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JCPenney closing update 07 January 2015: About 2-thousand+ jobs lost! New stores shutdowns added to my list

JCPenney has announced at least seven more store shutdowns, two in South Carolina, three in Ohio, at least one in Illinois and in New York for 2015.  The South Carolina stores will be shutdown at the beginning of March.  The Illinois, New York and two of the Ohio stores will close in April.  A third Ohio store will close in May.

One report says about 2-thousand 2-hundred jobs will be affected!

JCPenney closing more stores than first reported

Locations in bold type are latest store closure announcements.

Alabama: Selma Mall JCPenney.

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, the 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 80 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!

JCPenney closing more stores in 2014 than first announced! Mitt Romney style venture capitalists in charge!

10 November 2014 (01:53 UTC-07 Tango)/17 Muharram 1436/19 Aban 1393/18 Yi-Hai 4712

In January 2014, JCPenney administrators announced they would shutdown 33 department stores across the United States, killing at least 2-thousand jobs.  And that was on top of the 14-hundred JC 5 Star Outlet (formerly known as JCPenney Outlet) jobs killed at the end of 2013!  

In August there were rumors promulgated by retail analysts that Texas based JCPenney would shutdown 200 or more stores!   Then in October JCPenney administrators confirmed they will shutdown even more stores.  For proof that investors don’t give-a-crap about jobs, they immediately drove up the price of JCPenney stocks when they heard the news that store shutdowns would continue past the original 33 for 2014.

The new plan calls for reducing the number of JCPenney stores to less than 1-thousand over a five years period.   The same plan that Sear Holdings is using is in place; no renewal of leases, and in some cases where lease agreements are what JCPenney considers to be “low rent” they will shutdown the stores and continue paying the remaining lease.

This new shutdown plan comes as an affiliate of Mitt Romney’s vulture capitalist Bain Capital took control of JCPenney; Vornado Realty Trust.

In the following list, those stores in bold letters were not on the list of 33 store closures issued in January.

Alabama: Selma Mall JCPenney.

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.

Iowa: Muscantine Mall JCPenney.  Des Moines JCPenney will be shutdown between now and 1st quarter 2015.

Illinois: Bloomingdale Stratford Square Mall JCPenney.  Forsyth Hickory Point Mall.  West Dundee JCPenney will be shutdown between now and 1st quarter 2015.

Indiana: Marion Five Points Mall JCPenney.  Warsaw Marketplace shopping Center JCPenney.

Maryland: The Centre at Salisbury JCPenney.

Michigan: Marquette Westwood Mall JCPenney.

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.

New Jersey: Burlington Center JCPenney.  Phillipsburg Mall JCPenney.

Ohio: Wooster Wayne Towne Plaza JCPenney.

Pennsylvania:  Exton Square mall JCPenney.  Hazel Township Laurel Mall JCPenney.  Washington Mall JCPenney.

Tennessee: Chattanooga Northgate Mall JCPenney.

Virginia: Bristol Mall JCPenney.  Norfolk Military Circle Mall JCPenney.  Culpepper JCPenney will be shutdown between now and 1st quarter 2015.

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, the 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 80 jobs lost.

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!