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International Business Times UK
International Business Times UK
Business
Ben LeGrand

JCPenney to Close Seven US Stores Amid Ongoing Struggles and Retail Reshuffle

A JCPenney location in Aventura, Florida. (Credit: Phillip Pessar/Flickr)

JCPenney, once a staple of American shopping malls, is set to shutter another round of stores as it continues its long road to recovery. On 25 May, the department store chain will close seven locations across the United States—part of a broader effort to streamline operations after years of financial turmoil. Despite surviving bankruptcy and undergoing a major corporate merger, the retailer has not turned a profit since 2010, and the latest closures underscore just how far it still has to go.

The affected stores span seven states, with closures planned in New Hampshire, North Carolina, Colorado, Kansas, Idaho, West Virginia and California. JCPenney confirmed the specific locations on 19 May, nearly three months after the initial announcement in February.

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