More closures loom for JC Penney, as one analyst says more than 100 stores still need to shut


More closures loom for JC Penney, as one analyst says more than 100 stores still need to shut


Key Points
  • J.C. Penney says it will offer more information about future store closures in its next earnings report slated for Feb. 28.
  • Analysts are predicting that anywhere from 20 locations to more than 100 could close.
  • J.C. Penney still operates more than 860 stores across the U.S.

It looks like there are more store closures looming in J.C. Penney’s future.

The department store chain Tuesday said it would be closing three locations by this spring, as it continues to evaluate its real estate. It didn’t disclose the addresses of those three stores or how many additional stores it planned to close in 2019, but said it would offer more information in its next earnings report slated for Feb. 28.
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RSK: I hope JCP can prevail and not turn into another Sears’s fiasco. Only stores left will be Kohls and Macy`s.

Ken Notes: We need a creative way to bring people into big department stores, I would love to see a redesign that turns them into little boutique shops wit a central checkout. I love kitchen gadget stores for example but can`t afford most of them.

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