Particle.news
Download on the App Store
3 ARTICLES
·
last wk.

JCPenney to Close Seven Stores by End of May as Part of Targeted Adjustments

The closures, driven by expiring leases and local market dynamics, are described as isolated and unrelated to the retailer's recent merger into Catalyst Brands.

File photo (AP Photo/LM Otero)
JCPenney is set to close 7 stores by the end of May,

Overview

  • JCPenney confirmed plans to close seven underperforming stores across seven states by the end of May 2025, citing expiring leases and market conditions.
  • The affected locations include stores in San Bruno, CA; Denver, CO; Pocatello, ID; Topeka, KS; Newington, NH; Asheville, NC; and Charleston, WV.
  • The retailer emphasized that these closures are isolated decisions and stated there are no plans for widespread reductions in its store count.
  • The Westfield Annapolis MallMaryland, previously slated for closure, will remain open through at least August 31, 2025, following a lease extension agreement.
  • JCPenney clarified that the closures are not connected to its January 2025 merger with SPARC Group, which formed Catalyst Brands, a multi-brand retail portfolio.