JCPenney is set to close multiple store locations across the United States in 2025, joining other retailers like Macy’s and Kohl’s in this trend. The closures are not linked to the recent merger that created Catalyst Brands. This Texas-based retailer confirmed the closing of stores in eight states, as reported by Axios, and outlined specific locations slated for closure.
The list of store closures includes locations in California, Colorado, Idaho, Kansas, Maryland, North Carolina, New Hampshire, and West Virginia. For instance, the San Bruno, California location at 1122 El Camino Real, and the Newington store in New Hampshire, which is included in the closures, will both close by May 25, 2025. SB360 Capital Partners, a firm specializing in liquidation sales, is managing this process.
In North Carolina alone, several stores will close, adding to previous closures in the state. Notably, JCPenney’s space in the Mall at Fox Run in Newington has recently been sold to new ownership, which may affect the store’s future as well.
As of now, JCPenney operates 25 stores in Ohio. However, the retailer has not specified any closures for their Ohio locations. The stores range from Akron to Zanesville, with notable locations in major cities including Cincinnati and Columbus.
JCPenney’s challenges do not come without context. The company filed for Chapter 11 bankruptcy protection in May 2020, which led to the closure of approximately 200 locations at the time. Upon emerging from bankruptcy, JCPenney was acquired by Simon Property Group and Brookfield Asset Management, prompting a strategic merger with Sparc Group, the parent company of Forever 21, creating Catalyst Brands with a robust portfolio that includes over 1,800 stores and various well-known private brands.
In conclusion, while JCPenney faces significant changes, the establishment of Catalyst Brands and previous acquisitions might provide a fresh perspective for the company’s future, encouraging a turnaround in the evolving retail landscape. As the retail sector adapts to new consumer behaviors and market dynamics, there remains hope for resilience and reinvention among traditional retailers.