Closure News
2 Dallas-area JCPenney stores shut down for good post COVID-19 outbreak
Plano-based JCPenney, which just filed for bankruptcy protection, will now permanently close nearly 30 percent of its 846 stores, or 192 stores across the U.S.
The chain released the full list of the stores on its company website. The stores will be shuttered by February 2021.
An additional 50 stores will be closed in the following year, leaving the company with approximately 600 stores.
The list of closures includes seven stores in Texas, with two in the Dallas-Fort Worth area, as follows:
- Timber Creek Crossing, Dallas
- Music City Mall, Lewisville
- Crossroads Mall, Greenville
- West Hills Mall, Huntsville
- Lufkin Shopping Center, Lufkin
- Palestine Mall, Palestine
- Mirabeau Square, Paris
In the Dallas-Fort Worth area, that leaves eight surviving stores in Rockwall, Flower Mound, Denton, Town East Mall in Mesquite, Collin Creek Mall in Plano, Stonebriar Mall in Frisco, Village at Fairview, and Northeast Mall in Hurst.
Penney filed for bankruptcy reorganization on May 29. Their plan is to focus on their strongest performing stores and their online site, jcp.com.
Despite the bankruptcy filing, the company recently launched a new brand called Linden Street that consists of sheets, quilts, and comforters, framed as luxurious yet affordable.
The closings will begin June 11, and they'll hold sales for up to 3 months.
"While closing stores is always an extremely difficult decision, our store optimization strategy is vital to ensuring we emerge from both Chapter 11 and the COVID-19 pandemic as a stronger retailer with greater financial flexibility to allow us to continue serving our loyal customers for decades to come," said Chief Executive Jill Soltau in a statement.
JCPenney is not the only retailer to suffer effects from the coronavirus pandemic. J.Crew and Neiman Marcus have both sought bankruptcy protection and Nordstrom closed 16 stores across the country including one in Hurst.
