J.C. Penney
After declaring bankruptcy and liquidating more than 150 stores last year, J.C. Penney will close more stores this spring. The department store company stated in December that 15 more stores would close by the end of March 2021. “We also decided to close an additional 15 stores as part of our shop optimization plan, which started in June with our financial restructuring,” J.C. Penney said in a statement to USA Today. “These stores will launch liquidation sales later this month and close to the general public in mid to late March.”
J.C. Penney
Francesca’s
Francesca stated in November 2020 that it would close 140 stores by the end of January 2021. In December, the women’s boutique network filed for Chapter 11 bankruptcy, with the intention of selling the business, including its physical sites. According to a statement sent to USA Today, the firm now maintains 558 locations but “plans to renegotiate a variety of leases through this process, which could entail closing new boutiques.”
Francesca’s