An article posted that the Plano office looked like JCP was moved out. Is there any thought of where HQ will relocate if and when remote work shifts to a flex onsite set of options?
JC Penney Layoffs 2021
Make a prediction and tell us what you think about JC Penney Layoffs 2021? Any news or rumors?
Any news?
Disclaimer - I left JCP a few years ago, but I've been there long enough to make some lasting friendships and to actually feel a pang of loss when I heard it might be gone for good at some point. But there is little to no info on what's going on... — read more
Things are about to get worse
The only reason we were bought is so the new owners' malls wouldn't lose their anchors. They are not interested in running a retail operation. They just want to keep us functioning with least possible costs (as somebody already mentioned.) Expect... — read more
It's official
If your store is in one of their malls, I'm guessing you're safe. If it's not...I'd start looking just in case. JCPenney has inked an asset purchase agreement (APA) with Brookfield Asset Management, Simon Property Group and a majority of its... — read more
is Jcpenny closing for good?
so what is happening with jcpenny? is it going down or just dragging its slow death?
Corporate moving
I've heard rumblings about corporate moving. Anyone know more details?
Pension letter
Did anyone out there get a email regarding our pensions and what May happens when the new buyer takes over ? What did you think will happen
Severance Pay in Installments
This can't be! Installment payments..,what in the world is going on? It's as if they told us this in advance but I never heard this from the company until now. My take is that they should just pay us all of our severance and let move on.
another 144 closures incoming
https://footwearnews.com/2020/business/retail/jcpenney-stores-closing-bankruptcy-1203065590/
What's happenings?
Anybody else worried that there's been very little news about our future?
Can I be certain my store is not closing?
My store is an anchor to one of the few malls that are still going strong and we still have surprisingly good sales. Can I take this as a sign that we are safe from closing any time soon or is even that not enough to be certain, considering the new... — read more
Liquidation
We are doing the liquidation that should have taken place in April. Is this happening in all the stores? What a horrible job!
JCPenney Outlet division could have saved this company
The Outlet stores were shuttered about a decade ago and were very profitable. The CEO at the time didn’t want outlet stores associated with its namesake.....so we were told. There was a third party who purchased most of them but then quickly folded... — read more
another 149 closures incoming apparently??
https://www.cnn.com/2020/09/13/business/jcpenney-survival-outlook/index.html The agreement gives the company a much needed lifeline to keep 690 stores open while it sets about closing another 149 stores ahead of the holiday shopping season. It... — read more
Closing Date Changes
Sept 27, 2020 original closing date with exit date of Sept 30,2020. Now they are changing the game when some of us have jobs lined up to report to and holding our severance pay over our heads. What a disgrace on their part! We have agreed to hold... — read more
JCPenney is saved!!!!
https://www.usatoday.com/story/money/2020/09/09/jcpenney-sale-simon-property-group-brookfield-property-partners/5761731002/
ooh boy
https://www.forbes.com/sites/walterloeb/2020/09/08/jcpenneys-future-is-in-doubt/#528dd3d92f0d
list of remaining stores
https://brostocks.com/2020/06/09/how-many-jcpenney-stores-are-left/
So what exactly happens on the tenth?
They get saved or more closures? Potential of closing every single store? If only some are closed, any particularly vulnerable locations?
This is where the fun begins
https://www.cnbc.com/2020/08/31/jc-penney-lenders-to-make-bid-for-department-store-in-bankruptcy.html
Will there be more closures besides the 21 up for auction?
Weren't there supposed to be 220 closures? There's been 140ish. I previously asked when the next closures would be on here and was told November. Where does it say November I start working at a non closing one soon in Ohio
Amazon fulfillment centers
I liked my job at JCP. It was not ideal but my pay was decent and the people I worked with were great folks. And there was at least some sense of independence. And now it looks my store will be replaced by an Amazon fulfillment center. Which will... — read more
Update from Bloomberg
https://www.bloomberg.com/news/articles/2020-08-05/j-c-penney-lender-group-seeks-higher-bids-from-potential-buyers Remember how Sussberg (JCP's attorney in bankruptcy) insisted that liquidation wasn't even being considered? This little nugget... — read more
JCPenney Auctioning/Closing Even More Stores Including the there first store opened on April 14th 1902 Kemmerer, Wyoming
Here are the links to the article and the stores that are closing. I urge anyone working at these stores to brush up your resume and transfer out while you can... — read more
Employee back to work
It's been some time since the stores opened for bussiness again but a couple of us are still waiting to get a call back. Not sure how they decided on who got called back and if there's a process they have to follow. Anyone in the same situation, and... — read more
Sycamore partners has the high bid for JCP
Plan to only keep 250 doors open and convert them to Belk, liquidate the rest.
Done
No staff, want flawless merchandising, board folded, no fitting room hours. No support from so called company, unrealistic expectations. I am stressed above and beyond. Anyone else? Or am I just crazy?
1000
https://fox8.com/news/jcpenney-announces-1000-layoffs-amid-organizational-restructuring/
JCP 4eva !!!!
https://www.cnn.com/2020/07/16/business/jcpenney-bankruptcy/index.html Sad. JCP won’t necessarily liquidate bc there’s no value in liquidation . So the building might remain standing bc falling over isn’t much of a relief.
Furloughed associates
Wondering what is going on at Jcpenney as it seems only a couple of us got called back while most of the store is furloughed. They have us doing multiple jobs because they don’t seem to want to call anyone else back. Nice to work so many hours but... — read more
layoffs coming
hearing layoffs on the 15th. big wigs at Corporate and District level. Watch out boys and girls
2 New Locations just annoucned
Link: https://www.businessinsider.com/jcpenney-closing-more-stores-nyc-addresses-2020-7
It’s official. No raises for anyone this year, except for the $10 million in bonuses that Corporate Management got.
How is anyone supposed to care about their job when there is literally no incentive. Everyone has been told all year that an increase in performance would mean an increase in wage.. guess not. Screw JCPenney
13 new locations just annocuned
https://www.cnbc.com/2020/06/23/jc-penney-is-closing-13-more-stores-heres-a-map-of-where-they-are.html
When will they announce the rest of the closures?
They've only listed 154 of 242 so far. What about the other 88?
Rich get richer
In March and April, retail sales in the U.S. saw the worst two-month decline in history (8.3 percent in March and 16.4 percent in April) due to the coronavirus pandemic. The retail apocalypse has pushed a slew of iconic American retailers to the... — read more