Struggling retailer JC Penney has announced a round of store closings.
The retailer announced today it will close 18 full-line stores and nine ancillary home and furniture stores this year.
The announcement comes as the iconic retailer announced weaker-than-expected holiday sales.
Is JCPenney going out of business in 2019?
JCPenney announces store closings in 2019. (CNN) — JCPenney plans on doing some Spring cleaning. The retailer announced Tuesday that it plans to close 3 of its stores this Spring. As of right now, JCPenney has more than 860 stores operating across the United States and Puerto Rico.
Is Penneys closing stores in 2019?
J.C. Penney Inc. is expected to close 18 department stores across the country in 2019 and nine home-and-furniture locations. In 2017 the retailer closed more than 130 department stores.
Which Gap stores are closing in 2019?
Gap, Tesla and Victoria’s Secret are among the nearly 5,000 store closings already in 2019
- Gap. Traffic passes by an Old Navy and GAP stores in Times Square, March 1, 2019 in New York City.
- Victoria’s Secret.
- Abercrombie & Fitch.
- Charlotte Russe.
- Payless ShoeSource.
- Family Dollar.
Is Dress Barn going out of business?
Dressbarn Is Closing All 650 Stores. Here’s What We Know About the Latest Major Retailer Going Out of Business. The Ascena Retail Group, which owns brands such as Ann Taylor, Lane Bryant, and Justice, is closing down Dressbarn, one of its line of stores that has been struggling for years.