J.C. Penney is closing 130-140 stores – and soon

There are 25 J.C. Penney Stores in Minnesota.

More than 100 J.C. Penney stores and two distribution facilities will close this year as part of a plan to cut costs and help the company make more money.

J.C. Penney announced Friday morning 130-140 stores in the U.S. will shut down during the second quarter of 2017 (so April-June sometime). Which stores? They won't say right now, but plan to release the full list in mid-March.

J.C. Penney has more than 1,000 stores across the country right now, including 25 spread all across Minnesota.

Why they're closing

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 stores make up less than 5 percent of J.C. Penney's annual sales, the company says.

"I have a deep appreciation and respect for our associates who are on the front lines working tirelessly to serve our customers every day. Closing a store is never an easy decision, especially given the local impact on valued employees and our most loyal shoppers," CEO Marvin R. Ellison said in a statement.

The company will also be implementing a voluntary early retirement program, which about 6,000 employees could take advantage of. The company says they expect many of the job losses to come from those retirements, rather than full-time workers losing their jobs.

J.C. Penney actually made a net profit last year, the first time doing so since 2010. But Ellison said in the announcement they want to be "aggressive" in taking action to set the company up for sustainable growth. He also said that 2016 saw "significantly higher sales" in beauty, home refresh and special sizes.

The company also touted success online, saying there's been double-digit growth on jcpenney.com, and noting the company can keep its costs down compared to online-only retailers because they can use brick-and-mortar J.C. Penney stores in the final stages of the shipping process. The company said nearly 75 percent of all online orders touched a retail store.

Next Up

Minneapolis police

Vehicle runs over 2 people in downtown Minneapolis brawl

Two suspects have reportedly been identified.

Jorge Alcala

Rare night for Twins' bullpen fuels victory over Cardinals

The Twins scored five runs in the third inning in an 8-1 victory.

Bisi Johnson

Report: Bisi Johnson tears ACL, will miss 2021 season

Johnson suffered the injury during Friday's practice.

Mike Zimmer

Frustrated Zimmer sounds off after Vikings' positive COVID test

"I’m frustrated, not just with my football players who didn’t get vaccinated, but I’m frustrated with everybody [who didn't]."

Kirk Cousins

Report: Kellen Mond has COVID, Cousins among players out of practice

The team is scheduled to practice on Saturday night.

USPS packages

Two Ramsey County men sentenced in mail theft scheme

Sonny Vang Xiong was sentenced to three years in prison, while Davis Her was sentenced to six and a half years in prison.

Jeff Gladney

Jeff Gladney's ex-girlfriend files $1 million civil lawsuit

The civil lawsuit accuses Gladney of assaulting the woman for over two hours.

vaccine, covid

St. Paul care home group will mandate COVID vaccines for staff

It comes amid reports of COVID outbreaks at homes where residents are all vaccinated, but staff are not.

Jail handcuffs arrest

Starbuck man charged with uploading, sharing child pornography

The 47-year-old was arrested after a tip from the National Center of Missing and Exploited Children.


Boy, 11, seriously injured after 'fall' that police now suspect was abuse

It was initially reported that the boy slipped and fell.


J.C. Penney reveals 8 Minnesota stores are closing

All the stores being shut down are outside the Twin Cities.

A MN city has started a petition to save its J.C. Penney store

It's one of eight Minnesota stores slated to close.

Report says Gymboree could close a quarter of its stores

Gordmans, Bebe, Rue 21, GameStop, J.C. Penney ... Gymboree is the latest retailer to face store closures.

Southdale Center is losing its J.C. Penney store

The writing was on the wall since a gym chain made a bid to take over the unit.

GameStop will close 150 stores

People didn't buy consoles and blockbuster video game titles as much.

Rue 21 says it could close even more stores

This would be on top of the 400 locations the clothing chain has already said will shut down.

New Year's Day 2017: Which stores are open, closed, or closing early

A lot of the stuff that would be closed for the holiday is already closed because it's Sunday.

Update: Payless confirms another MN store is closing, with 3 more possible

The company already said it was closing four stores here – now two more could get the boot.