JCPenney to shutter 154 locations, additional closures expected

JCPenney to shutter 154 locations, additional closures expected
Posted at 7:28 PM, Jun 04, 2020
and last updated 2020-06-04 20:14:49-04

JCPenney announced it plans on closing 154 locations nationwide this summer, with additional closures expected to be announced in the coming weeks.

The company has been hemorrhaging locations in recent years as shifts in consumer habits have led customers away from legacy retailers such as JCPenney. Stores closing due to the COVID-19 have hastened the demise for companies like JCPenney.

The affected stores will begin store closing sales on June 12. It will take 10 to 16 weeks to close the 154 stores.

The loss of 154 locations will reduce the company’s footprint down from 850 stores nationwide. The 154 locations are spread over 38 states.

“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 Jill Soltau, chief executive officer of JCPenney.

“I am incredibly grateful to our talented associates for their ongoing dedication and their passion for meeting and exceeding our customers’ expectations during this difficult and uncertain time. All impacted associates will be treated with the utmost consideration and respect.”

List of locations to close in Florida:

Desoto Square Mall
303 301 Blvd W, Ste 701
Bradenton, FL 34205

Coralwood Shopping Center
2301 Del Prado Blvd, Ste 700
Cape Coral, FL 33990

Gulf Coast Town Center
10083 Gulf Center Dr
Fort Myers, FL 33913

Regency Square Mall
9501 Arlington Expy, Ste 105
Jacksonville, FL 32225

Eagle Ridge Mall
501 Eagle Ridge Dr
Lake Wales, FL 33859

Santa Rosa Shopping Center
300 Mary Esther Blvd
Mary Esther, FL 32569

Orlando Fashion Square
3115 E Colonial Dr
Orlando, FL 32803

Lakeshore Mall
901 US 27 N, Ste 150
Sebring, FL 33870

Westshore Plaza
201 Westshore Plaza
Tampa, FL 33609

To see the impacted locations, click here.