J.C. Penney
After declaring bankruptcy and shutting more than 150 stores last year, J.C. Penney will shut more stores this spring. The department store chain said in December that it intends to close an additional 15 stores by the end of March 2021. In a statement to USA Today, J.C. Penney said, “We also elected to close an additional 15 stores as part of our shop optimization approach, which began in June with our financial reorganization.” “These stores will start liquidation sales later this month and close to the public in mid to late March.”
J.C. Penney
Francesca’s
Francesca announced in November 2020 that it would close around 140 stores by the end of January 2021. In December, the women’s boutique business filed for Chapter 11 bankruptcy, intending to sell the firm as a whole, including its physical locations. According to USA Today, the business now runs 558 stores but “plans to renegotiate a variety of leases via this process, which may result in the closure of additional boutiques,” according to a statement sent to the publication.
Francesca’s
