Macy’s rival sells 119 stores

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.   

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