JCPenney closing stores in area, around country

FILE - In this Feb. 19, 2015, file photo, shoppers visit a J.C. Penney store in New York. The Texas-based retailer reports quarterly financial results, Friday, Nov. 13, 2015. (AP Photo/Mark Lennihan, File)

J.C. Penney Company announced they will be closing 130 – 140 stores and 2 distribution facilities over the next few months.

The following stores will be closed in the Upstate and western NC.

NC
Gastonia – Eastridge Mall
Hendersonville – Eastridge Mall

SC
Easley – Town ‘N Country

CLICK HERE FOR FULL LIST OF STORES

They say the move is to align the company’s brick-and-mortar presence with it’s omnichannel network.

“We understand that closing stores will impact the lives of many hard working associates, which is why we have decided to initiate a voluntary early retirement program for approximately 6,000 eligible associates. By coordinating the timing of these two events, we can expect to see a net increase in hiring as the number of full-time associates expected to take advantage of the early retirement incentive will far exceed the number of full-time positions affected by the store closures,” said Marvin R. Ellison, chairman and chief executive officer of JCPenney.

They say the total store closures represent 13 – 14 % of the Company’s current store portfolio and less than 5% of total annual sales.

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