Overview

• JCPenney will permanently close seven mall-based stores across California, Colorado, Idaho, Kansas, New Hampshire, North Carolina, and West Virginia on May 25, 2025.
• The affected locations include The Shops at Tanforan in San Bruno, California, and Charleston Town Center in West Virginia, among others.
• The closures are described as isolated decisions driven by factors like expiring leases and shifting market conditions, not part of the Catalyst Brands merger strategy.
• Catalyst Brands, formed in January 2025 through a merger with SPARC Group and Forever 21, is cutting 9% of its corporate roles to streamline operations.
• JCPenney continues to operate approximately 650 stores nationwide and focus on its online platform as part of its broader adaptation to evolving consumer habits.