In early 2025, several major retailers, including JCPenney, announced plans to close multiple store locations. The chain, which has already faced challenges such as a 2020 bankruptcy and a merger to form Catalyst Brands, cites closures due to market changes and expiring leases, rather than its recent merger. The trend reflects broader retail struggles as foot traffic shifts online, jeopardizing traditional brick-and-mortar locations. JCPenney reassured that it does not plan significant reductions in store count despite the closures.
"The decision to close a store is never an easy one, but isolated closures do happen from time to time due to expiring lease agreements, market changes or other factors."
"JCPenney has had a roller-coaster few years, most notably from the fall of foot traffic as the shopping habits of American consumers continued to migrate from malls to online."
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