http://www.cnbc.com/2017/02/24/jc-penney-earnings-q4-2016.html
http://www.usatoday.com/story/money/2017/02/24/jc-penney-store-closures/98344540/
Wow They were once the biggest stores but now falling apart.
JCPenney better not close their Crossgates Mall store. I'd be left with nowhere to shop for clothes. It's hard to find anything that fits my body properly, fits my lifestyle, doesn't cost 10 million dollars, and actually lasts more than a couple months and is machine washable and dryable (especially in a convenient location). I can't shop online because it's impossible to tell how something will fit or feel through a computer screen. I don't understand how anyone can buy any article of clothing online, unless it's something you can't buy anyways or you're just ordering more of something you already have.
I buy a lot of my IZOD clothes from JCPenney, although I have bought some from Macy's, Kohl's, and Amazon as well. Even though we don't have stores in Arizona, I have even bought some IZOD clothes from the websites of Belk and Bealls Florida as well.
Of the Arizona stores, I hope they don't close neither the Superstition Springs nor the Mill Crossing locations. However, if I had to pick only one of the two to stay open, I would prefer they keep Superstition Springs since it is a larger store with more selection, even though I live closer to Mill Crossing.
Quote from: vdeane on February 24, 2017, 05:57:59 PM
JCPenney better not close their Crossgates Mall store. I'd be left with nowhere to shop for clothes. It's hard to find anything that fits my body properly, fits my lifestyle, doesn't cost 10 million dollars, and actually lasts more than a couple months and is machine washable and dryable (especially in a convenient location). I can't shop online because it's impossible to tell how something will fit or feel through a computer screen. I don't understand how anyone can buy any article of clothing online, unless it's something you can't buy anyways or you're just ordering more of something you already have.
I like Penney because they have typically carried clothes I like and that fit and don't cost a fortune, although they recently stopped carrying the Towncraft khakis that I've bought from them for years that are my work staple.
As for ordering online, make sure the merchant has a good returns policy and you're OK. When I recently found that Penney no longer carries my Towncraft khakis, I ordered some Dockers that were on sale. They were too big so I had to return them. I actually dropped them off at a retail location and ordered my replacements while I was there, and had them shipped to my home.
Quote from: vdeane on February 24, 2017, 05:57:59 PM
JCPenney better not close their Crossgates Mall store. I'd be left with nowhere to shop for clothes. It's hard to find anything that fits my body properly, fits my lifestyle, doesn't cost 10 million dollars, and actually lasts more than a couple months and is machine washable and dryable (especially in a convenient location). I can't shop online because it's impossible to tell how something will fit or feel through a computer screen. I don't understand how anyone can buy any article of clothing online, unless it's something you can't buy anyways or you're just ordering more of something you already have.
Kohl's.
Anyone else find it strange (maybe even laughable) that they re-introduced appliances into their lineup? I wasn't even alive the last time they sold appliances.
Quote from: Rothman on February 24, 2017, 11:19:50 PM
Quote from: vdeane on February 24, 2017, 05:57:59 PM
JCPenney better not close their Crossgates Mall store. I'd be left with nowhere to shop for clothes. It's hard to find anything that fits my body properly, fits my lifestyle, doesn't cost 10 million dollars, and actually lasts more than a couple months and is machine washable and dryable (especially in a convenient location). I can't shop online because it's impossible to tell how something will fit or feel through a computer screen. I don't understand how anyone can buy any article of clothing online, unless it's something you can't buy anyways or you're just ordering more of something you already have.
Kohl's.
Ugh. I don't much like Kohl's, and they fail to carry much big & tall.
I suspect that a lot of dead mall stores where they are the last or next to last anchor standing will go. My candidates for Illinois: Galesburg, Alton, Effingham, and Mt Vernon.
Already lost a JC Penney in my area the last wave of closings. Became our first Boscov's. I can see a standalone store in Torrington closing. Wouldn't be surprised if they pull out of Waterbury as well. Most of the others (Westfarms, Buckland Hills, Trumbull, Danbury, Milford, and Waterford) are safe because they're either in higher end well visited malls, or they're the only location within a 30 mile radius.
