac Shopping Center
• JCPenney

Minnesota

• Riverdale Village
• Eden Prairie Center
• Grove Square Shopping Center
• Kandi Mall

Mississippi

• Sawmill Square Mall
• Starkville Crossing

Missouri

• Bolger Square
• Kirksville Shopping Center

Montana

• Gallatin Valley Mall

Nebraska

• Conestoga Mall

New Hampshire

• West Street Shopping Center
• Mountain Valley Mall
• Lilac Mall
• Upper Valley Plaza

New Mexico

• White Sands Mall

New York

• Finger Lakes Mall
• Batavia City Centre
• Roseland Shopping Center
• Sangertown Square Mall
• Oswego Plaza
• Freedom Mall
• Destiny USA

North Carolina

• Henderson Square
• Briggs Park Shopping Center
• Twin Rivers Mall
• North Hills Shopping Center
• Richmond Plaza

Ohio

• Chapel Hill Mall
• Tri County Plaza
• Carnation Mall
• Ashtabula Mall
• Governors Plaza
• Northtowne Mall
• Summit Square Shopping Center
• The Shoppes At Parma
• Miami Valley Mall

Oklahoma

• Oakwood Mall
• Tandy Town Shopping Center
• Town Center Plaza
• Arrowhead Mall
• Shawnee Mall
• Tulsa Promenade

Oregon

• Cascade Valliage
• McMinniville Plaza
• Garden Valley Mall
• Salem Center

Pennsylvania

• Clearview Mall
• North Hanover Mall
• Beaver Valley Mall
• Monroeville Mall
• Galleria @ Pittsburgh Mills

South Carolina

• Anderson Mall
• Cross Creek Mall
• Magnolia Mall
• Myrtle Beach Mall
• Prince of Orange Mall
• Rock Hill Galleria

South Dakota

• University Mall

Tennessee

• Bradley Square
• Columbia Mall
• Dyersburg Mall
• Kingsport Town Center
• Foothills Mall
• Three Star Mall

Texas

• Timber Creek Crossing
• Crossroads Mall
• West Hills Mall
• Music City Mall
• Lufkin Shopping Center
• Palestine Mall
• Mirabeau Square

Utah

• Layton Hills Mall
• Cache Valley Mall

Vermont

• Bennington Square
• Berlin Mall

Virginia

• Danville Mall
• Colonial Mall

Wisconsin

• Crossroads Shopping Center