The JCPenney store at Georgia Square mall will not be among the almost 140 stores the retailer is shuttering nationwide, according to a list released by the company on Friday.
But the retail giant said it is reducing operations and starting liquidation sales at the shuttered stores in April to help cut expenses “to advance sustainable growth and long-term profitability”.
Also on the list of stores that will close include stores in Wahpeton and Jamestown in North Dakota, Mitchell, Pierre, Watertown and Yankton in South Dakota and Helena and Sidney in Montana.
The total store closures represent around 13 percent of the current number of Penney’s stores.
The store at the East Hills Shopping Center in St. Joseph will remain open, according to information provided on the J.C. Penney website.
The company, founded in Wyoming in 1902, operated more than 1,000 stores nationwide as of 2016.
On Friday, J.C. Penney released the full list of 138 stores it plans to close this year, amounting a loss roughly 5,000 jobs nationwide.
The company said today the moves are likely to affect 5,000 employees, which will receive support from the retailer. Now, it has unveiled a new round of layoffs that will result in 140 stores closing down.
One reason for the decision to close stores is the rise of online retailers, which Ellison referred to as a “growing threat” to J.C. Penney’s business.
Outplacement services will be available for those workers not retained, the company said.
An obvious part of the corporate-level restructuring, the announcement of closings was also coupled with early retirement incentives for about 6,000 eligible employees.