By: 1808Delaware Staff

Reuters and other sources reported over the weekend that JCPenney is planning to declare bankruptcy and is considering closing 200 of its stores.

According to the Reuters article, which can be accessed here, the current woes of the retailer are tied to the coronavirus pandemic, although there were operating concerns before that.

JC Penney traces its origins back to 1902, when James Cash Penney opened his first store in Kemmerer, Wyoming. The chain rode the wave of suburban exodus in the 1960s and 1970s, opening large department stores as anchors to malls and major shopping centers.

There is no indication yet as to which stores will be closed, including the fate of the Polaris Fashion Place location; 1808Delaware will share that information once it is known.

Source: Wikipedia


1808AM
Sign up here for 1808AM, our incredible weekday morning enewsletter, bringing you the latest Delaware County news -- for free!
You May Also Like

Bar Louie Polaris Location Still Open Despite Closures Elsewhere

National bar and restaurant chain closing sites across Ohio, but not in…

Round 29 Recipients Of The Ohio Historic Preservation Tax Credit Announced

This week, Ohio Governor Mike DeWine and Lt. Governor Jon Husted announced…

Tanger Outlets Adds Stores, Looks To Expand, Business First Reports

By 1808Delaware The very busy Tanger Outlets location on the southeast corner…

The Intel On Intel: The Latest From The Silicon Heartland For The Weekend Of March 26-27

By 1808Delaware Each weekend here at 1808Delaware and 1812Blockhouse we present “The…