On Friday, J.C. Penney announced the locations of 138 stores the company plans to close in June.
The closings will span 41 states and displace more than 5,000 workers. The news follows a previously released plan J. C. Penney said would help the company shrink its footprint in order to navigate changes in the retail industry.
Liquidation sales will begin April 17. Some of the workers affected by the closings will be offered transfer opportunities in J.C. Penney’s remaining 900 stores. Others will be offered severance and retirement packages, as well as placement services that include resume building and interview training.
“It became apparent to us that our footprint was too large,” Penney CEO Marvin Ellison said in a statement last month. “The closures will allow us to raise the overall brand standard of J.C. Penney.”
According to Reuters , the closings will come with annual cost savings of about $200 million . However, J.C. Penney would pay current-year pre-tax charges of $225 million before actual savings would be realized.
The company’s website will continue to offer a full line of products.
J.C. Penney now joins a growing list of retailers to close a significant number of stores. In January, Sears and Kmart announced the closings of 150 locations while Macy’s is closing 68 brick-and-mortar stores.
J.C. Penney was founded in 1902 by James Cash Penney, who grew the company into 34 locations by 1912. By the early ’40s, J.C. Penney boasted 1,600 stores nationwide.
Walmart founder Sam Walton began his retail career with J.C. Penney.
J.C. Penney is closing these 138 stores this spring https://t.co/YcClwC8MIQ pic.twitter.com/ldtobZtYcQ
— FORTUNE (@FortuneMagazine) March 17, 2017
Following is a complete list of J.C. Penney stores set to close in June. See if a store in your town is on the list.
Alabama Auburn Mall, Auburn Tannehill Promenade, Bessemer Gadsden Mall,Gadsden Jasper Mall, Jasper
Arkansas Military Plaza, Benton Chickasaw Plaza, Blytheville
Arizona Riverview Mall, Bullhead City
California Downtown Bishop, Bishop Sunwest Plaza, Lodi The Village at Orange, Orange Hilltop Mall, Richmond
Colorado Fort Morgan Glenwood Springs Mall, Glenwood Springs St. Vrain Centre, Longmont Broadway Plaza, Sterling
Connecticut Connecticut Post Mall, Milford
Florida Jacksonville Regional Shopping Center, Jacksonville Palatka Mall, Palatka
Georgia Dublin Mall, Dublin Macon Mall, Macon Milledgeville Mall, Milledgeville Gateway Plaza, Thomasville Tifton Mall, Tifton
Iowa Decorah Crossroads Mall, Fort Dodge Penn Central Mall, Oskaloosa Quincy Place, Ottumwa
Idaho Snake River Plaza, Burley
Illinois Eastland Mall, Bloomington Fulton Square, Canton Village Square Mall, Effingham Macomb Peru Mall, Peru Northland Mall, Sterling Centerpointe of Woodridge, Woodridge
Indiana FairOaks Mall, Columbus Connersville Plaza, Connersville Huntington Plaza, Huntington Jasper Manor Center, Jasper Logansport Mall, Logansport
Kansas Chanute Square, Chanute Downtown Great Bend Hutchinson Mall, Hutchinson Lawrence Winfield Plaza, Winfield
Louisiana Cortana Mall, Baton Rouge Park Terrace, DeRidder North Shore Square, Slidell
Massachusetts Berkshire Mall, Lanesborough
Maryland Easton Marketplace, Easton
Maine Rockland Plaza, Rockland
Michigan Lakeview Square Mall, Battle Creek Delta Plaza, Escanaba Westshore Mall, Holland Copper Country Mall, Houghton Birchwood Mall, Kingsford Midland Mall, Midland Cascade Crossings, Sault Ste. Marie
Minnesota Central Lakes Crossing, Baxter Five Lakes Centre, Fairmont Faribo West Mall, Faribault Irongate Plaza, Hibbing Hutchinson Mall, Hutchinson Red Wing Mall, Red Wing Downtown Thief River Falls Winona
Missouri Maryville Center, Maryville
Mississippi Leigh Mall, Columbus Southgate Plaza, Corinth Greenville Mall, Greenville Bonita Lakes Mall, Meridian Oxford Mall, Oxford
Montana Capital Hill Mall, Helena Sidney
North Carolina Albemarle Crossing, Albemarle Boone Mall, Boone Eastridge Mall, Gastonia Blue Ridge Mall, Hendersonville Monroe Crossing, Monroe Becker Village Mall, Roanoke Rapids
North Dakota Prairie Hills Mall, Dickinson Buffalo Mall, Jamestown Downtown Wahpeton, Wahpeton
JUST IN: JCPenney has released the list of stores they will be closing. Platte River Mall location is one of them. pic.twitter.com/J6uBNXTVbl
— Eddie Dowd (@EddieDowdTV) March 17, 2017
Nebraska Fremont Mall, Fremont Downtown McCook Platte River Mall, North Platte
New Jersey Rio Grande Plaza, Rio Grande
Nevada The Boulevard, Las Vegas
New York Dunkirk-Fredonia Plaza, Dunkirk Westfield Sunrise, Massapequa Palisades Center. West Nyack
Ohio Findlay Village Mall, Findlay New Towne Mall, New Philadelphia Richmond Town Square, Richmond Heights St. Mary’s Square, St. Marys
Oklahoma Altus Plaza, Altus Ne-Mar Shopping Center, Claremore Ponca Plaza, Ponca City Pioneer Square Shopping Center, Stillwater
Oregon Downtown Astoria Grants Pass Shopping Center, Grants Pass Downtown La Grande Downtown Pendleton The Dalles Main Street, The Dalles
Pennsylvania Columbia Mall, Bloomsburg Clearfield Mall, Clearfield King of Prussia Mall, King of Prussia Philadelphia Mills, Philadelphia Bradford Towne Centre, Towanda Lycoming Mall, Pennsdale Willow Grove Park, Willow Grove
South Carolina Citadel Mall, Charleston Town ‘N Country, Easley
South Dakota Palace Mall, Mitchell Northridge Plaza, Pierre Watertown Mall, Watertown Yankton Mall, Yankton
Tennessee Greeneville Commons, Greeneville Knoxville Center, Knoxville County Market Place, Union City
Texas Athens Village Shopping Center, Athens Borger Shopping Plaza, Borger Heartland Mall, Early Downtown El Paso Marshall Mall, Marshall Downtown McAllen University Mall, Nacogdoches King Plaza Shopping Center, Seguin Bosque River Center, Stephenville
Virginia New River Valley Mall, Christiansburg Tanglewood Mall, Roanoke
Washington Pilchuck Landing, Snohomish
Wisconsin Pine Tree Mall, Marinette Marshfield Mall, Marshfield Richland Square Shopping Center, Richland Center Rapids Mall, Wisconsin Rapids
West Virginia Foxcroft Towne Center, Martinsburg
Wyoming Downtown Sheridan
[Featured Image by Justin Sullivan/Getty Images]
