Some unfortunate news to report for the retail sector as the department store chain will close a total of nine in California and Ohio, eight in Indiana and Florida, seven in New York, Georgia and Texas, six in Oklahoma, Kentucky, South Carolina and Tennessee.
“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 J.C. Penney.
“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.”
