Popular department store chain launches closing down sales up to 90% as May 25 deadline looms
A BELOVED department store chain has kicked off massive closing-down sales of up to 90% off
The sales are underway as the May 25 deadline for its final liquidations approaches.
JCPenney, which entered bankruptcy last year and has already shuttered hundreds of underperforming locations, is now marking down inventory in the remaining stores slated for closure.
Shoppers at participating JCPenney outlets can expect steep discounts on apparel, home goods, cosmetics and more.
Many items are tagged as high as 80% and even 90% off their original prices.
Clothing lines from national brands, as well as JCP’s own private labels, are deeply discounted in a bid to clear shelves before leases expire.
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Home decor, including bedding, area rugs and cookware, is also heavily marked down.
LAST CHANCE
The sales offer bargain hunters a last chance to snag major savings.
According to the chain’s website, the closing sales will conclude on May 25.
Stores marked for closure include locations in California, Colorado, Idaho, Kansas, New Hampshire, North Carolina, and West Virginia.
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Each of these stores has begun liquidation events, offering markdowns across all departments to clear out inventory before the doors close for good.
Customers can expect deals ranging from 40% off new arrivals to up to 90% off final clearance items, with additional coupons available through JCPenney’s mobile app and rewards program.
Foot traffic in many regional malls has continued to decline, forcing retailers like JCPenney to reassess their real estate strategies.
JCPenney’s closures follow similar moves by other department‑store mainstays grappling with changing consumer behavior and the rise of ecommerce.
Mall owner Simon Property Group has reported that overall mall occupancy has dipped by nearly 5% over the past two years, mirroring Moody’s Analytics findings of a 7% drop in department‑store traffic.
Retail analysts are uncertain about the future of the department store chain.
JC Penney stores closing on May 25
- San Bruno, CA – The Shops at Tanforan
- Denver, CO – The Shops at Northfield
- Pocatello, ID – Pine Ridge Mall
- Topeka, KS – West Ridge Mall
- Newington, NH – Fox Run Mall
- Asheville, NC – Asheville Mall
- Charleston, WV – Charleston Town Center
Neil Saunders, a retail analyst at GlobalData, speculated that the company would have to capitalize on its winning strategies to get customers back in the door.
"JCPenney is midway through a reinvention," Saunders said.
"There are some signs of success, but they're patchy. The challenge is pulling them together to drive growth."
With less than two weeks remaining before the May 25 cut-off, the store is hoping that sales will drive further foot traffic.
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Though the clock is ticking for deal-hungry shoppers, there is still time to bank on the enormous discounts.
For those budget-conscious shoppers, this sale period is one of the biggest opportunities of the year to nab high-value items at a fraction of their original cost.