JCPenney closes 4 more stores in Mid-Michigan this summer

MID-MICHIGAN (CNN) (06/23/2020) – JCPenney is approaching its goal of closing 250 stores.

The department store chain announced Tuesday that it is preparing to close another 13 stores forever.

CNN reports that seven of those stores are in Michigan: Greenville, Owosso, Big Rapids, Alma, Bay City, Mt. Pleasant and Okemos.

The remaining stores are in New York, Washington State, Maryland, and California.

Clearance sales at those stores will begin on July 3.

JCPenney filed for bankruptcy last month. The company previously said it expects to close 200 stores by the end of this summer, and that the remaining 50 will be closed next summer.

Clearance sales have already started at 136 stores.

Sales are vital for bankrupt retailers to raise cash during court-supervised reorganizations.

But it is unclear how successful the sales will be.

Many shoppers are still reluctant to venture into the middle of the coronavirus pandemic, while other consumers are cutting back on purchases due to job losses.

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