Statement From JCPenny
As part of a continuing effort to advance sustainable growth and long-term profitability, J. C. Penney Company, Inc. will be closing 138 stores, one supply chain facility in Lakeland, Fla., and relocating one supply chain facility in Buena Park, Calif., to align the Company’s physical store footprint and omnichannel network. Approximately 5,000 positions nationwide will be impacted by the store closures, most of which will occur in June. JCPenney is in the process of identifying relocation opportunities within the Company for esteemed leaders. Additionally, JCPenney will provide outplacement support services for those eligible associates who will be leaving the Company. Most affected stores will begin the liquidation process on April 17.