J.C. Penney
J.C. Penney will close additional shops this spring after declaring bankruptcy and closing more than 150 locations last year. In December, the department store company said that it plans to shutter an additional 15 locations by the end of March 2021. J.C. Penney stated in a statement to USA Today, “We also chose to shutter an additional 15 shops as part of our shop optimization strategy, which began in June with our financial restructuring.” “These shops will begin liquidation sales later this month and will shut to the public in mid to late March.”
J.C. Penney
Francesca’s
In November 2020, Francesca stated that it would close around 140 shops by the end of January 2021. The women’s boutique chain filed for Chapter 11 bankruptcy in December, with intentions to sell the company, including its physical stores. According to USA Today, the company presently operates 558 shops but “plans to renegotiate a variety of leases via this process, which may result in the closure of additional boutiques,” according to a statement given to the newspaper.
Francesca’s
