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Published: Mon, March 20, 2017
Economy | By Melissa Porter

JC Penney closing three Philadelphia-area stores; 5000 jobs affected nationwide

JC Penney closing three Philadelphia-area stores; 5000 jobs affected nationwide

"We understand that closing stores will impact the lives of many hard working associates, which is why we have made a decision to initiate a voluntary early retirement program for approximately 6,000 eligible associates", Marvin R. Ellison, chairman and CEO of J.C. Penney Co., said in a statement.

Neither the J.C. Penney at The Highlands in Triadelphia nor the one at Fort Steuben Mall in Steubenville are on the list of 138 outlets the retailer announced plans to close Friday. The J.C. Penney in Marshalltown will remain open, at its location inside the Marshalltown Mall. In the statement, Ellison said the company is pleased with the double-digit growth of jcpenney.com.

"Obviously, we are delighted for the mall and the community", said Mall General Manager Ken Huge.

Nine stores will close in Texas, the most of any state.

J.C. Penney stores being closed represent approximately13 to 14 percent of the company's store count and less than five percent of its overall sales, the company said. The store closings are expected to affect 5,000 employment positions nationwide, with Penney noting that it is identifying relocation opportunities for "esteemed leaders" and will provide outplacement services for associates leaving the company.

In addition to the retail stores, one supply chain facility in Lakeland, FL, will close and one supply chain in Buena Vista Park, CA, will relocate.

Four stores are closing in Wisconsin.

The Calcutta store has been at its present location in Summit Square since the early 1990s, having moved there from its original downtown East Liverpool location.

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