Published: Sat, March 18, 2017
Global | By Doris Richards

JCPenney to close in Findlay and St. Marys

JCPenney to close in Findlay and St. Marys

Liquidation sales are expected to begin by April 17 with the stores expected to close in June.

J.C. Penney released its long-awaited store closure list Friday and the Valle Vista Mall location was not on it.

The manager of Jasper's J.C. Penney declined comment and the company's corporate communications phone number went straight to voicemail.

Most of the store in this batch are either in the range of 47,000 to 70,000 square feet or even smaller at 10,000 to 30,000 square feet.

Penney's, based in Plano, Texas, had more than 1,000 stores nationwide before this latest round of closings.

The company said last month it would close up to 140 stores, and 138 are on today's list. It expects the closures will affect about 5,000 positions nationwide, adding that it is trying to identify relocation opportunities.

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The closings will leave J.C. Penney with a total of about 900 stores.

"We believe closing stores will also allow us to adjust our business to effectively compete against the growing threat of online retailers".

Other brick-and-mortar retailers have made similar moves to pare down their number of stores, including Macy's and Sears.

A previous press release stated the company would offer 6,000 eligible associates a voluntary early retirement program. The ability of the affected stores to work within the company's growth plans and to participate in the company's online order fulfillment, same-day pick up, exchange and returns goals played a factor.

The Limited closed its remaining stores in January, and American Apparel, which filed for bankruptcy for a second time a year ago, is expected to close all its stores.

The J.C. Penney stores at the Rapids mall in Wisconsin Rapids and Marshfield Mall in Marshfield are among the 138 stores the company plans to close.

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