JCPenney stores closing: Find out full list of stores to close by May 25
Listen to article
JCPenney is set to close seven more stores across the United States on Sunday, May 25, continuing the retailer's long and complex journey of restructuring after years of financial struggles.
These latest closures affect locations scattered across the country, including malls in San Bruno, California; Denver, Colorado; Pocatello, Idaho; Topeka, Kansas; Newington, New Hampshire; Asheville, North Carolina; and Charleston, West Virginia.
This round of closures is part of the aftermath of JCPenney's Chapter 11 bankruptcy filing in May 2020, a critical moment that came after years of declining sales, changing consumer habits, and fierce competition from e-commerce giants and fast-fashion retailers.
In the wake of the bankruptcy, JCPenney shuttered more than 200 stores nationwide and underwent major ownership changes when Simon Property Group and Brookfield Asset Management acquired the chain later that year.
Since then, the company has been working to redefine its brand and business model.
Early this year, JCPenney merged with Forever 21 and several other well-known apparel brands including Brooks Brothers, Aeropostale, Lucky Brand, Nautica, and Eddie Bauer, forming a new parent company called Catalyst Brands.
This merger was designed to leverage synergies between these retailers, aiming to operate roughly 1,800 store locations and create tens of thousands of jobs.
Despite this ambitious partnership, JCPenney emphasizes that the newest store closures are unrelated to the Catalyst Brands merger.
Instead, the company attributes these decisions to typical factors like expiring lease agreements, evolving market conditions, and other operational considerations.
For instance, JCPenney had earlier planned to close its Westfield Annapolis Mall location in Maryland but recently extended the lease through August 31, signaling that some stores may remain open depending on business circumstances.
A spokesperson for Catalyst Brands also indicated that the company is optimizing its corporate structure, which has resulted in about a 9% reduction in corporate roles.
This reflects ongoing efforts to streamline operations and focus resources where they are most needed amid a rapidly changing retail landscape.
As JCPenney moves forward, these closures underscore the challenges traditional department stores face in adapting to new shopping behaviors and economic pressures.
For customers in affected cities, the May 25 shutdown will mark the end of an era, while the retailer continues its search for a sustainable path ahead.
The full list of stores closing on May 25 are:
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Recorder
2 days ago
- Business Recorder
Virgin Australia seeks to raise $442.8 million in IPO, term sheet shows
Bain Capital-owned Virgin Australia is looking to raise A$685 million ($442.78 million) in an initial public offering, according to a term sheet seen by Reuters on Wednesday. The company has set the offer price at A$2.90 per share and the offer size reflects 30% of Virgin's total issued capital. Bain Capital did not immediately respond to a Reuters request for comment. The airline, Australia's second largest behind Qantas, will sell 236.2 million shares in the IPO to value the company at A$2.32 billion on a fully diluted basis, the term sheet showed. Virgin will have an enterprise value of A$3.6 billion, taking into account its net debt of A$1.31 billion. Bain's shareholding will reduce from about 70% to 39.4% following the IPO, while Qatar Airways will retain a 23% stake, according to the term sheet. Institutional bookbuilding will close on Thursday and Virgin's shares are due to start trading on the Australian Securities Exchange (ASX) on June 24, the term sheet showed. The IPO is being carried out through a front-end book building process, which means investor bids are taken ahead of the prospectus being reviewed and approved by Australian regulators. Qatar Airways wins approval for stake in Virgin Australia Virgin's IPO has been in the making for more than two years but was put on hold due to volatile global financial markets during 2023 after investment banks were appointed. Bain bought Virgin for A$3.5 billion ($2.45 billion) including liabilities five years ago after it was placed in voluntary administration, the closest Australian equivalent to Chapter 11 bankruptcy. Virgin collapsed in 2020 following tough COVID-19 restrictions that damaged the global airline industry. Australia's benchmark S&P/ASX200 index has gained 3.77% so far in 2025.
