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4h ago

JCPenney to Close Seven Stores on May 25 as Retail Landscape Shifts

The closures, tied to lease expirations and market factors, come as the retailer extends its Annapolis lease while reaffirming its Catalyst Brands merger strategy.

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Signage announces a "going out of business" sale at a JCPenney store at the Westfield Annapolis Mall in Annapolis, Maryland on April 7, 2025.
A JCPenney store located at Fashion Valley in San Diego, California, as seen on December 13, 2024.
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Overview

  • Seven JCPenney stores across seven states will permanently close on Sunday, May 25, 2025, following earlier announcements made in February.
  • The affected locations include stores in California, Colorado, Idaho, Kansas, New Hampshire, North Carolina, and West Virginia.
  • A JCPenney spokesperson clarified that these closures are due to expiring leases and other localized factors, unrelated to its recent merger forming Catalyst Brands.
  • The Westfield Annapolis Mall location in Maryland, initially slated for closure, will remain open through August 31, 2025, under a lease extension agreement.
  • JCPenney continues to navigate challenges in the evolving retail sector, leveraging its Catalyst Brands partnership to stabilize operations while managing a reduced store footprint.