I noticed in my area Forever 21 and others have taken over some of the JCPenneys and the shoe palace as destination stores in my area.
But then again I will bet blame Amazon, Wal-Mart, Target, Alibaba and Ebay will all come into play here.
Quote from: DaBigE on February 24, 2017, 11:33:03 PM
Anyone else find it strange (maybe even laughable) that they re-introduced appliances into their lineup? I wasn't even alive the last time they sold appliances.
We drove by Florence Mall on Friday the 24th and noticed the banner advertising appliances. My wife said, "Since when did Penney's start selling appliances? Did they ever do that before?" Now she is 50 and I'm 55 and neither one of us can recall Penney's ever selling appliances.
Quote from: amroad17 on February 25, 2017, 11:43:45 PM
Quote from: DaBigE on February 24, 2017, 11:33:03 PM
Anyone else find it strange (maybe even laughable) that they re-introduced appliances into their lineup? I wasn't even alive the last time they sold appliances.
We drove by Florence Mall on Friday the 24th and noticed the banner advertising appliances. My wife said, "Since when did Penney's start selling appliances? Did they ever do that before?" Now she is 50 and I'm 55 and neither one of us can recall Penney's ever selling appliances.
They sold appliances from 1962 to 1983, along with paint & hardware, sporting goods, automotive (with auto centers). They also sold electronics from 1962 to 1987.
There were even years when JC Penney dabbled in auto repair...disastrously. They offered lifetime guarantees...on batteries. Some local lady got it and has had some ridiculous number of batteries replaced on her very patched-up car over the decades (the guarantee was shifted to other companies as JC got out of the business).
Quote from: Rothman on February 26, 2017, 10:17:31 AM
There were even years when JC Penney dabbled in auto repair...disastrously. They offered lifetime guarantees...on batteries. Some local lady got it and has had some ridiculous number of batteries replaced on her very patched-up car over the decades (the guarantee was shifted to other companies as JC got out of the business).
Based on the varying fine print on batteries bought at service departments; you could conceivably keep getting fresh batteries quite frequently (even for the life of the vehicle) if you barely drive. People who drive very short distances also put a number on on the cells, they just don't get enough of a chance to recharge. Customers who drove ~2000 miles a year pretty much got new ones on a regular basis since the parasitic draw on the battery from remaining static for so long wiped it out. Couple that with people who accidentally left doors open, dome lights on, et al and they pretty much got new ones if they were in warranty or the battery warranty period was still in the 100%-replacement period.
Back when I wrote service, I surmised that a couple of customers "gamed the system" a bit, but I don't think there were enough of those customers to fear massive profit loss, never mind it wasn't worth arguing with someone who held a part of your paycheck in your hand by means of a customer satisfaction survey. (Besides, customers who had issues resolved promptly with a new battery were usually happy campers, since they typically feared the worst gremlins were manifesting in their vehicles). We're not really up to the technological point where you can tell if the cold-cranking amperage loss was due to a door/trunk left open; only a simple charging system check. Unless they're complaining of their third battery replacement in as many days, or some other electrical behavioral oddity, you're typically not recommending a deep electrical diagnosis or the vehicle is acting strange.
They closed our JC Penney's last month; we miss the $20 family-pack photography (with the occasional upsell) was a great deal. It does provide me the excuse to buy fancier photography equipment, but so far the Office of Witnessing Indoor Foto Expenditures has denied most claims...I really don't want to fuss with a $2000 printer, anyhow.
https://www.viceland.com/en_us/video/ghost-mall/57bddb2fa39540ed4498faec
https://www.vice.com/en_us/article/viceland-abandoned-premiere-rick-mccrank-skating
Even Some of the abandoned department stores was featured on Vice!
