J.C. Penney
Since declaring bankruptcy and shutting more than 150 stores last year, J.C. Penney will shut more stores this spring. The department store chain revealed in December that it intends to close a further 15 stores before the end of March 2021. “We also decided to close an additional 15 stores as part of our shop optimization plan, which started in June with our financial restructuring,” J.C. Penney said in a statement to USA Today. “These stores will launch liquidation sales later this month and close to the general public in mid to late March.”
J.C. Penney
Francesca’s
Francesca announced in November 2020 that it would shut about 140 stores by the end of January 2021. In December, the women’s boutique chain filed for Chapter 11 bankruptcy, with plans to sell the business, including its brick-and-mortar locations. According to USA Today, the firm currently has 558 stores operating but “plans to renegotiate a variety of leases through this process, which could entail closing new boutiques,” according to a statement provided to the publication.
Francesca’s
