JCPenney plans to close a small number of stores in 2025 due to expiring leases and changing market conditions. The company said only a “handful” of locations will shut down by mid-year.
Eight stores across the U.S. are affected, including locations in California, Colorado, Idaho, Kansas, Maryland, North Carolina, New Hampshire, and West Virginia. These closures are not related to its recent merger with SPARC Group, which helped form Catalyst Brands.
JCPenney has faced years of declining sales and foot traffic, filing for bankruptcy in 2020 and closing many stores during restructuring. Now, the company is focusing on affordability, investing $1 billion to improve stores and attract working families.
Despite the closures, JCPenney says it remains committed to stabilizing its business and maintaining a strong presence in key markets.