Bankrupted J.C. Penney introduced Thursday the listing of the 154 shops it plans to shut this summer time, with retailer closing gross sales kicking off June 12.
It stated it’s going to announce further closures within the coming weeks.
This is the whole listing of the 154 areas set to shut, throughout greater than two dozen states. (Additionally see a full listing of addresses under.)
Penney stated it expects the shop closing gross sales to final anyplace from 10 to 16 weeks.
“Whereas closing shops is at all times a particularly troublesome determination, our retailer optimization technique is significant to making sure we emerge from each Chapter 11 and the COVID-19 pandemic as a stronger retailer with larger monetary flexibility to permit us to proceed serving our loyal clients for many years to come back,” Chief Govt Jill Soltau stated in an announcement.
Penney, like the numerous retailers deemed nonessential, was pressured to briefly shut its shops as a result of coronavirus pandemic, pushing it over the brink as its gross sales took an infinite hit and its…