Quote from: Brandon on February 25, 2017, 08:43:10 AM
Quote from: Rothman on February 24, 2017, 11:19:50 PM
Quote from: vdeane on February 24, 2017, 05:57:59 PM
JCPenney better not close their Crossgates Mall store. I'd be left with nowhere to shop for clothes. It's hard to find anything that fits my body properly, fits my lifestyle, doesn't cost 10 million dollars, and actually lasts more than a couple months and is machine washable and dryable (especially in a convenient location). I can't shop online because it's impossible to tell how something will fit or feel through a computer screen. I don't understand how anyone can buy any article of clothing online, unless it's something you can't buy anyways or you're just ordering more of something you already have.
Kohl's.
Ugh. I don't much like Kohl's, and they fail to carry much big & tall.
I suspect that a lot of dead mall stores where they are the last or next to last anchor standing will go. My candidates for Illinois: Galesburg, Alton, Effingham, and Mt Vernon.
LaSalle-Peru also
They opened up a store in the Baltimore suburb of Abingdon, Maryland around 2011 right by the Wegmans store there. I don't know if that one is "safe", I'm afraid.
Heh. I still remember the media frenzy here some 32 years ago when the JC Penney at Springfield Mall was visited by two well-known Brits who were in town to visit President Reagan. The store was running a "Best of Britain" event, which is why they chose to visit (hard to imagine them going to a JC Penney otherwise, especially at Springfield Mall).
She bought an $8 silk scarf, I believe.
(https://www.aaroads.com/forum/proxy.php?request=http%3A%2F%2Fi31.photobucket.com%2Falbums%2Fc378%2F1995hoo%2F4843280637b8e80f9be1cc8874771c23_zpsxzjcx9f6.jpg&hash=278f63d8fc91882d6dfc8229e00406829a245f16)
Funny...Just bought a scarf from the JCP at the Springfield Mall Town Center last week. Wool, not silk, and no royals present.
Quote from: ET21 on February 26, 2017, 04:00:30 PM
Quote from: Brandon on February 25, 2017, 08:43:10 AM
Ugh. I don't much like Kohl's, and they fail to carry much big & tall.
I suspect that a lot of dead mall stores where they are the last or next to last anchor standing will go. My candidates for Illinois: Galesburg, Alton, Effingham, and Mt Vernon.
LaSalle-Peru also
I still don't see how that area can support a mall.
Quote from: inkyatari on February 27, 2017, 02:01:41 PM
Quote from: ET21 on February 26, 2017, 04:00:30 PM
Quote from: Brandon on February 25, 2017, 08:43:10 AM
Ugh. I don't much like Kohl's, and they fail to carry much big & tall.
I suspect that a lot of dead mall stores where they are the last or next to last anchor standing will go. My candidates for Illinois: Galesburg, Alton, Effingham, and Mt Vernon.
LaSalle-Peru also
I still don't see how that area can support a mall.
There are 19,000 in Ottawa, 10,000 in LaSalle, 10,000 in Peru, 14,000 in Streator, and others nearby. That's over 53,000 people within 20 miles.
Somebody expalin this to me.
How does it make sense to announce you are closing "130 to 140" of your c.1000 stores, without a list? I would think that the best workers would not want the risk of suddenly being out of work along with everybody else in the store and would thus do the "bird in the hand" idea and get another job now. I would also think that most customers would anticipate a "going out of business" blow out sale and withhold current purchases.
Why aren't I surprised by this? It's the death of shopping malls as we know it.
Quote from: SP Cook on February 28, 2017, 09:31:13 AM
Somebody expalin this to me.
How does it make sense to announce you are closing "130 to 140" of your c.1000 stores, without a list? I would think that the best workers would not want the risk of suddenly being out of work along with everybody else in the store and would thus do the "bird in the hand" idea and get another job now. I would also think that most customers would anticipate a "going out of business" blow out sale and withhold current purchases.
The list will be announced in mid-March. JCPenney is probably currently identifying its lowest performing locations.
