JC Penney Closing 33 Stores, Lay off 2,000
January 16, 2014
TWIN TIERS (WENY) -- Department store chain JC Penney plans to close 33 underperforming stores and lay off about 2,000 employees as the retailer continues to attempt a turn around. The stores are expected to close in May and the closings will save Penney's about $65 million.
Closing the stores will help JC Penney catch up to other national chains that have been streamlining their store portfolios recently, Penney hasn't closed a large number of locations since about 2001.
Here's a list of the stores which will be closed by early May:
Selma Mall in Selma, Ala.
Arrow Plaza in Rancho Cucamonga, Calif.
Chapel Hills Mall in Colorado Springs, Colo.
Meriden Square in Meriden, Conn.
Lake Square Mall in Leesburg, Fla.
Gulf View Square in Port Richey, Fla.
Muscatine Mall in Muscatine, Iowa
Stratford Square Mall in Bloomingdale, Ill.
Hickory Point Mall in Forsyth, Ill.
Five Points Mall in Marion, Ind.
Marketplace Shopping Center in Warsaw, Ind.
The Centre at Salisbury in Salisbury, Md.
Westwood Plaza in Marquette, Mich.
Northland Mall in Worthington, Minn.
Singing River Mall in Gautier, Miss.
Natchez Mall in Natchez, Miss.
Butte Plaza Shopping Center in Butte, Mont.
Cut Bank, Mont.
Vernon Park Mall in Kinston, N.C.
Burlington Center in Burlington, N.J.
Phillipsburg Mall in Phillipsburg, N.J.
Wayne Towne Plaza in Wooster, Ohio
Exton Square Mall in Exton, Pa.
Laurel Mall in Hazleton, Pa.
Washington Mall in Washington, Pa.
Northgate Mall in Chattanooga, Tenn.
Bristol Mall in Bristol, Va.
Military Circle Mall in Norfolk, Va.
Forest Mall in Fond Du Lac, Wis.
Janesville Mall in Janesville, Wis.
Lincoln Plaza Center in Rhinelander, Wis.
Cedar Mall in Rice Lake, Wis.
Wausau Mall in Wausau, Wis.