JCPenney revealed which stores it will close nationwide after announcing plans to shut down between 130 and 140 stores a few weeks ago. The list of 138 stores includes four Oklahoma locations.
In February, the company announced it delivered a net profit in 2016 for the first time since 2010. However, it says that the brick-and-mortar stores couldn’t compete with online companies.
As a result, JCPenney is closing 138 stores nationwide. The company says they also plan to close one supply chain facility in Florida and relocating one supply chain in California.
The following JCPenney stores in Oklahoma are set to close:
Pioneer Square Shopping Center in Stillwater
Altus Plaza in Altus
Ne-Mar Shopping Center in Claremore
Ponca Plaza in Ponca City
The overall store closures will impact approximately 5,000 positions nationwide, the company announced.
Most of the stores that are closing are expected to begin the liquidation process on April 17 with most of them closing in June.