According to MarketWatch, many of the closures will be smaller stores in rural areas:
http://www.marketwatch.com/story/jc-penney-to-close-130-to-140-stores-sales-dip-2017-02-24-12485289
Quote from: Pink Jazz on February 28, 2017, 11:25:24 AM
Quote from: SP Cook on February 28, 2017, 09:31:13 AM
Somebody expalin this to me.
How does it make sense to announce you are closing "130 to 140" of your c.1000 stores, without a list? I would think that the best workers would not want the risk of suddenly being out of work along with everybody else in the store and would thus do the "bird in the hand" idea and get another job now. I would also think that most customers would anticipate a "going out of business" blow out sale and withhold current purchases.
The list will be announced in mid-March. JCPenney is probably currently identifying its lowest performing locations.
According to MarketWatch, many of the closures will be smaller stores in rural areas:
http://www.marketwatch.com/story/jc-penney-to-close-130-to-140-stores-sales-dip-2017-02-24-12485289
Their accounting department is well aware of their lowest performing stores. These are standard reports in any company, looked at on a monthly basis. Most companies, with their modern register systems could pull up their sales done just a few minutes ago at headquarters if they wanted.
Most likely, they're simply determining where they want to cut off that list. Or, they could see their true worst performers, but decide to keep a few of them alive based on reasons that range from known closings of other stores in the same area to the CEO's daughter-in-law likes to shop there. Or, they could say that a store is performing relatively well, but rent and other expenses are just too high, contributing to a less-successful store. You and I will never know the exact performance of any store.
Of the Phoenix area stores, I'm not sure if any of them will close. Of the three dying malls in the area (Desert Sky, Metrocenter, and Fiesta), the former two already had their JCPenney stores close, and the latter never had a JCPenney. The other three malls with JCPenney stores (Arrowhead Towne Center, Superstition Springs Center, and Paradise Valley Mall) seem to be doing fine, even though PV Mall has seen a few of its non-anchor stores close (although not to the degree of Desert Sky, Metrocenter, or Fiesta), however it has survived the latest round of Macy's and Sears store closures. The rest of the JCPenney stores in the Phoenix area are newer smaller format stores.
No stores in the Phoenix area are included in the latest Macy's store closure list, so this could be a sign of hope for our JCPenney stores.
Quote from: Pink Jazz on February 28, 2017, 11:25:24 AM
Quote from: SP Cook on February 28, 2017, 09:31:13 AM
Somebody expalin this to me.
How does it make sense to announce you are closing "130 to 140" of your c.1000 stores, without a list? I would think that the best workers would not want the risk of suddenly being out of work along with everybody else in the store and would thus do the "bird in the hand" idea and get another job now. I would also think that most customers would anticipate a "going out of business" blow out sale and withhold current purchases.
The list will be announced in mid-March. JCPenney is probably currently identifying its lowest performing locations.
According to MarketWatch, many of the closures will be smaller stores in rural areas:
http://www.marketwatch.com/story/jc-penney-to-close-130-to-140-stores-sales-dip-2017-02-24-12485289
What's interesting is that the CEO wants a broader base than the apparel. The move into home appliances, IMHO, makes sense with the weakness of Sears. The original reason Penney's got out of appliances in 1983 was the strength of both Sears and Montgomery Ward in that area (same with auto centers). With Ward's gone and Sears weak, it makes sense to move back into there again. Having seen the department at my local Penney's, it's like the appliance departments at Best Buy, HH Gregg, and Home Depot (no surprise there); all of which are very nice and easy to navigate, unlike the rows of appliances at Sears or Menards (in fact, I think I found my new fridge there - gotta save up enough for it).
As a side note, I was just in my local mall (Louis Joliet Mall), and I noticed that three of the four anchors were busy (4:30 pm on a Sunday). Carson's had a decent amount of people. Macy's even had people with bags going in and out. Penney's (where I shopped), had a steady stream of customers three to four deep at each register, but moving quickly. Sears, on the other hand, for lack of a better term, was dead. It was even obvious traffic-wise in the mall itself. Most of the mall was actually pretty crowded, but the Sears wing had very little traffic, even with the MC Sports and Family Christian going-out-of-business sales (both are right next to Sears in the Sears court).
