JCPenney is the latest department store to be feeling the economic pinch in 2025.
The anchor store at many nationwide malls will be closing down eight locations by the middle of the year, according to USA Today.
JCPenney did not confirm the locations, but SB360 Capital Partners, a liquidation company, shared a list with Fox Business.
- The Shops at Tanforan, 1122 El Camino Real, San Bruno, CA
- The Shops at Northfield, 8568 E 49th Ave., Denver, CO
- Pine Ridge Mall, 4201 Yellowstone Ave., Pocatello, ID
- West Ridge Mall, 1821 SW Wanamaker Road, Topeka, KS
- Annapolis Mall, 1695 Annapolis Mall Road, Annapolis, MD
- Mall at Fox Run, 50 Fox Run Road, Newington, NH
- Charleston Town Center, 401 Lee Street E, Charleston, WV
- Asheville Mall, 3 S Tunnel Road. Asheville, NC
A JCPenney store at the Polaris Fashion Place mall on Black Friday in Columbus, Ohio, US, on Friday, Nov. 24, 2023.
JCPenney gave a statement to the news outlet and confirmed that the decision to close the individual stores was not “an easy one.” The company blamed “expiring lease agreements, market changes or other factors” for the why those locations were chosen.
“We are grateful to our dedicated associates and the loyal customers who have shopped at these locations,” the statement read while noting that other JCPenney locations and their online site would continue to serve these communities.
The department store was impacted heavily by the downturn in retail during the COVID-19 global pandemic in 2020. The company emerged from a Chapter 11 reorganization in December 2020 with new owners, Catalyst Brands.
JCPenney was founded in 1902 in Kemmerer, WY, by James Cash Penney.
