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Thursday, January 16, 2014

J.C. Penny To Close 33 Stores - An Opportunity To Save!


Whenever someone of a particular age groups hears about the closing of a store with history, it tends to evoke thoughts of nostalgia, or memories of simpler times and experiences in that store. When J.C. Penny announced this week that it was closing some 33 stores around the country in an effort to save the struggling retailer some more than $60 million in annual costs and expenditures (and ending some 2,000 positions), this was probably the thinking that entered into the minds of some longtime and loyal customers of the chain. However, what I and other penny pinchers thought upon hearing this news was the opportunity to save money in the upcoming inventory liquidations that are sure to come in the wake of the closings. Granted, some stores will be moving their inventories to higher-performing stores designated to stay open, more isolated stores will probably be the ones to begin slashing prices in order to reduce their stocks in preparations for the closings, which are slated to being this New Year.
Below is a list of the stores slated to close, as reported by the Wall Street Journal yesterday. It is highly-advised that those looking for deals—especially in the vicinity of these particular stores—to keep a sharp eye out for sales indicating the beginning of inventory reduction.




AL
Selma
Selma Mall
CA
Rancho Cucamonga
Arrow Plaza
CO
Colorado Springs
Chapel Hills Mall
CT
Meriden
Meriden Square
FL
Leesburg
Lake Square Mall
FL
Port Richey
Gulf View Square
IA
Muscatine
Muscatine Mall
IL
Bloomingdale
Stratford Square Mall
IL
Forsyth
Hickory Point Mall
IN
Marion
Five Points Mall
IN
Warsaw
Marketplace Shopping Center
MD
Salisbury
The Centre at Salisbury
MI
Marquette
Westwood Plaza
MN
Worthington
Northland Mall
MS
Gautier
Singing River Mall
MS
Natchez
Natchez Mall
MT
Butte
Butte Plaza Shopping Center
MT
Cut Bank
(N/A)
NC
Kinston
Vernon Park Mall
NJ
Burlington
Burlington Center
NJ
Phillipsburg
Phillipsburg Mall
OH
Wooster
Wayne Towne Plaza
PA
Exton
Exton Square Mall
PA
Hazleton
Laurel Mall
PA
Washington
Washington Mall
TN
Chattanooga
Northgate Mall
VA
Bristol
Bristol Mall
VA
Norfolk
Military Circle Mall
WI
Fond Du Lac
Forest Mall
WI
Janesville
Janesville Mall
WI
Rhinelander
Lincoln Plaza Center
WI
Rice Lake
Cedar Mall
WI
Wausau
Wausau Mall


And as with any store closing, prices will invariably being to cut more the closer each store gets to actually shutting its doors. The closing of these J.C. Penny’s stores might actually be an opportunity in disguise to do a little early gift-shopping in anticipation of next Christmas…or to indulge in a little self-pampering with savings on high-end merchandise. Stay tuned!

1 comment:

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