(Photo by KENA BETANCUR / Getty)
Four Ohio JCPenney locations are among 138 store closures planned by the parent company of JCPenny, including the store at Richmond Town Square in Richmond Heights.
Most of the stores on the list will close in June, with liquidation sales starting April 17th. 5000 employees will be either let go or relocated. JCPenny released the following statement:
As part of a continuing effort to advance sustainable growth and long-term profitability, J. C. Penney Company,Inc. will be closing 138 stores, one supply chain facility in Lakeland, Fla., and relocating one supply chain facility in Buena Park, Calif., to align the Company’s physical store footprint and omni channel network. Approximately 5,000 positions nationwide will be impacted by the store closures.