J.C. Penney has reported to CNBC that they are closing eight stores and a distribution center this year, putting a total of approximately 1170 employees out of work nationwide. Of those stores, the J.C. Penney’s in Burlington is among them, as well as a smattering of others across the country, all due to wind down and shutter by May of this year.
Penney’s closed nearly 140 of it’s brick-and-mortar stores across the country in 2017, leaving 845 still operating across the country. Spokesperson’s for the retail giant call this move “right-sizing.”
"We continually evaluate our store portfolio to ensure our locations offer the best expression of the JC Penney brand and can function as a seamless extension of our omnichannel experience," a spokesman told CNBC. "During this review, the decision was made to close eight stores across the country.”
Our own Burlington location has been a community staple for a very long time, taking of a large footprint within the mall. The reviews online are generally very upbeat and encouraging, but the location may perhaps be a little too outlying for the corporate headquarters taste.
With the locations remaining, coupled with an online presence, J.C. Penney is hoping to shift their paradigm to heavily market beauty sales and trade, including adding 6,500 stylists to it’s beauty department, which is to be branded ‘The Salon by InStyle.’ Corporate is due to share fourth quarter earnings in early March, just about the time we may be learning what store, if any, can fill the space in the Cascade Mall.
Details courtesy of CNBC