J.C. Penney Co. closing up to 140 stores. No word if Valley locations are on list

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No word yet on Petoskey site’s future, manager says. PLANO, Texas – As part of an effort to refocus resources where its competitive position is stronger, department store chain J.C. Penney today, Friday, announced a plan that includes closing about 130-140 stores and offering a voluntary early retirement program for roughly 6,000 employees. In.

Over 100 JCPenney stores to close In San Diego, Fashion Valley. anchor stores cater to the middle and lower rungs of the middle class and are therefore doing poorly. Among the ailing store chains are Sears, Kmart, Macy’s, and.

J.C. Penney closing up to 140 stores. The closures will represent about 14 percent of J.C. Penney’s total store portfolio, but less than 5 percent of total annual sales, officials said. The chain has eight locations in the St. Louis metro area.

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J.C. Penney (JCP) plans to close 130 to 140 stores and offer buyouts to 6,000 workers as the department-store industry sags in competition with online sellers and nimble niche retailers.

To plan your shopping spree down to the minute, here are the store hours for major retailers. You can get some real steals. Don’t forget you can get plenty of good deals online, too. Swipe through the.

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J.C. Penney closing up to 140 stores, but Austin impact unclear. The Plano-based company said Feb. 24 that it would shutter two distribution facilities – one in Florida and another one in California – and between 130 and 140 stores over the next few months. There are five locations in the Austin area: Barton creek square mall, 2901 S Capital of Texas Hwy.

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