UPDATE: Liquidation sales at these locations have been postponed until May 22 and store closures have been pushed back to July 31. The reason? People suddenly started shopping these stores again! More details here.
J.C. Penney has announced a list of the nearly 140 stores that are closing as the department store chain tries to better compete with online retailers.
In February, J.C. Penney revealed that it would shutter between 130 and 140 stores so it could ‘redirect capital resources to invest in locations and initiatives that offer the greatest revenue potential.’
Read more: These major retailers are closing stores in 2017
J.C. Penney confirms 138 store closings
On March 17, J.C. Penney released a .pdf file that lists the 138 impending store closures.
Look for the liquidation process to start at most affected stores on April 17.
After several weeks of discounts, doors will close on these locations in June for the last time ever.
One supply chain facility in Lakeland, Florida, is also shutting down in addition to the stores listed below.
Unfortunately, some 5,000 jobs will be cut from the company’s payroll as a result of these closures.
The company has said it will provide relocation opportunities within the company ‘for esteemed leaders.’ Outplacement support services will be available for those associates not staying on with the company in another location.
Here’s a list of the closures:
Read more: Nordstrom’s $95 ‘Clear Knee Mom Jeans’ have gone viral… and with good reason
Clark says don’t buy gift cards for these restaurants and retailers
Source: Why you don’t want to buy these gift cards by Clark on Rumble
