In the coming weeks, there will be phases of store closing sales, which JCPenney expects will take 10 to 16 weeks to complete. A company spokeswoman confirmed to WBZ-TV that … How does the 10-year Treasury affect mortgage rates? Power Outages Affect Thousands In Massachusetts On Christmas, Tom Brady Shreds Lions En Route To One Of The Best Halves Of His Entire Career, Worcester Boy Who Went Missing On Christmas Morning Found Safe, Man Killed In East Boston Stabbing On Christmas Eve, 'Christmas Morning Tragedy Averted': State Police Stop Wrong-Way Driver On I-93, AG: Man Killed In Exchange Of Gunfire With NH State Trooper Was Armed With Rifle, Handgun, Peabody Petco Employees 'Shaken' After Theft Of $300 Ball Python, Mount Washington Could See 170 MPH Wind Gusts From Christmas Storm, Taunton Police Officer John Borges Dies Of Coronavirus On Christmas Eve, Fire Destroys Braintree Family's Home On Christmas Morning. JCPenney is closing even more stores in March of next year. “As part of our store optimization strategy that began in June with our financial restructuring, we have made the decision to close an additional 15 stores,” JCPenney stated. JCPenney still has locations in Peabody, Wareham, North Dartmouth, North Attleboro, Marlboro, Leominster, Holyoke and Hadley. "These stores will begin liquidation sales later this month and will close to the public in mid- to late March. J.C. Penney is closing even more stores in March of 2021. A department store that was once a staple in malls across the country may be shutting down its location nearest you. Since filing for Chapter 11 bankruptcy last spring, the retailer has shuttered more than 150 of its roughly 850 locations. In May, JCPenney became one of the largest retailers to file for bankruptcy protection during the coronavirus pandemic. JCPenney has confirmed that 154 stores will close this year. FOX Business' Daniella Genovese and Lucas Manfredi contributed to this report. JCPenny is closing down stores over the next couple of years as part of its Chapter 11 bankruptcy restructuring business plan. A company spokeswoman confirmed to WBZ-TV that its Sturbridge location will soon be shutting its doors. FAQ - Updated Privacy Policy. A company spokeswoman confirmed to WBZ-TV that its Sturbridge location will soon be shutting its doors. Kristin Bentz of KB Advisory Group argues Ross, TJ Maxx and Etsy will be coronavirus-era retail winners. JCPenney, which filed for bankruptcy in May, said it would have to close a significant number of its stores. The J.C. Penney store in Sequim, Wash., is also slated to be closed. (Paul Hennessy/SOPA Images/LightRocket via Getty Images). J.C. Penney is closing 154 stores — here's where they're located By Khristopher J. Brooks June 5, 2020 / 12:11 PM / MoneyWatch Bankrupt J.C. Penney plans to permanently shutter 154 stores … JCPenney’s website states: “Items purchased prior to the start of the liquidation sale may be returned or exchanged throughout the entire liquidation sale at closing stores.” Uncertainty Nelson said Sequim’s store has a dedicated following, as it is the only JCPenney on the North Olympic Peninsula. All rights reserved. More than 40 major retailers have declared bankruptcy and more than 11,000 store closures have been announced in 2020, according to a report from real estate data tracker CoStar. TJ Maxx, Ross will benefit from retailers going bankrupt: Retail watcher, Coronavirus propelled businesses into the future -- ready or not, Enhanced unemployment benefits set to expire this week, Elon Musk says taking Tesla private would be an 'impossible' task, Home insurance companies will reduce premiums if you have these smart devices, Today's mortgage refinance rates crawl upward | December 23, 2020, Today's mortgage rates don’t budge for nine straight days | December 23, 2020. Sales at stores open at least a year fell 5.6% in JCPenney's fiscal year, which ended February 1. Bankrupted J.C. Penney announced Thursday the list of the … The chain said the JC Penney location in Enterprise will close Spring 2021. The list of 138 stores … In June, JCPenney filed for bankruptcy protection and announced that it would close 192 stores across the country, including two in the Dallas area: the Timber Creek Crossing store in Dallas, and Music City Mall in Lewisville. JC Penney will close some of its locations as it comes out o bankruptcy. Latest Stories. This news comes shortly after filing for Chapter 11 bankruptcy protection in May, one day after it made an approximately $17 million interest payment on debt owed. Associated Press. This week, JCPenney filed a motion in court regarding the previously announced closure of 144 of its stores following its bankruptcy filing in May 2020; some of the stores listed in the filing have already closed.. Source: Supannee_Hickman / … Crew and the Neiman Marcus Group filed, and represented the … The store is the lone JCPenney in metro Detroit closing its doors as a part of the restructuring. Click here for a list of the new closures. https://www.foxbusiness.com/economy/jc-penney-closing-more-stores-in-2021 It survived the closure of 138 stores nationwide in 2017, but not the sale to the Simon Property Group and Brookfield Asset Management Inc., which was announced Monday. 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