J.C. Penney is closing a new total of 18 more stores in May, bringing the total closures of the store to 174. The department store chain was one of the largest retailers to file for Chapter 11 bankruptcy protection when the pandemic hit. At that point, officials said in May 2020 that they planned to close about 29% of its 846 stores.
Since that point, 156 have closed down, and now we’ll have another 18 added to the list by mid-May. The chain did emerge from bankruptcy back in December, though, as it was acquired by mall owners Simon Property Group and Brookfield Asset Management Inc. Since closing more stores, what will this mean for the future of the chain?
“Our go-forward store count is 672. We have 18 stores that are scheduled to close to the public on May 16,” J.C. Penney says in a statement to USA TODAY. “There are no additional store closures planned at this time.” Check out the closure list below to see if your location will be affected.
RELATED: JC Penney Officially Files For Bankruptcy
The following 18 stores are slated to close May 16.
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