JCPenney, the 123-year-old department store chain, is selling 119 stores to a private equity firm.
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.
JCPenney will sell off 119 stores to a private equity firm after closing hundreds of locations
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 had over 800 locations in 2020 before trimming down to around 650
‘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
