As JCPenney is working towards revamping its business in bankruptcy court, it has announced to shut 13 more stores.
The closures are expected to happen sometime around first week of July.
The 13 stores, including 2 in New York, face court approval. JCPenney had recently released a list of 154 stores and it was only last week that it initiated liquidation sales at 136 locations.
The closure of stores comes at a time when there are already talks of many parties showing interest to buy the American retailer.
There has been lately lot of talks about how Brookfield and Simon Property Group are keen to buy JCPenney along with Authentic Brands.
More on this, Jamie Salter, CEO, ABG, expressed optimism that JCPenney still can regain its place. “I think there is a play for JCPenney. It needs a purpose and I have my ideas on what it should be.”
The 13 locations that have been shortlisted are: Mid Valley Mall, Sunnyside, WA; Greenville West Mall, Greenville, MI; Owosso in MI; Omache Shopping CTR, OMAK, WA; Big Rapids, MI; Northtown Village, Alma, MI; Bay City Mall, Bay City, MI; MT Pleasant Shopping CTR, MT Pleasant, MI; Mall at Prince George’s, Hyattsville, MD; Meridian Mall, Okemos, MI; South Shore Mall, Bay Shore, NY; Poughkeepsie Galleria, Poughkeepsie, NY and Sun Valley Mall, Concord.
Last month, the retailer had announced that it will shut 192 stores by February 2021 and then close another 50 stores in 2022.