J.C. Penney announced on Friday that it will close four store in Ohio, part of a move to consolidate brick-and-mortar operations.
The retail chain said in March that it will close up to 140 stores in the coming months, and has now identified those locations. Here are five things to know about what stores will close:
1. JC Penney announced the locations of 138 stores it plans to close. The states with the largest number of closings are North Carolina, Wisconsin, Texas, Minnesota, Illinois, Michigan and Pennsylvania, according to CBS.
2. Stores closing in Ohio include the store at the St. Mary’s Square shopping center in St. Mary’s. Other closing locations in the state include New Towne Mall in New Philadelphia; Richond Town Square in Richmond Heights; and Findlay Village Mall in Findlay.
» STORE CLOSURES: 9 retailers closing stores nationwide this year
3. Liquidation sales for most impacted stores will begin on April 17 and will then close in June.
4. JC Penney said about 5,000 workers will be impacted. Only one distribution center in Florida will close, while another one in California is being relocated.
5. The closing stores represent about 14 percent of the department store’s current operating amount, according to CBS.
FIVE FAST BUSINESS READS