J.C. Penney
J.C. Penney will close more stores this spring after declaring bankruptcy and closing more than 150 stores last year. In December, the department store chain announced that it will shut 15 more stores by the end of March 2021. “As part of our shop optimization strategy, which began in June with our financial restructuring, we have planned to close an additional 15 stores,” JCPenney said in a statement to USA Today. “Liquidation sales will begin later this month, and the stores will close to the general public in mid- to late March.”
J.C. Penney
Francesca’s
In November 2020, Francesca announced that it will close approximately 140 stores by the end of January 2021. The women’s boutique chain filed for Chapter 11 bankruptcy in December, with plans to sell the company, including its physical locations. According to a statement given to USA Today, the company currently operates 558 stores but “plans to renegotiate a number of leases via this phase, which may include closing new boutiques.”
Francesca’s