Fashion

JC Penny says it plans to close six stores this year


The retail climate is not ideal for department stores at the
moment. JC Penny today announced plans to close six stores by April of
this year. The retailer currently operates around 850 stores
throughout the U.S. and Puerto Rico, after having closed 37 stores in
2019.

JC Penny has experienced poor sales recently, with its holiday
same-store sales dropping by 7.5 percent for the 2019 holiday season.
The upcoming store closures are part of a turnaround plan to return to
profitable sales growth, CNBC reported.

In a statement, JC Penny said that the following stores would close
by April 24: Chapel Hill Mall in Akron, OH, North Hills Shopping
Center in Raleigh, NC, Tulsa Promenade in Tulsa, OK, Green Acres Mall
in Valley Stream, NY, Southgate Mall in Missoula, MY and Myrtle Beach
Mall in Myrtle Beach, SC.



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