One South Jersey JC Penney's to close

Henrietta Brewer
March 19, 2017

Last month, J.C. Penney Company Inc. announced plans to close 130-140 stores over the next few months, along with two distribution facilities.

Retailer JC Penney has announced which stores they intend to close, and the list includes a Wyoming location.

"Approximately 5,000 positions nationwide will be impacted by the store closures, most of which will occur in June", the release states.

Only one Washington store will be closing - the Pilchuck Landing location in Snohomish.

"The stores identified for closure either require significant capital to achieve the company's new brand standard or are minimally cash flow positive today relative to the company's overall consolidated average", the statement said.

Friday morning, the retailer released its list of 138 stores that it intends to close as it seeks to increase revenues.

If the Uniontown J.C. Penney closed, the news could have been devastating for the mall and its 30-plus retailers.

The Tyler location of JC Penney has been spared in the latest round of closures, though the stores in Athens, Marshall and Nacogdoches will be shut. The company earlier said that it would also initiate a voluntary early retirement program for about 6,000 eligible employees.

The store nearest the Upper Ohio Valley on the list slated to close is at the New Towne Mall in New Philadelphia, Ohio.

The J.C. Penney store in the Lycoming Mall soon will be closing permanently. "Closing a store is an easy decision, especially give the local impact on our valued employees and our most loyal shoppers", Ellison said.

The 138 stores that are closing represent about 13 percent of J.C.Penney's physical locations and less than 5 percent of its annual total sales.

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