JC Penney closing 138 stories, including Athens, Marshall and Nacogdoches locations
Published 3:56 pm Friday, March 17, 2017
From Staff, Wire Reports
The Tyler location of JC Penney has been spared in the latest round of closures, though the stores in Athens, Marshall and Nacogdoches will be shut.
J.C. Penney on Friday listed the 138 locations it will shutter in the coming months as the retailer seeks to cut costs and improve its profitability.
Like other department stores, J.C. Penney Co. is hurting as more people shop online instead of heading to the mall. The closures are part of the company’s previously announced plans to focus on its best-performing stores.
Nine stores will close in Texas, the most of any state. Eight will close in Minnesota and seven will be shut in both Michigan and Pennsylvania.
Liquidation sales will start at the 138 stores next month, and most of them will be shut by mid-June.
The closings will leave J.C. Penney with a total of about 900 stores.
The announcement comes on the heels of other department store bankruptcies, including Tuesday’s announcement that Gordman’s will liquidate all its stores, including its location in The Village at Cumberland Park in Tyler.
The Tyler Radio Shack also will close.