This beloved store is closing locations in 38 states. Are your surviving?
The triggering of this major major store marks the end of an era.
Even before the shops across the country began to overload in response to Coronavirus, department stores have already had difficulty surviving the rise of online purchases. So when thepandemicIt was the final nail of the coffin for many retailers, including a beloved retail giant: JCPenney.
The company announced Thursday that this would closure of 154 sites in 38 states after a "complete examination" of its "detail imprint". JCPENENY had tabled for the bankruptcy of Chapter 11 on May 15, after being touched by years of decreasing sales,The saved economyand nearly five billion dollars of mounting debt.
For many, the closing of JCpenney represents an end of an era. He had opened for business in 1902, making it one of the firstdepartment stores in the countryside. The Americans pushed to rely on the chain for its fair prices and the convenience of a unique shopping for everything, clothes with appliances.
Are you wondering if your favorite local branch will do the storm? The company has published a complete list ofClosing JCPENENY locations, on which you can perform a search conveniently to the state on the blog of the store. As part of its bankruptcy plan, store leadership shared that they expect their closing sales to last approximately three months - which means that you should be able to hang great clearance offers to from June 12, sustainableuntil closing stores.
With regard to the remaining jCpenneyne locations, it may not be the last curtain yet. On Friday, the SYCAMORE private equity company announced that it would begin preliminary negotiations on a possible purchase of the department store. Nothing guarantees that the giant of retail will survive, but for the moment, there is always hope. And to find your new favorite store, make sure to check these17 companies belonging to Black, you can support online right now.