JC Penney closing at Marquette Mall |
JC Penney closing at Marquette Mall |
Jan 8 2015, 11:58 AM
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#1
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Really Comfortable Group: Members Posts: 2,005 Joined: 6-July 09 From: In Front of a computer screen Member No.: 929 |
http://www.businessinsider.com/jcpenney-is...0-stores-2015-1
QUOTE 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: 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. |
Jan 9 2015, 11:25 PM
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#2
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Really Comfortable Group: Members Posts: 1,829 Joined: 11-January 07 From: Kobe, Japan Member No.: 18 |
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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