Syracuse, NY – J.C. Penney said Thursday that it will close its Destiny USA store in Syracuse and six other locations in New York State.
The branches are among the 154 branches nationwide that the department store chain will close in its “first phase” of downsizing as part of its restructuring before the bankruptcy court.
The retailer said he chose the stores after “extensively evaluating their retail space and carefully analyzing store performance and future strategic fit for the company.”
These are the other J.C. Penney stores in New York that are closing:
- Finger Lakes Mall, 1579 Clark Street Road, Auburn
- Batavia city center, 40 Batavia City Ctr, Batavia
- Roseland shopping center, 3225 State Rt 364, Canandaigua
- Sangertown Square Mall, 1 Sangertown Square, New Hartford
- Oswego Plaza, 140 State Route 104, Oswego
- Freedom Mall, 205 Erie Blvd W., Rome
CONTINUE READING: See list of 154 J.C. Penney stores due to close this summer
The company anticipates further phases of store closure in the coming weeks as it reduces its footprint and focuses on its strongest stores and e-commerce flagship store jcp.com.
The store closures for the first round of store closures are expected to sell in 10 to 16 weeks.
“While closing stores is always an extremely difficult decision, our store optimization strategy is critical to ensure that we emerge from both Chapter 11 and the COVID-19 pandemic as a stronger retailer with greater financial flexibility we can serve our loyal customers for decades to come, ”said Jill Soltau, CEO of JC Penney.
“I am incredibly grateful to our talented employees for their continued commitment and passion to meet and exceed our customers’ expectations in this difficult and uncertain time. All affected employees are treated with the greatest respect and respect. “
Even after the closings, J.C. Penney will remain one of the country’s largest clothing and household retailers, Soltau said.
“By June 4, 2020, we’ve reopened nearly 500 stores since government officials eased COVID-19 restrictions, and we’re looking forward to opening more,” she said. “We look forward to welcoming our customers and employees back to these locations, and we will continue to take steps to be best positioned to build on our more than 100-year history.”
Penney petitioned the Texas Southern District Insolvency Court on May 15 for restructuring under Chapter 11 of the United States Bankruptcy Law. At that time, the company had 850 stores and almost 90,000 employees. It said it had received $ 900 million in funding to support the operation during the restructuring.
The Destiny USA store has been closed since March 18 by government order due to the pandemic. His loss will be another blow to Destiny, the largest mall in New York and the sixth largest in the nation.
The pyramid management group that manages the mall has asked Governor Andrew Cuomo to allow the center to reopen as part of the second phase of the state’s regional reopening plan. Cuomo ordered last week that the inner parts of the shopping centers should remain closed, with the exception of the roadside pickup service.
CONTINUE READING: Destiny USA asks New York to rethink the “surprising” decision to keep the malls closed
Rick Moriarty reports on business news and consumer issues. Do you have a tip, comment or story idea? Contact him at any time: E-mail | Twitter | Facebook | 315-470-3148