JC Penney will close Boulevard Mall location in Las Vegas

Ruben Hill
April 1, 2017

J.C. Penney has identified the 138 stores it plans to close this year and the list doesn't include the store at Park City Center.

The closings represent 13 to 14 percent of company's current store portfolio and less than 5 percent of total sales, Plano, Texas-based J.C. Penney said in February in announcing its reorganization plan.

J C Penney Company Inc (NYSE:JCP) announced a series of JCPenney store closings that will leave thousands of its employees without a job. There is one West Virginia store closing (Martinsburg), and seven in Pennsylvania.

In Florida, only two J.C. Penney stores will close: the Jacksonville Regional Shopping Center store and the Palatka Mall store.

KAREN VIBERT-KENNEDY/Sun-Gazette The JCPenney store at Lycoming Mall prepares to close permanently with sales.

The liquidation process is scheduled to start on April 17.

The company said that the rise of online retails has made it hard to compete. Elsewhere in North Carolina, J.C. Penney is closing its stores in Albemarle, Boone, Hendersonville and Roanoke Rapids.

Other brick-and-mortar retailers have made similar moves to pare down their number of stores, including Macy's and Sears.

Approximately 5,000 employees will be affected by the closures, which span 41 states.

Avila said the retailer is looking to retain at least some of the workers at the affected stores.

JCPenney said it will provide outplacement support services for eligible associates who will be leaving the company.

The closures leave four stores in the area: Montgomery Mall, Oxford Valley Mall, Deptford Mall and Cherry Hill Mall.

Other reports by Click Lancashire

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