JCPenney's Struggles Coming out of Bankruptcy are Continuing as Additional Stores to Close this Month
By Connect-Bridgeport Staff on April 12, 2021 via Connect-Bridgeport.com
Editor's Note: Although the Meadowbrook Mall JCPenney location is not closing in the latest round of closures by the retail giant as it continues its emergency from bankruptcy, the retailer is still showing signs of struggle as additional stores have been added to a list of 15 set to close last month will now close this month with a trio of store added.
According to USA Today, JCPenney has delayed the closings of 15 stores that were scheduled to shutter in March and added three locations to its closure list.
The department store chain was one of the largest retailers to file for Chapter 11 bankruptcy protection during the COVID-19 pandemic and officials said in May 2020 that they planned to close about 29% of its 846 stores or 242 locations.
Since then 156 stores have permanently closed and in December emerged from bankruptcy after being acquired by mall owners Simon Property Group and Brookfield Asset Management Inc.
Now, a total of 18 stores are scheduled to close in mid-May bringing the closures to 174.
Click HERE to read the story and scroll down to see the list of closures.
