Uh Oh! JCPenney Is Closing More Stores. Is Midland/Odessa On the List?
Sad days for department stores. Sears, Macy's, and now, JCPenney.
According to Business Insider, it looks like JCPenney is going to close at least 27 underperforming stores.
From Business Insider:
The closings include 18 full-line department stores and nine home and furniture stores. The company announced the closings as it revealed a 4% decline in same-store sales during the critical holiday quarter.
As of now, JCPenney has not publicly released which stores will be closing. I have reached out to the JCPenney stores in the South Plains Mall, Midland Park Mall and Music City Mall, as well as JCPenney Corporate, but have not heard back.
So for now, it's business as usual. If anything changes, we will let you know.