Jcpenney Closures This Year 2024. In 2020, jcpenny announced that they would be closing down 175 jcpenney locations as a part of a store optimization strategy to position the company better. Jcpenney declared bankruptcy in 2020 and is still facing sales issues as it tries to recover and regain its footing in the department store market.
According to what was reported by the company, the. In the coming months, jcpenney will close four stores in several states, the department store said, according to a report from retaildive.
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