J.C. Penney Liquidation Sales & Markdown Schedule
After J.C. Penney filed for bankruptcy, they slated hundreds of stores to close. You can find the whole list of JCPenney locations closing here. In total, they plan to close 242 stores in conjunction with going bankrupt.
Schedule of Liquidation Sales
According to a press release on JCPenney’s website:
A team of disposition firms…. announced that they have commenced store closing sales at 137* J. C. Penney Company, Inc. stores across the United States.
The closures are the Company’s first step in implementing a planned store optimization strategy. As the Company remains focused on its Plan for Renewal transformation strategy and driving sustainable, profitable growth, it intends to reduce its store footprint and focus resources on its strongest stores and powerful eCommerce flagship store, jcp.com.
Throughout all closing stores, customers can take advantage of storewide discounts of 25-40% off original prices.
All merchandise is on sale, including deeper discounts of 40% on all fine jewelry and window treatments. New seasonal essentials, such as swimwear and sunglasses, are also discounted at 25-30% off.
All sales will be final starting June 25.
JCP stores are open Monday through Saturday from noon to 7 p.m. and Sundays from 11 a.m. to 6 p.m. The Company will also offer designated shopping hours for at-risk customers on Wednesdays and Fridays from 11 a.m. to noon. At-risk customers include senior citizens, expectant mothers, and those with underlying health concerns.
JCPenney Closing Stores Nationwide
Our thoughts and prayers are with the employees who could be affected by stores closing as well as the people who rely on these stores for shopping.
With the COVID-19 Coronavirus pandemic quarantine, retail stores have closed their doors temporarily. Because of this, many stores are struggling to stay in business. And, some will not make it. Therefore, we expect to see many more stores shutter their brick & mortar stores in the future.
About JC Penney
JCPenney is a company built upon the Golden Rule: treating others the way we’d like to be treated. And, we’ve operated in this spirit since our founding in Kemmerer, Wyoming, over 110 years ago. Today, we offer a broad assortment of products from a leading portfolio of private, exclusive and national brands.
List of JCPenney Stores Closing
Source: Fast Company, Reuters