JCPenney set to close 154 stores in "first phase" of bankruptcy

Talk 1370 Newsroom
June 04, 2020 - 9:51 pm
JCPenney store front

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PLANO, Texas (Talk1370.com) -- JCPenney says it will begin the process of closing 154 of its stores next week, less than a month after filing for bankruptcy protection.

The Plano-based retailer currently operates 846 stores nationwide, a third of which it says it plans to close over the next two years as a part of its bankruptcy reorganization.

"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."

The company has six stores in the Austin area, none of which are impacted in this round of closures. 7 stores, primarily in North and East Texas, are affected by the closures.

A complete list of the store closures can be found on JCPenney's website.

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