JCPenney has announced plans to close eight stores across the United States by mid-2025. The retailer told Axios that the closures are attributed to expiring lease agreements , market conditions, and other business considerations.
The affected locations include stores in California, Colorado, Idaho, Kansas, Maryland, North Carolina, New Hampshire, and West Virginia.
Despite these closures, JCPenney stated that there are no plans to significantly reduce its overall store count . The company emphasized that the decision to close these stores is unrelated to its recent merger with SPARC Group, which formed a larger retail organization called Catalyst Brands . This merger brought together brands such as Aéropostale, Brooks Brothers, and Forever 21 under one umbrella…