Penney remains profitable, could open new stores. This news comes shortly after filing for chapter 11 bankruptcy protection in may, one day after it.
Penney would be closing up to 200 of its 850 stores as part of its bankruptcy and restructuring plans. After the approval, jcpenney said it has targeted 154 stores or almost 20% of its locations for closure in the “first phase” of its efforts to revive the company.
Penney Remains Profitable, Could Open New Stores.
Following a comprehensive review of our retail footprint, we announced several phases of store closures in 2020 and 2021, resulting in the liquidation of 175 jcpenney locations.
Jcpenney Plans To Close Its Store At 60 Elm Plaza In Waterville On Sept.
A list of the stores closing was published on penney’s website.
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