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JCPenney has announced plans to close eight stores across the United States by mid-2025. The retailer told Axios that the closures are attributed to expiring lease agreements, market conditions, and other business considerations.
The affected locations include stores in California, Colorado, Idaho, Kansas, Maryland, North Carolina, New Hampshire, and West Virginia.
Despite these closures, JCPenney stated that there are no plans to significantly reduce its overall store count. The company emphasized that the decision to close these stores is unrelated to its recent merger with SPARC Group, which formed a larger retail organization called Catalyst Brands. This merger brought together brands such as Aéropostale, Brooks Brothers, and Forever 21 under one umbrella.
As the retail landscape continues to evolve, JCPenney is not alone in facing store closures. Other major retailers, including Macy's and Walgreens, have also announced plans to shutter locations this year. According to a report from Coresight Research, up to 15,000 stores could close across the United States in 2025, driven by inflationary pressures and increased online competition.
Here are all the JCPenney stores that are closing:
- San Bruno, California
- The Shops at Tanforan, 1122 El Camino Real
- Denver, Colorado
- The Shops at Northfield, 8568 E 49th Ave.
- Pocatello, Idaho
- Pine Ridge Mall, 4201 Yellowstone Ave.
- Topeka, Kansas
- West Ridge Mall, 1821 SW Wanamaker Road
- Annapolis, Maryland
- Annapolis Mall, 1695 Annapolis Mall Road
- Asheville, North Carolina
- Asheville Mall, 3 S Tunnel Road
- Newington, New Hampshire
- Mall at Fox Run, 50 Fox Run Road
- Charleston, West Virginia
- Charleston Town Center, 401 Lee Street E
