In May 2020, JCPenney filed for Chapter 11 bankruptcy protection and in September 2020, Brookfield Asset Management and Simon Property Group agreed to purchase JCPenney for around $800 million in cash and debt….JCPenney.

In May 2020, JCPenney began a store optimization strategy to better position the Company for sustainable, profitable growth. Following a comprehensive review of our retail footprint, we announced several phases of store closures in 2020 and 2021, resulting in the liquidation of 175 JCPenney locations.

However, despite those efforts to diversify, the company’s biggest and most important product category remains women’s apparel. Seventy percent of the company’s customers are women, and the majority of the store is still devoted to apparel. Twenty-four percent of the company’s sales come from women’s apparel.

California J.C. Penney store closings Chino: Rancho Del Chino Shopping Center, 14659 Ramona Ave. Delano: 1228 Main St. Los Banos: San Luis Plaza, 951 W Pacheco Blvd.

JCPenney Is Permanently Closing 15 More Stores

• Enterprise Shopping Center – Closing Spring 2021.
• Covington Mall – Closed.
• Regency Square – Closed.
• Jackson Square – Closed.
• Spanish Fort Town Center – Closed.

More than 100 Sears and Kmart stores are in their final days. The going-out-of-business liquidation sales at 51 Sears and 45 Kmart stores – first announced in November by parent company Transformco – are expected to wrap up by mid-February, company spokesman Larry Costello confirmed to USA TODAY Friday.

With no viable exit-strategy, both Sears and Kmart are slowly, quietly dying. Once the commercial real-estate market improves, and new tenants can be found for their remaining stores, Sears will be under more pressure to close down the chains, according to the experts.