J.C. Penney has kicked off its first wave of store closing sales as it moves to reduce its retail footprint.
The bankrupt retailer said the sales started at 136 stores on June 17. Penny’s stores are operating under temporary reduced store hours — Monday through Saturday, noon to 7 p.m., and Sunday, 11 a.m.to 6 p.m.— with enhanced safety measures in place. The list of the closing stores can be found on the J.C. Penney blog.
The sales are being conducted under the guidance of a group of disposition firms consisting of Gordon Brothers, Hilco Merchant Resources, Great American Group (a B. Riley Financial company), and Tiger Group
Penney previously said it would start store closing sales at 154 locations this June, but the total has been reduced to 136 — at least as of now.