Wednesday, February 21, 2018

Marshall J.C. Penney to close

March 18, 2017 at 4 a.m.

Marshall Mall location of J.C. Penney is among the 138 J.C. Penney stores set to close nationwide, the national retailer announced Friday.

According to Company Spokesperson Sarah Holland, the store is set to close in mid June and will impact around 25 associates.

J.C. Penney on Friday released the list of stores nationwide and a supply chain facility in Florida that are set to close. The company is also relocating another supply chain facility in California.

Holland told the Marshall in an email Friday, the move comes as effort for the retailer to redesign its company. With this recent move, J.C. Penney joins its department store rivals in pruning its store numbers in an era of online shopping.

"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," Holland said.

Holland estimated 5,000 positions nationwide will be impacted by the store closures, most of which will occur in June.

Holland said the company hoped to take of its employees through this transition.

"JCPenney is in the process of identifying relocation opportunities within the Company for esteemed leaders," Holland said. "Additionally, JCPenney will provide outplacement support services for those eligible associates who will be leaving the Company," Holland said. "Most affected stores will begin the liquidation process on April 17."

J.C. Penney recently announced that it would close 130 to 140 stores, but it had not said which stores would be closed until the Friday announcement.

Other East Texas branches in Athens and Nacogdoches are also set to close, but the store in the Longview Mall was not among the list.

Like other department stores, J.C. Penney is trying to adjust to changing shopping patterns. But it is also still recovering from a catastrophic reinvention plan under a former CEO that sent sales and profits freefalling starting in 2012. Since then, it has focused efforts on its home area, started selling major appliances again and expanded its number of in-store Sephora beauty shops.

Here is the list of all of the stores set to close in Texas:

Athens Village Shopping Center: Athens

Borger Shopping Plaza: Borger

Heartland Mall: Early

El Paso Downtown: El Paso

Marshall Mall: Marshall

McAllen Downtown: McAllen

University Mall: Nacogdoches

King Plaza Shopping Center: Seguin

Bosque River Center: Stephenville.



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