Quote from: Brandon on February 28, 2017, 03:56:29 PM
Quote from: Pink Jazz on February 28, 2017, 11:25:24 AM
Quote from: SP Cook on February 28, 2017, 09:31:13 AM
Somebody expalin this to me.
How does it make sense to announce you are closing "130 to 140" of your c.1000 stores, without a list? I would think that the best workers would not want the risk of suddenly being out of work along with everybody else in the store and would thus do the "bird in the hand" idea and get another job now. I would also think that most customers would anticipate a "going out of business" blow out sale and withhold current purchases.
The list will be announced in mid-March. JCPenney is probably currently identifying its lowest performing locations.
According to MarketWatch, many of the closures will be smaller stores in rural areas:
http://www.marketwatch.com/story/jc-penney-to-close-130-to-140-stores-sales-dip-2017-02-24-12485289
What's interesting is that the CEO wants a broader base than the apparel. The move into home appliances, IMHO, makes sense with the weakness of Sears. The original reason Penney's got out of appliances in 1983 was the strength of both Sears and Montgomery Ward in that area (same with auto centers). With Ward's gone and Sears weak, it makes sense to move back into there again. Having seen the department at my local Penney's, it's like the appliance departments at Best Buy, HH Gregg, and Home Depot (no surprise there); all of which are very nice and easy to navigate, unlike the rows of appliances at Sears or Menards (in fact, I think I found my new fridge there - gotta save up enough for it).
As a side note, I was just in my local mall (Louis Joliet Mall), and I noticed that three of the four anchors were busy (4:30 pm on a Sunday). Carson's had a decent amount of people. Macy's even had people with bags going in and out. Penney's (where I shopped), had a steady stream of customers three to four deep at each register, but moving quickly. Sears, on the other hand, for lack of a better term, was dead. It was even obvious traffic-wise in the mall itself. Most of the mall was actually pretty crowded, but the Sears wing had very little traffic, even with the MC Sports and Family Christian going-out-of-business sales (both are right next to Sears in the Sears court).
I have noticed that in our local malls (Superstition Springs Center, Chandler Fashion Center) too that Sears is generally the least crowded of the anchor stores.
The list is out. Notable at least for my area is the store at Lakeview Square Mall, which is already losing its Macy's.
http://www.jcpnewsroom.com/news-releases/2017/assets/0317_list_of_store_closures.pdf
No surprise that Peru Mall in Peru, IL is a location set to close.
Good to see the freestanding in Matteson IL is staying.
(semi-unrelated topic, Lincoln Mall in Matteson was ordered by a judge in February to be torn down immediately. Lincoln Mall used to have a JCP. It closed,and two years later, they built a freestanding behind the mall http://www.chicagotribune.com/suburbs/daily-southtown/news/ct-sta-lincoln-mall-demolition-st-0316-20170316-story.html)
Looks mostly like a rural purge of small stores. Makes some sense if the object is to expand the offerings, including appliances in the stores. Very surprised not to see Sandburg Mall (Galesburg) or Alton Square (Alton) on the list.
Luckily none of the Phoenix area stores made the list of closures. The only store in Arizona that is closing is the Riverview Mall location in Bullhead City.
Interestingly, even though it was listed on Morningstar Credit Ratings vulnerable locations, the location at El Con Center in Tucson is not included on the closure list.
None in Kentucky being closed.
Quote from: Brandon on March 17, 2017, 11:12:11 AM
Looks mostly like a rural purge of small stores. Makes some sense if the object is to expand the offerings, including appliances in the stores. Very surprised not to see Sandburg Mall (Galesburg) or Alton Square (Alton) on the list.
