A recent 24/7 Wall Street analysis of JCPenney store shutdowns says the announcement of a 40 store shutdown is too small: “J.C. Penney has not closed enough stores. So, the question is when it can afford to close more. Based on its financials, the total will need to be close to 200.”
In 2014, a CNN Money report said JCPenney needed to close “300 of its nearly 1,100 stores”.
update 07 January 2015: 2-thousand+ jobs lost!
Alabama: Selma Mall JCPenney, recently revealed Cullman Shopping Center JCPenney (at least 25 jobs lost).
California: Rancho Cucamonga Arrow Plaza JCPenney. Cupertino Vallco Shopping Mall JCPenney, the mall was sold to a property developer and JCPenney administrators said it’s not worth it to keep the store open, 170 jobs lost!
Colorado: Colorado Springs Chapel Hills Mall JCPenney.
Connecticut: Meriden Square (Westfield Meriden Mall) JCPenney.
Florida: Leesburg Lake Square Mall JCPenney. Port Richey Port View Square JCPenney.
Georgia: Morrow JCPenney will be shutdown between now and 1st quarter 2015. Duluth JCPenney Home Store will be shutdown between now and 1st quarter 2015. Dalton and Lagrange stores shutdown by April 2015.
Iowa: Muscantine Mall JCPenney. Des Moines JCPenney will be shutdown between now and 1st quarter 2015. Mason, Waterloo and West Burlington stores closing in April.
Illinois: Bloomingdale Stratford Square Mall JCPenney. Forsyth Hickory Point Mall. West Dundee JCPenney will be shutdown between now and 1st quarter 2015, recently revealed Quincy Mall store (about 50 jobs lost), Dekalb store in April.
Indiana: Marion Five Points Mall JCPenney. Warsaw Marketplace shopping Center JCPenney. Michigan store in April.
Maryland: The Centre at Salisbury JCPenney.
Massachusetts: Hanover and Taunton stores.
Michigan: Marquette Westwood Mall JCPenney. Adrian store.
Minnesota: Worthington Northland Mall JCPenney.
Mississippi: Gautier Singing River Mall JCPenney. Natchez Mall JCPenney.
Montana: Butte Plaza Shopping Center JCPenney. Cut Bank JCPenney.
North Carolina: Kinston Vernon Park Mall JCPenney. High Point JCPenney will be shutdown between now and 1st quarter 2015. Asheboro, Elizabeth, Statesville and Wilson stores.
New Jersey: Burlington Center JCPenney. Phillipsburg Mall JCPenney. Vineland Cumberland Mall store.
New York: Recently revealed Hudson Valley Mall store (74 jobs lost).
Ohio: Wooster Wayne Towne Plaza JCPenney, recently revealed Springfield store (90 jobs lost), recently revealed Greenville store (55 jobs lost), recently revealed Columbus Eastland Mall store (80 jobs lost).
Oregon: North Bend.
Pennsylvania: Exton Square mall JCPenney. Hazel Township Laurel Mall JCPenney. Washington Mall JCPenney. Chambersburg, Hummels Warf, Media, State College and York stores.
Rhode Island: Providence.
South Carolina: Recently revealed Inlet Square Mall store (65 jobs lost), recently revealed Murrels Inlet Aiken Mall store (34 jobs lost).
South Dakota: Aberdeen Lakewood Mall.
Tennessee: Chattanooga Northgate Mall JCPenney.
Texas: Brenham Market Square Mall.
Vermont: Diamond Run Mall and Saint Albans Shopping Center.
Virginia: Bristol Mall JCPenney. Norfolk Military Circle Mall JCPenney. Culpepper JCPenney will be shutdown between now and 1st quarter 2015. Manassas and Williamsburg stores.
Wisconsin: Fond du Lac Forest Mall JCPenney. Janesville Mall JCPenney. Rhinelander Lincoln Plaza Center JCPenney. Rice Lake Cedar Mall JCPenney. Wausau Mall JCPenney. Racine Regency Mall JCPenney store was sold for $2.2-million USD (that’s less than what JCPenney had been asking for) to a property developer-speculator, and will shutdown during the 1st quarter of 2015, at least 77 jobs lost. Oshkosh, Racine and Shawano stores.
Washington: The Bellevue Square JCPenney shutdown their 55 years old store, 141 jobs lost! This, despite the fact that the owners of the mall are spending $1.2-billion to bring in more shoppers!