JCPenney store to close on Jasper’s east side

Jasper’s JCPenney store located in the Jasper Manor Shopping Center is one of 138 slated to close in the United States and one of five closing in Indiana.

According to the company, as part of a continuing effort to advance sustainable growth and long-term profitability, J. C. Penney Company, Inc. will be closing 138 stores, one supply chain facility in Lakeland, Fla., and relocating one supply chain facility in Buena Park, Calif., to align the company’s physical store footprint and omnichannel network.

Approximately 5,000 positions nationwide will be impacted by the store closures, most of which will occur in June. JCPenney is in the process of identifying relocation opportunities within the Company for esteemed leaders. Additionally, JCPenney will provide outplacement support services for those eligible associates who will be leaving the Company. Most affected stores will begin the liquidation process on April 17.

“In 2016, we achieved our $1 billion EBITDA target and delivered a net profit for the first time since 2010; however, we believe we must take aggressive action to better align our retail operations for sustainable growth. During the year, it became evident the stores that could fully execute the company’s growth initiatives of beauty, home refresh and special sizes generated significantly higher sales, and a more vibrant in-store shopping environment,” said Marvin R. Ellison, chairman and chief executive officer of JCPenney in a February press release about the closures. “We believe the relevance of our brick and mortar portfolio will be driven by the implementation of these initiatives consistently to a larger percent of our stores. Therefore, our decision to close stores will allow us to raise the overall brand standard of the Company and allocate capital more efficiently.”

5 Responses to JCPenney store to close on Jasper’s east side

  1. Mrs. Ima Ruth Green March 17, 2017 at 1:55 pm #

    Say it ain’t so. I feared this when I heard of the closings last month, but I’m not all that surprised – if certainly disappointed – that ours is one of them. The last couple of times I was in there recently things looked pretty bleak. I’ve shopped at a JCP all my life for just about everything related to clothes and even some appliances and furniture during their heyday of selling such at larger stores. James Cash Penney – what a guy – an interesting success story of a true retail innovator and pioneer.

  2. Michael K. Woolsey March 17, 2017 at 3:17 pm #

    So sad…I loved to buy clothes from this store–JCPenney clothes last forever. Boo–to the corporate headquarters!

  3. Tom March 18, 2017 at 9:28 am #

    Not surprised not one iota! Should have lowered their prices long ago to stay competitive.

    • Mrs. Ima Ruth Green March 19, 2017 at 9:18 am #

      Competitive with who/where? The lesser-quality, variety and selection of clothing found at the various marts, lots, specialty stores and elsewhere? No way. Dollar for dollar on quality, you can’t beat JCP. Yes, everyone has a crud-item story or experience with all stores including some with JCP – and nothing, anywhere, is made like it used to be – but most generally and consistently JCP has/had the best quality clothing for the common folks, outlasting others such as Wards, Newberry’s and such by decades. Indeed to stay competitive like so many, JCP has been adjusting to the changing economic times and of online sales, and downsizing retail operations is a part of that. Thankfully, JCP is still going and there’s always the large store in Evansville, if not nearly so convenient.

  4. Mike Hochgesang March 19, 2017 at 2:41 pm #

    Not surprised as they stopped handling larger sizes. Usually under 40 for Men. Also had best underwear ever but stopped handling them. No reason for guys like me to go there. Forgot about the rule customer is always right.

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