Central Texas stores not on JC Penney closing list
The two J.C. Penney stores in Central Texas are not on the list of 154 stores the Plano-based retailer plans to close in an effort to shrink its footprint.
The chain has stores in Waco’s Richland Mall and Temple’s Colonial Mall, both of which are open with limited hours.
Seven stores in Texas are targeted.
Penney plans to close its stores in Lufkin, Paris, Palestine, Greenville, Huntsville Lewisville and one of its stores in Dallas.
The process could take 10 to 16 weeks to complete.
The company sought bankruptcy protection last month, the biggest retailer to do so since the start of the COVID-19 outbreak.
As part of the filing, Penney said it planned to close nearly a third of its 846 stores in the next two years.
“We will remain one of the nation’s largest apparel and home retailers as we continue to operate a majority of our stores and our flagship store, jcp.com, to ensure our valued customers continue to have access to the products and brands they need and want,” said Jill Soltau, chief executive officer of JCPenney.