JCPenney is preparing to close a number of its stores in 2025 as the company adapts to ongoing shifts in the retail industry. The legacy department store chain has confirmed that a limited number of locations will shut their doors in the coming months, citing expiring leases and evolving market trends as key factors.
“While we do not have plans to significantly reduce our store count, we expect a handful of JCPenney stores to close by mid-year,” a company spokesperson told FOX Business.
According to SB360 Capital Partners—the firm overseeing liquidation efforts—eight locations across eight states are slated for closure. The move underscores JCPenney’s continued efforts to optimize its footprint and focus resources on stronger-performing markets.
JCPenney will close eight stores across the U.S. in 2025 as part of its ongoing efforts to streamline operations and adapt to shifting retail trends. The closures are expected to take place by mid-year and were attributed to expiring lease agreements and evolving market conditions.
“These decisions are never easy, but they are necessary to support our long-term strategy,” a company spokesperson told FOX Business. “While we do not plan to significantly reduce our store count, we anticipate a handful of closures in the months ahead.”
Stores Set to Close Include:
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The Shops at Tanforan – San Bruno, California
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The Shops at Northfield – Denver, Colorado
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Pine Ridge Mall – Pocatello, Idaho
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West Ridge Mall – Topeka, Kansas
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Annapolis Mall – Annapolis, Maryland
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Asheville Mall – Asheville, North Carolina
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Mall at Fox Run – Newington, New Hampshire
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Charleston Town Center – Charleston, West Virginia
Liquidation sales at these locations are being handled by SB360 Capital Partners.
Importantly, JCPenney has clarified that these closures are not connected to its recent merger with SPARC Group—the parent company of Aéropostale, Brooks Brothers, Eddie Bauer, and other brands. The merger, finalized in January, created a new retail alliance called Catalyst Brands, aimed at integrating operations across six major banners.
Once a cornerstone of American malls, JCPenney has faced years of declining foot traffic and waning sales. The company filed for bankruptcy protection in 2020 at the height of the COVID-19 pandemic, resulting in a major restructuring that led to the closure of nearly one-third of its 846 stores. JCPenney was later acquired by Simon Property Group and Brookfield Asset Management Inc.
Despite its challenges, the company is working to reposition itself as a destination for value-conscious shoppers, particularly working families. CEO Marc Rosen has emphasized JCPenney’s renewed focus on affordability, customer experience, and modernizing stores—backed by a $1 billion investment to revitalize the brand’s footprint.
While the upcoming closures represent another step in JCPenney’s transformation, the company remains committed to maintaining a strong national presence. As the retail environment continues to evolve, the success of JCPenney’s revitalization strategy will be closely watched by industry observers and loyal customers alike.