Express Tribune
21-05-2025
- Express Tribune
JCPenney stores closing: Find out full list of stores to close by May 25
Listen to article JCPenney is set to close seven more stores across the United States on Sunday, May 25, continuing the retailer's long and complex journey of restructuring after years of financial struggles. These latest closures affect locations scattered across the country, including malls in San Bruno, California; Denver, Colorado; Pocatello, Idaho; Topeka, Kansas; Newington, New Hampshire; Asheville, North Carolina; and Charleston, West Virginia. This round of closures is part of the aftermath of JCPenney's Chapter 11 bankruptcy filing in May 2020, a critical moment that came after years of declining sales, changing consumer habits, and fierce competition from e-commerce giants and fast-fashion retailers. In the wake of the bankruptcy, JCPenney shuttered more than 200 stores nationwide and underwent major ownership changes when Simon Property Group and Brookfield Asset Management acquired the chain later that year. Since then, the company has been working to redefine its brand and business model. Early this year, JCPenney merged with Forever 21 and several other well-known apparel brands including Brooks Brothers, Aeropostale, Lucky Brand, Nautica, and Eddie Bauer, forming a new parent company called Catalyst Brands. This merger was designed to leverage synergies between these retailers, aiming to operate roughly 1,800 store locations and create tens of thousands of jobs. Despite this ambitious partnership, JCPenney emphasizes that the newest store closures are unrelated to the Catalyst Brands merger. Instead, the company attributes these decisions to typical factors like expiring lease agreements, evolving market conditions, and other operational considerations. For instance, JCPenney had earlier planned to close its Westfield Annapolis Mall location in Maryland but recently extended the lease through August 31, signaling that some stores may remain open depending on business circumstances. A spokesperson for Catalyst Brands also indicated that the company is optimizing its corporate structure, which has resulted in about a 9% reduction in corporate roles. This reflects ongoing efforts to streamline operations and focus resources where they are most needed amid a rapidly changing retail landscape. As JCPenney moves forward, these closures underscore the challenges traditional department stores face in adapting to new shopping behaviors and economic pressures. For customers in affected cities, the May 25 shutdown will mark the end of an era, while the retailer continues its search for a sustainable path ahead. The full list of stores closing on May 25 are:
Express Tribune
07-05-2025
- Express Tribune
Weight Watchers bankruptcies: Company looking to restructure $1bn debt
WeightWatchers, the iconic diet brand now operating as WW International, has filed for Chapter 11 bankruptcy protection as it struggles to adapt to a new era dominated by blockbuster weight-loss drugs like Ozempic and Wegovy. The New York-based company announced Tuesday that it would restructure $1.15 billion in debt to better position itself for long-term survival. CEO Tara Comonte assured customers and investors that the brand remains committed to 'science-backed, holistic solutions,' even as traditional diet programs face declining relevance. 'The decisive actions we're taking today, with the overwhelming support of our lenders and noteholders, will give us the flexibility to accelerate innovation, reinvest in our members, and lead with authority in a rapidly evolving weight management landscape,' Comonte said. Despite the bankruptcy filing, WW said its services would continue uninterrupted during the reorganisation, and it expects to emerge as a publicly traded company within 40 days. Founded in 1963 by Jean Nidetch, WeightWatchers became a household name in weight loss, championing calorie counting, support groups, and structured food plans. But the rise of prescription weight-loss drugs has rapidly altered the industry. In response, WW acquired telehealth provider Sequence in 2023 to enter the weight-loss medication market. The pressure intensified last year when Oprah Winfrey stepped down from the board after revealing she was using anti-obesity medication. Meanwhile, shares of Novo Nordisk—the maker of Wegovy—surged 6% Wednesday after the FDA ordered a halt to copycat versions of the drug. As the weight-loss conversation shifts from diets to pharmaceuticals, WW faces the biggest reinvention of its six-decade history.
