Saturday, 18 November, 2017

Dunkirk's JC Penney on list of store closings

JC Penney Announces the 138 Stores Closing Across the Country Dunkirk's JC Penney on list of store closings
Juana Turner | 18 March, 2017, 01:09

Clothing retailer J.C. Penney announced Friday that its location in the Hutchinson Mall is among 138 stores it will be close later this year.

Officials from J.C. Penney Co. said its Uniontown store will not close. The company said earlier this month it would close under-performing stores to enhance profitability.

The Cortana store is one of 138 locations that J.C. Penney will shut down beginning April 17.

Under the state Worker Adjustment and Retraining Notification Act, a company with more than 50 full-time employees must file a 90-day notice of a planned mass layoff or closing.

The closings will leave J.C. Penney with a total of about 900 stores. Under the plan, the Company expects to close two distribution facilities and approximately 130 - 140 stores over the next few months.

After weeks of speculation, misleading news stories and being placed on a list of vulnerable stores, it was announced Friday that JC Penney in the Indiana Mall will stay open. Last year, Macy's Inc., announced last year it would shut dozens of it stores.

"We believe closing stores will allow us to adjust our business to effectively compete against the growing threat of online retailers", JCPenney CEO Marvin Ellison said in a statement back in February. The other Nebraska cities with J.C. Penney stores are Columbus, Grand Island, Kearney and Norfolk.

The closure of the J.C. Penney at Eastridge Mall leaves the shopping center with just two anchors, Belk and Dillard's. It said the stores that are closing have weaker sales or would have needed expensive upgrades. And when they do pick up clothing, it's more often at off-price stores or online as Amazon moves more into apparel.

In addition to the store closures, the company is relocating several supply chain facilities.

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