J.C. Penney
Last year, J.C. Penney declared bankruptcy and closed more than 150 locations. Penney intends to close more stores this spring. In December, JC Penney, the world’s largest department store chain, announced that 15 more shops would close by the end of March 2021. J.C. Penney has a “store optimization plan” in place. According to USA Today, Penney “also opted to liquidate an additional 15 sites as part of our financial reorganization, which began in June.” These stores will begin liquidation sales in the latter half of the month and close to the general public by the middle to end of March.
J.C. Penney
Francesca’s
According to a statement made in November of that year, Francesca plans to close roughly 140 of its stores by the end of January 2021. The women’s boutique chain plans to sell itself, including its physical stores, after filing for Chapter 11 bankruptcy in December. Despite the fact that the company presently has 558 locations, it “plans to renegotiate a variety of leases through this process, which could result in the closure of additional boutiques,” according to a statement to USA Today.
Francesca’s