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Saturday, March 18, 2017

These are the 138 JCPenney stores that will close this year (Easton store closing)

JC Penney on Friday released a list of the 138 stores it plans to shutter as part of a campaign to reduce corporate costs and increase sales at popular locations.

Macy's and Sears also announced major closures this year, as more Americans abandon brick-and-mortar chains and opt for shopping online at sites like Amazon.

"We believe closing stores will also allow us to adjust our business to effectively compete against the growing threat of online retailers," said Marvin R. Ellison, chairman and CEO of JCPenney in a statement last month. "Maintaining a large store base gives us a competitive advantage in the evolving retail landscape since our physical stores are a destination for personalized beauty offerings, a broad array of special sizes, affordable private brands and quality home goods and services."

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