13 more J.C. Penney store closings revealed: Department store continues bankruptcy store closures
J.C. Penney has filed for bankruptcy and is closing their doors after being around for almost 120 years. So why does it hurt to see them go? USA TODAY
J.C. Penney has revealed the locations of another 13 stores it will close permanently in Chapter 11 bankruptcy, including seven in Michigan.
The department store chain expects to begin liquidation sales at the stores on July 3 after a federal judge signs off.
The latest round of store closings comes in addition to 136 stores that have already begun going-out-of-business sales. Those locations were the first ones revealed as part of a broader plan to close 242 locations permanently.
J.C. Penney filed for Chapter 11 bankruptcy protection in May after years of sales declines and two months of disruption from the coronavirus pandemic. The company hopes to use the process to shed debt and remain in business. It faces a crucial deadline in mid-July to deliver a turnaround plan.
Going-out-of-business sales begin: J.C. Penney liquidation sales at 136 closing stores underway with discounts up to 40% off
Chapter 11: J.C. Penney files for bankruptcy protection