
Macy's rival sells 119 stores
Profits from the $947 million sale to Onyx, set to close on September 8, will be used to pay off debts.
The 119 stores are spread across 35 states and Puerto Rico — with Texas having the most affected locations. Scroll down for the full list.
Their future remains uncertain, though for now they remain open.
JCPenney filed for bankruptcy protection in 2020, during which it shut 30 percent of its locations to take the total to 650.
Earlier this year, it shut another seven stores — part of what experts say will be a wave of 15,000-store shutter this year.
Major retail chains including Macy's, Party City, and Big Lots have cut stores in the past 18 months as shoppers shift online.
JCPenney's decline accelerated during the pandemic but it had been the rise of online shopping that was the root of its problems.
After filing for bankruptcy, its stores, warehouses and HQ were split across two companies.
Mall owners Brookfield Asset Management and Simon Property Group took over the core JCPenney business and 490 of its stores.
Copper Property, a trust formed by JCPenney lenders, took control of 160 stores and six distribution centers, including those in the 119-store sale.
Beyond store closures, JCPenney is also cutting jobs by shutting down a warehouse in Texas, which employs around 300 people.
'The stores were sold as part of the bankruptcy agreement which stated real estate assets had to be sold off to help reimburse investors,' retail expert Neil Saunders of GlobalData told Daily Mail.
In January, JCPenney announced it was merging with mall staples like Aéropostale, Brooks Brothers, and Eddie Bauer under a new umbrella called Catalyst Brands.
The newly formed group is being led by JCPenney's former CEO Marc Rosen.
Retail analysts told DailyMail.com they're cautiously optimistic about the future of the retailer.
'JCPenney is midway through a reinvention,' Saunders added.
'There are some signs of success, but they're patchy. The challenge is pulling them together to drive growth.'
JCPenney rival Macy's is shutting 150 stores by 2026, leaving only 350 locations left.
Last year it shut the first 66 stores this year, including its iconic 51-year-old Massapequa store.
Torrid, a once-popular plus-size fashion chain abruptly closed up to 180 stores following a massive sales decline.
Meanwhile, Forever 21 ended its 41-year run after filing for bankruptcy twice in five years.
JCPenney stores being sold
Arkansas
The Mall at Turtle Creek, Jonesboro
Shackleford Crossing, Little Rock
Arizona
Arrowhead Towne Center, Glendale
Superstition Springs Mall, Mesa
Yuma Palms Regional Center, Yuma
Palm Valley Cornerstone, Goodyear
California
Solano Town Center, Fairfield
Westfield Plaza Bonita, National City
Glendale Galleria, Glendale
Huntington Park CBD, Huntington ParK
Westfield Santa Anita, Arcadia
Plaza at West Covina, West Covina
Galleria at Tyler, Riverside
Westfield Palm Desert, Palm Desert
Westfield North County, Escondido
The Shops at Montebello, Montebello
Valley Plaza, Bakersfield
Antelope Valley Mall, Palmdale
Arden Fair Mall, Sacramento
Brea Mall, Brea
Pacific View Mall, Ventura
Northridge Fashion Center, Northridge
Imperial Valley Mall, El Centro
Victoria Gardens, Rancho Cucamonga
The Orchard at Slatten Ranch, Antioch
Colorado
Town Center at Aurora, Aurora
First & Main Town Center, Colorado Springs
Connecticut
The Shoppes at Buckland Hills, Manchester
Westfarms Mall, Farmington
Danbury Fair, Danbury
Florida
Westfield Brandon, Brandon
Westfield Countryside, Clearwater
Westfield Broward, Plantation
Pembroke Lakes Mall, Pembroke Pines
The Mall at Wellington Green, Wellington
Pier Park, Panama City Beach
Georgia
South Point S/C, Mcdonough
Iowa
Coral Ridge Mall, Coralville
Idaho
Boise Towne Square, Boise
Illinois
Orland Square, Orland Park
North Riverside Park Mall, North Riverside
Hawthorn S/C, Vernon Hills
Oakridge Court, Algonquin
Mokena Marketplace, Mokena
Indiana
Hamilton Town Center, Noblesville
Kansas
Oak Park Mall, Overland Park
Kentucky
Florence Mall, Florence
Ashland Town Center, Ashland
Louisiana
Mall of Louisiana, Baton Rouge
Massachusetts
Northshore Mall, Peabody
Maryland
White Marsh Mall, Baltimore
St Charles Town Center, Waldorf
Michigan
Oakland Mall, Troy
Lakeside Mall, Sterling Heights
Twelve Oaks Mall, Novi
Grand Traverse Mall, Traverse City
Rivertown Crossings, Grandville
Waterside Marketplace, Chesterfield Township
Minnesota
Rosedale S/C, Roseville
Missouri
Mid Rivers Mall, St Peters
The Plaza at Shoal Creek, Kansas City
Mississippi
Southaven Towne Center, Southhaven
North Carolina
The Streets at Southpoint, Durham
New Hampshire
The Mall at Rockingham Park, Salem
New Jersey
Rockaway Townsquare, Rockaway
Woodbridge Center, Woodbridge
Newport Centre, Jersey City
Freehold Raceway Mall, Freehold
New Mexico
Coronado Center, Albuquerque
Cottonwood Mall, Albuquerque
Nevada
Meadowood Mall, Reno
Meadows Mall, Las Vegas
Galleria at Sunset, Henderson
New York
Gateway Shopping Center I & II, Brooklyn
Staten Island Mall, Staten Island
The Mall at Bay Plaza, Bronx
Ohio
SouthPark Center, Strongsville
The Mall at Tuttle Crossing, Dublin
Polaris Fashion Place, Columbus
The Shops at Fallen Timbers, Maumee
Stone Creek Towne Center, Colerain Township
Oklahoma
Center Owasso, Owasso
Penn Square Mall, Oklahoma City
Shops at Moore, Moore
Oregon
Clackamas Town Center, Portland (Happy Valley)
Pennsylvania
Westmoreland Mall, Greensburg
The Mall at Robinson T/C, Pittsburgh
High Pointe Commons, Harrisburg
Puerto Rico
Mayaguez Mall, Mayaguez
Plaza Centro, Caguas
Tennessee
Wolfchase Galleria, Memphis
Stones River Mall, Murfreesboro
Texas
Mall Del Norte, Laredo
Golden Triangle Mall, Denton
Midland Park Mall, Midland
Killeen Mall, Killeen
Valle Vista Mall, Harlingen
Post Oak Mall, College Station
New Braunfels T/C at Creekside, New Braunfels
The Parks at Arlington, Arlington
Lakeline Mall, Cedar Park
First Colony Mall, Sugarland
Deerbrook Mall, Humble
Sunrise Mall, Brownsville
Baybrook Mall, Friendswood
Fairmont Center, Pasadena
Southpark Meadows S/C, Austin
Alliance Town Center, Fort Worth
Waxahachie Towne Center Crossing, Waxahachie
El Mercado Plaza, El Paso
Sherman Town Center, Sherman
Teas Crossing, Conroe
The Shops at Stone Park, Houston
Virginia
Southpark Mall, Colonial Heights
Peninsula Town Center, Hampton
Washington
Bellis Fair, Bellingham
Wisconsin
Fox River Mall, Appleton
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