Reports: JCPenney to close stores nationwide. Here's the list

(Gray News) – JCPenney is closing several stores nationwide by the middle of the year, according to several reports.

A statement received by Today said the retailer attributes the closings to expiring lease agreements, market conditions and other business considerations.

“The decision to close a store is never an easy one, but isolated closures do happen from time to time due to expiring lease agreements, market changes or other factors. These closures are unrelated to the recent Catalyst Brands merger,” the company said in a statement sent to Today.

Earlier this year, JCPenney announced it was merging with SPARC group to form a larger retail organization called Catalyst Brands.

SPARC Group is the parent company of several brands such as Aéropostale, Brooks Brothers, Eddie Bauer, Lucky Brand, Nautica, and shares joint ventures with organizations like Simon Property Group which owns Forever 21.

According to the press release, the merger creates “an unmatched portfolio of six iconic retail banners that celebrate the essence of American style.”

JCPenney filed for bankruptcy at the height of the pandemic in 2020. The chain was later bought by Simon Property Group and real estate developer Brookfield in a $1.75 billion deal.

According to Axios, citing data from the business consultancy SB360, these are the stores set to close this year:

California JCPenney store closing

• San Bruno: The Shops at Tanforan, 1122 El Camino Real

Colorado JCPenney closing store

• Denver: The Shops at Northfield, 8568 E 49th Ave.

Idaho JCPenney store closure

• Pocatello: Pine Ridge Mall, 4201 Yellowstone Ave.

Kansas closing JCPenney store

• Topeka: West Ridge Mall, 1821 SW Wanamaker Road

Maryland JCPenney closing

• Annapolis: Annapolis Mall, 1695 Annapolis Mall Road

North Carolina JCPenney store closing

• Asheville: Asheville Mall, 3 S Tunnel Road

New Hampshire JCPenney closure

• Newington: Mall at Fox Run, 50 Fox Run Road

West Virginia JCPenney closing store

• Charleston: Charleston Town Center, 401 Lee Street E

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