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JC Penny to shut six stores by end of April

J.C Penny are to close in the following locations: Chapel Hill Mall in Akron, Ohio; North Hills Shopping Center in Raleigh, North Carlona; Tulsa Promenade in Tulsa, Oklahoma, Green Acres Mall in Valley Stream, New York, Southgate Mall in Missoula, Montana and Myrtle Beach Mall in Myrtle Beach, South Carolina. All of the stores are set to close on 24, 2020.

‘Decision is the result of a careful and ongoing review of our store portfolio, further explaining, it’s never easy to close a store, however, we feel this is a necessary business decision.’
 
J.C. Penney currently operates around 850 locations, Last year the retailer announced the closures of 18 department stores and nine furniture stores. The company reported a 7.5% decline in its comparable-store sales over the holiday period.

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