JCPenney will close several stores in 2025 as the retailer continues adjusting to changing market conditions. The company confirmed that a “handful” of locations will shut down in the coming months, mainly due to expiring leases and shifting market dynamics. A spokesperson told FOX Business that while there are no plans for a major reduction in stores, a small number of locations are expected to close by mid-year.

According to SB360 Capital Partners, which is managing liquidation sales, eight JCPenney stores across eight states are scheduled to close. The affected locations include The Shops at Tanforan in San Bruno, California; The Shops at Northfield in Denver, Colorado; Pine Ridge Mall in Pocatello, Idaho; West Ridge Mall in Topeka, Kansas; Annapolis Mall in Annapolis, Maryland; Asheville Mall in Asheville, North Carolina; Mall at Fox Run in Newington, New Hampshire; and Charleston Town Center in Charleston, West Virginia.

JCPenney clarified that these closures are not connected to its recent merger with SPARC Group, the parent company of brands such as Aéropostale, Brooks Brothers, and Eddie Bauer. The merger, completed in January, created a new organization called Catalyst Brands, designed to streamline operations across several retail labels.

The retailer has faced declining foot traffic and slower sales for years, leading it to file for bankruptcy protection in 2020 during the pandemic. After being acquired by Simon Property Group and Brookfield Asset Management, the company closed nearly a third of its 846 stores as part of its restructuring plan. To remain competitive, JCPenney is focusing on affordability and targeting working families while investing $1 billion to modernize its stores. Despite the upcoming closures, the company says it remains committed to strengthening its brand and maintaining a presence in key markets as the retail industry continues to evolve.