Yep (I noticed places like Dublin and Tifton, GA and Oxford, MS), along with killing off stores in dying malls like the Macon Mall here.
Surprised CT Post Mall Penneys is closing. Guess they felt it was too close to Trumbull. I thought the freestanding Torrington one would bite the dust.
Quote from: bing101 on February 24, 2017, 01:23:21 PM
http://www.cnbc.com/2017/02/24/jc-penney-earnings-q4-2016.html
http://www.usatoday.com/story/money/2017/02/24/jc-penney-store-closures/98344540/
Wow They were once the biggest stores but now falling apart.
Belk has a good selection of Big and Tall. Of course it would be online for you since you are not in their footprint. They have really good deals on clearance as well.
Quote from: Avalanchez71 on March 17, 2017, 09:50:15 PM
Belk has a good selection of Big and Tall. Of course it would be online for you since you are not in their footprint. They have really good deals on clearance as well.
That's handy for me to know. (Says the guy who remembers when they were Belk-Simpson.)
It looks like the only one of the stores that are closing that I have been to is the one in the Blue Ridge Mall in Hendersonville NC. Granted, I haven't been in that store since 1999.
Quote from: Avalanchez71 on March 17, 2017, 09:50:15 PM
Quote from: bing101 on February 24, 2017, 01:23:21 PM
http://www.cnbc.com/2017/02/24/jc-penney-earnings-q4-2016.html (http://www.cnbc.com/2017/02/24/jc-penney-earnings-q4-2016.html)
http://www.usatoday.com/story/money/2017/02/24/jc-penney-store-closures/98344540/ (http://www.usatoday.com/story/money/2017/02/24/jc-penney-store-closures/98344540/)
Wow They were once the biggest stores but now falling apart.
Belk has a good selection of Big and Tall. Of course it would be online for you since you are not in their footprint. They have really good deals on clearance as well.
I have occasionally bought some IZOD shirts online from Belk. However, lately I have been buying several from BeallsFlorida.com due to their great deals and low shipping rates.
Any beauty item ships free. They have buy one get two free mens pants until about 11:59 EST tonight as well.
Quote from: Brandon on March 17, 2017, 11:12:11 AM
Looks mostly like a rural purge of small stores. Makes some sense if the object is to expand the offerings, including appliances in the stores. Very surprised not to see Sandburg Mall (Galesburg) or Alton Square (Alton) on the list.
Perhaps that's true for many of JCPenney's closures, but in my home state, nearly half of the closures are in large, prosperous malls in the Philadelphia metro area: King of Prussia, Philadelphia Mills, and Willow Grove. Another JCPenney store in a similarly large and successful mall (Exton Square) closed a few years ago.
I can't say I'm surprised to see my hometown store (Lycoming Mall) on that list. You could probably count Williamsport as part of a rural purge, although considering that Lycoming is the only indoor mall serving a metro of about 117,000, it likely wasn't among the smallest or most rural on the list of closures.
Ironically, JCPenney was the last department store to defect from downtown Williamsport to the Lycoming Mall–over a decade after Sears and Woolworth had moved to the mall, and after local department stores like L. L. Stearns had given up the ghost. Now downtown Williamsport has undergone an incredible renaissance, and the mall is ailing.
Actually, I wonder what future the Lycoming Mall possibly has. The mall's Macy's is slated for closure. Now JCPenney. Should the mall's Sears follow suit, Lycoming's only remaining department store will be Bon-Ton–with three vacant anchors. I can't imagine any legitimate retailer filling any of those spaces except perhaps Boscov's, which seems to specialize in lost causes. I've seen instances where former mall anchors are replaced by junky flea markets, fly-by-night schlock retailers like Steve and Barry's, and even cheaply built indoor mini golf courses, and the result just prolongs the sad, slow death of an ultimately doomed mall.
