JCPenney

JCPenney is closing a handful of stores in eight states by mid-2025 due to expiring leases and market changes, unrelated to its recent merger with SPARC Group. The company emphasizes these closures are isolated and part of a broader strategy to focus on serving working families and revamping its offerings.

JCPenney is set to close eight stores across eight states by mid-2025, citing expiring leases and market changes. This move is part of the company's ongoing efforts to stabilize operations amidst a challenging retail environment and the rise of e-commerce.