The JCPenney department store chain entered bankruptcy protection earlier this month. It said it would cut as many as 242 stores – closing the doors to improve its financial picture.
Now, the company put out a list of 150 stores it will close this summer in a first wave. It warned additional closure announcements lie ahead.
In this wave, the stores in Boise and Nampa do not appear on the list. Penney’s operates a store at Boise Towne Square in Boise and at the Nampa Gateway.
Two Idaho locations, both in North Idaho, will shut their doors. The store at the Bonner Mall in Ponderay (near Sandpoint) and the Lewiston Shopping Center in Lewiston will start liquidation sales and end business operations this summer.
“While closing stores is always an extremely difficult decision, our store optimization strategy is vital to ensuring we emerge from both Chapter 11 and the COVID-19 pandemic as a stronger retailer with greater financial flexibility to allow us to continue serving our loyal customers for decades to come,” Chief Executive Jill Soltau said in a statement.
The company said closures would take between 10 and 16 weeks to complete. It didn’t say how many employees would lose jobs due to the shrinking store footprint, or say when additional closures might be announced.
Penney’s closed all its stores nationwide in wake of the COVID-19 pandemic. The two Treasure Valley stores reopened in recent weeks.
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