DC region's JC Penney stores escape round of closures
21 March, 2017, 10:45 | Author: Oscar Goodwin
J.C. Penney's two Palm Beach County stores, at Wellington Green and Boynton Beach Mall, will remain open.
Most of the stores will begin liquidation sales April 17 and shut down by June.
J.C. Penney Corp. Inc. announced Friday it would close stores at the Jacksonville Regional Shopping Center in Northwest Jacksonville and in the Palatka Mall.
ME did not escape unscathed from the widespread J.C. Penney store closings nationwide. Sears is also closing dozens of Sears and Kmart locations. According to a recent release the company expects approximately 5,000 positions nationwide will be impacted by the closures. View the full list of store closings here.
When the company announced February 24 it would close 130-140 stores, it had more than 1,000 locations in the USA and Puerto Rico.
J CPenney says it will offer "separation benefits", including assistance getting other jobs, to the employees affected by the closings. "While any actions that reduce or exclude our presence in communities across the country is always hard, it is essential that J.C. Penney continues to evolve in order to achieve long-term growth and profitability and deliver on shareholder value".
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