JC Penney announced that it will be closing up to 140 stores. The full list of the locations of JC Penney stores that will close will be released later this month. Now is a good time to shop the JC Penney nearest you for some great deals.
The reason why JC Penney will be closing so many stores is due to some of the same reasons why other big chain stores have been closing. JC Penney reported a bigger-than-expected drop in same-store sales for the holiday quarter. It’s having difficultly competing against other, similar, stores and against online retailers.
JC Penney has stated that the stores being closed represent less than 5 percent of annual sales. In general, when a location closes, it has big sales on the merchandise that is still in the store. The hope is that customers will come buy it so they won’t have to spend money on shipping it to another location.
AOL Finance has a list of JC Penney locations that are at the greatest risk of being closed, based on sales data. The list came from Morningstar Credit Ratings, and is not an official list from JC Penney.
Pinnacle Hills Promenade, Rogers, Arkansas
El Con Center, Tucson, Arizona
Mt. Shasta Mall, Redding, California
West Covina Mall, West Covina, California
Westminster Mall, Westminster, California
Westfield Trumbull, Trumbull, Connecticut
Southland Mall, Cutler Bay, Florida
Tifton Plaza, Tifton, Georgia
North Riverside Park Mall, North Riverside, Illinois
Yorktown Center, Lombard, Illinois
Glenbrook Square Mall, Fort Wayne, Indiana
Muncie Mall, Muncie, Indiana
West Ridge Mall & Plaza, Topeka, Kansas
Country Club Mall, LaVale, Maryland
Westfield Wheaton, Wheaton, Maryland
Maine Mall, South Portland, Maine
Southdale Center, Edina, Minnesota
Crossroads Center, Saint Cloud, Minnesota
Mall at Barnes Crossing, Tupelo, Mississippi
Windsor Square, Matthews, North Carolina
Greenville Mall, Greenville, North Carolina
The Mall of New Hampshire, Manchester, New Hampshire
Quaker Bridge Mall, Lawrenceville, New Jersey
Destiny USA Phase I Syracuse, New York
Palisades Center, West Nyack, New York
Great Northern Mall, North Olmsted, Ohio
Northtowne Mall, Defiance, Ohio
Penn Square Mall, Oklahoma City, Oklahoma
Park City Center, Lancaster, Pennsylvania
Capital City Mall, Camp Hill, Pennsylvania
Wyoming Valley Mall, Wilkes-Barre, Pennsylvania
Indiana Mall, Indiana, Pennsylvania
Montgomery Mall, North Wales, Pennsylvania
Oxford Valley Mall, Middletown Township, Pennsylvania
Coastal Grand Mall, Myrtle Beach, South Carolina
Hamilton Place, Chattanooga, Tennessee
South Plains Mall, Lubbock, Texas
Potomac Mills, Woodbridge, Virginia
Kitsap Mall, Silverdale, Washington