In a press release from J.C. Penney corporate headquarters, the retailer announced the closure of 138 stores and two distribution facilities will be affected. The struggling company issued this statement today:
“As part of a continuing effort to advance sustainable growth and long-term profitability, J. C. Penney Company, Inc. will be closing 138 stores, one supply chain facility in Lakeland, Fla., and relocating one supply chain facility in Buena Park, Calif., to align the Company’s physical store footprint and omnichannel network. Approximately 5,000 positions nationwide will be impacted by the store closures, most of which will occur in June. JCPenney is in the process of identifying relocation opportunities within the Company for esteemed leaders. Additionally, JCPenney will provide outplacement support services for those eligible associates who will be leaving the Company. Most affected stores will begin the liquidation process on April 17.”
Seven locations in the state will be closing including; Bloomington, Canton, Effingham, Macomb, Peru, Sterling, and Woodrige.
The Carbondale, Mt. Vernon and Fairview Heights, as well as any St. Louis Metro locations will not be affected. Locations in Cape Girardeau, MO, Paducah KY, and Evansville, IN, were not affected either.
Here is a link stores that will close nationwide:
http://www.jcpnewsroom.com/news-releases/2017/assets/0317_list_of_store_closures.pdf
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