Nearly one-third of the J.C. Penney stores in Minnesota will be shutting down in the next few months.
The company, which a few weeks ago said to expect nationwide store closures, revealed Friday morning which locations will be impacted. Eight of Minnesota's 25 J.C. Penney stores are impacted, and all of them are outside the Twin Cities. Here's the list:
Minnesota is one of the hardest-hit states. Only Texas is seeing more J.C. Penney closures at nine, and no other state has more than seven.
In all, the company is closing 138 stores across the U.S., dropping them below 1,000 locations overall. It's also closing one distribution facility, and relocating another.
J.C. Penney says about 5,000 employees will be affected, likely in June. Some "esteemed leaders" could get the opportunity to keep working at different locations, and the company is also instituting a voluntary early retirement program for eligible workers.
Most stores will start the liquidation process on April 17.
The locations being closed are either barely making any money, or will need a lot of investment to bring them up to the “new brand standard” of J.C. Penney, the company said. The stores make up less than 5 percent of J.C. Penney’s annual sales.