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J.C. Penney says it will be closing anywhere from 130 to 140 stores as well as two distribution centers over the next several months. The retailer will close up to 140 stores and two distribution.
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J.C. Penney Closing 140 Stores as Turnaround Stalls. The stores being closed, the list of which will be released next month, make up about less than 5% of total annual sales, Penney said. The retailer has about 600 mall-based stores and another 400 smaller standalone stores in smaller markets.
More than 1,875 fashion-focused stores are closing. decided to fold up at least some of their shops this year. Many of retail’s biggest name are among those cutting back, including Macy’s Inc.,
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· - K-Mart is closing down more than two dozen stores over the next several months. – J.C. Penney will be permanently shutting down 47 more stores after closing a total of 40 stores in 2015. – Macy’s has decided that it needs to shutter 36 stores and lay off approximately 2,500 employees.
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· This is a list of the 2015 Top 100 U.S. based retail companies included on the World’s Largest Retailers list published each year by Deloitte Touche Tohmatsu and STORES Magazine. This list of the largest U.S. retail chains is arranged according to the ranking each of the biggest and best U.S. retail companies received on the 2014 Global Powers.
JCPenney plans to shutter as many as 140 stores in the coming months. It’s not clear how many jobs will be lost.
J.C. Penney said Friday that it plans to shutter 130 to 140 stores in the next several months, adding to a wave of big-name store closures that together promise to leave gaping holes at U.S.
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