The Lycoming Mall had been expanding outward for a number of years, attracting several outparcels surrounding the mall's parking lot (Best Buy, Pier 1, Sam's Club), most of which survive today–plus second outdoor shopping center anchored by a Target just off mall property. These have been joined by several restaurants, car dealerships, and other businesses–none of which existed prior to the mall. In an intersting parallel to cities that grew and suburbanized prior to an ultimate decline, these parasitic retailers may find themselves "suburbs" of a core (the mall) that no longer exists in any meaningful way.
My grandfather was the assistant manager of the JC Penney store in downtown Marquette back in the 1940s when he was dating and married to my grandmother. When I finally met him in 1988 on a trip of his back to Michigan, he remarked how the store in Ishpeming would run sales and undercut the prices at his store in Marquette. A few years later, corporate merged the two stores together and moved the combine operations out to the Westwood Mall when the mall expanded.
The former Ishpeming store's building was used for a few other enterprises before it was torn down a few years ago. The former downtown Marquette store was purchased by MFC First National Bank of Marquette (later MFC Bank, now Wells Fargo). Since both the main branch of the bank and the Penney's store are faced with the local sandstone, the bank was able to construct a breezeway to connect them and tie them together. The bank has offices upstairs in the old store building, and our local CVB operates a tourist information center out of the ground floor.
As for the fate of the Westwood Mall location? It closed in 2014. Now all of the remaining Upper Peninsula JC Penney locations are closing.
Wow, I had no idea Astoria, La Grande, Pendleton, The Dalles, OR, or Burley, ID even had JC Penney stores, and I've driven through the town of most of those. Guess I'm not surprised, they aren't exactly big cities, and I imagine the likes of Walmart and Fred Meyer (each of those cities has one or the other) ate into most of their market. Good to see the Nampa, ID location not closing. The area it is in is a pretty new and nice area (the hospital is opening a new full hospital there, and a new WinCo just opened, and it's right by the freeway), though the Macy's there just closed.
Quote from: doorknob60 on March 23, 2017, 05:19:19 PM
Wow, I had no idea Astoria, La Grande, Pendleton, The Dalles, OR, or Burley, ID even had JC Penney stores, and I've driven through the town of most of those. Guess I'm not surprised, they aren't exactly big cities, and I imagine the likes of Walmart and Fred Meyer (each of those cities has one or the other) ate into most of their market. Good to see the Nampa, ID location not closing. The area it is in is a pretty new and nice area (the hospital is opening a new full hospital there, and a new WinCo just opened, and it's right by the freeway), though the Macy's there just closed.
I think a part of it is to do with size as well. I noticed that many of these stores (King of Prussia notwithstanding) are under 50,000 SF in size, and many of them are 20,000 - 30,000 SF in size. If the CEO is serious about adding more than apparel, then the smaller stores simply don't make sense anymore (they didn't even during the era they had the full-line stores [appliances, electronics, auto service, hardware, etc]). To be able to have a Sephora and appliances in each store, they really need to be no less than 80,000 SF in size.
I think some of these closing are for poor sales, maybe 30-40 of them. The rest are a purge of small rural stores, and even duplicate stores (see McAllen, TX - the downtown store is closing, but the much larger mall store only a couple miles away is being kept) or stores simply too close to each other. Given what I've seen of Kohl's, I suspect they'll have to do something similar in the not-so-distant future.
Wonder if JC Penney will outlive Sears?
Quote from: roadman65 on March 30, 2017, 08:33:30 PM
Wonder if JC Penney will outlive Sears?
I believe they will. I think they're adapting well, whereas Sears is being run into the ground by a dumbsh*t
Quote from: roadman65 on March 30, 2017, 08:33:30 PM
Wonder if JC Penney will outlive Sears?
Yeah they should. JCP has at least tried ways to stay alive whereas Sears has been dying a slow painful death
The JCPenney locations I've been too have been busy enough. I think they're restructuring and refocusing on urban areas to compensate for the fact that people don't need to go to malls to buy clothes any more. Contrast to Sears/Kmart, which is just throwing buzzwords around while everything shrinks, becomes more dilapidated, and generally dead and empty inside.