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> JC Penney closing at Marquette Mall
taxthedeer
post Jan 8 2015, 11:58 AM
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http://www.businessinsider.com/jcpenney-is...0-stores-2015-1

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See If Your Hometown JC Penney Is Closing

.J.C. Penney Co. will close 40 stores over the next year, the company announced Thursday.
The closures represent nearly 4% of J.C. Penney's 1,060 stores.

"As with most retailers, we continually evaluate our store portfolio to determine whether there's a need to close or relocate underperforming stores," company spokesman Joey Thomas told Masslive.com. "Reviews such as these are essential in meeting our long-term goals for future company growth. While it's never an easy decision to close stores, especially due to the impact on our valued associates and customers, we feel this is a necessary business decision."

The company's stock was down 2% early Thursday.

Here's a list of the stores that are closing:

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Belus Capital Advisors analyst Brian Sozzi says he expects more retailers to announce store closures in the coming weeks, including Macy's, Abercrombie, Aeropostale, Target, and Wal-Mart.

"You will hear more, big-time store closure announcements within the next month," he wrote in an email.



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Tim
post Jan 9 2015, 11:25 PM
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I was at the mall yesterday - what a freaking ghost town. The loss of JC Penney will just add to the graveyard feel of the place., A sad day for retail MC.
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