For stores that close do they give them a severance paycheck? So much stuff from jcpenney has been coming in the mail lately it makes me wonder will they screw the employees over.
https://www.thestoreclosing.com/t/hmVUFM1m
https://www.thestoreclosing.com/t/hmVUFM1m
This is just the beginning
I feel for the people who were just notified that their store is closing but we will all be in their shoes soon enough. It should be obvious to everybody by now that JCP is beyond saving. They'll try to slow down the bleed by closing more and more... — read more
List of JCPenney Stores Closing June 2020
Here is the list with 154, source below. AL — 1 — Covington Mall — 922 River Falls St — Andalusia, AL 36420 — 334-222-8484 AL — 2 — Regency Square — 301 Cox Creek Pkwy (Rt 133) — Florence, AL 35630 — 256-766-8280 AL —... — read more
closing 154 stores
https://www.cnbc.com/2020/06/04/jc-penney-announces-154-stores-set-to-close-this-summer-heres-the-full-list.html
Today is the day
Does anyone know which JCPenney Stores are expected to close? I still have not seen the list yet
Separation Date
Has anyone received any information on their separation date? I haven’t heard anything . The stores are still closed. Would powerline be able to help?
Stores closing
We will know in June 4th which stores are closing
Got laid off
Thankfully I'm not the only breadwinner in my household so my situation isn't too dire but I still can't help but feel like garbage. I didn't know I would get the boot so soon. What a horrible year this has been.
Raises for store level
CEOs got big bonuses.. on the store level all merit raises were cancelled.. 😩 talk about a hard slap to the face!
OFFICIAL STORE CLOSING LIST :
Made ya look!,,, Anyway where is it?
JCPENNY
I been with JCPENNEY FOR A WHILE IM NOT READY TO GO BACK BUT I KNOW MY STORE MANAGER WILL PLOT AGAINST ME, I HAVE 30 DAYS TO DECIDE AND I TOLD HIM THAT, THEY WANT ME THERE ON PART TIME HOURS WHEN IM FULL TIME, LOOK JUST CLOSE THEM DOWN AND WORRY... — read more
Trying to decide if going back when we open is worth it.
We are reopening our store this week. I have worked for JcP for 10 years as a supervisor and they have screwed me pretty much the whole time. From years of raise freezes to the constant instability. I will be graduating with a degree in a field... — read more
Executive bonuses
Ridiculous that executives get bonuses right before filing bankruptcy! Bonuses are supposed to be tied to performance. What's worse than bankruptcy? Seems like corporate America rewards failure.
Walmart and Amazon seem like the "chosen" ones
How is it fair to force everyone else shut for 2 months and allow Walmart to remain open. In my opinion if they say you aren't allowed to shop for clothing in person, then why allow in person clothing at Walmart or groceries in person? Seems like... — read more
Is there a list?
Is there a list of closing stores already?
CEO gets $4.5M in “cash incentive awards”
Priorities http://www.idahoreporter.com/2020/ceo-of-j-c-penney-gets-4-5m-in-cash-incentive-awards/
Anyone have a list of stores?
Anyone know which ones might be closed?
JCP Closing up to 200 Stores
JCPenney is closing up to 200 stores. No word on where any are unless anyone here knows. I’m surprised no one has posted yet.
VERP Offer
Feel like jcp waiting until deadline to accept or decline verp offer before they go forward with possible bankruptcy. Deadline for decision on VERP is May 15. Frustrating that you are being asked to decide on this while stores are still closed
Therace Risch leaving May 8th
Is this good or bad news?
Liquidation is a realistic possibility
https://finance.yahoo.com/news/j-c-penney-lenders-struggle-184633988.html With inventory going stale in idled stores and real estate valuations slipping amid the coronavirus pandemic, they’re recalculating the value of collateral that secures... — read more
Attention All JCP Shoppers!
Please make your way to the dark corner on the lower level! We have a limited time special on on our famous E-Z fold lawn chairs! Now with our enhanced self folding feature! Get 'em while they're still here! Now 90% off but only for a limited... — read more
Attention All Associates
Have your thought about your personal ICAP goals during your first shift back? You need to commit yourself to brining the finest values to the JCP shopper. Go that extra mile – sign them up for a loyalty card! Oh, and don't forget to get their... — read more
Bankruptcy Preparations are Underway
https://footwearnews.com/2020/business/financial-news/jcpenney-bankruptcy-news-2020-coronavirus-1202972325/ Looks like we finally have some hard evidence that a bankruptcy filing will soon take place. This article suggests that the company will... — read more
JCP RIP
JC will be sold for pennies on the dollar.
JCP STRONG
Does anyone else feel like JC Penney's best days are ahead of it?
jc penny cash strapped
I work at a mall in Texas that has a jc penny, they are behind in the rent payments, the mall is showing the space to clients after the virus is over with.
Desperate JCP
They are looking at everything to save the company including checking under the couch cushions for change. They've sent letters to the remaining pension participants offering a buyout. If those people are smart they'll take the money and run. When... — read more
Exclusive: J.C. Penney explores bankruptcy as hopes for recovery fade
What's truly remarkable, is that this will come as a surprise to many JC Penney employees, who have their heads buried so deep in the sand it's a wonder they can see... — read more
This might be useful to some
I am close to having to start taking some medication to reduce my layoff-induced anxiety but this helped somewhat. At least it's detailed and it gave me some new... — read more
This might turn out to be a furlough just in name
I had a personal experience with this when I was still with JCP in 2017. The store I worked at was closed for 5 days after a hurricane impacted my state. While we were paid for the 5 day store closure, associate hours were cut severely afterwards... — read more
JCP furloughs most employees
https://www.dallasnews.com/business/retail/2020/03/31/jc-penney-furloughs-most-of-its-85000-employees/ Not unexpected I'd say. Even salaried management will be partaking in this, according to the article. It is time for most folks to begin... — read more
ASM bonus getting CUT
If they cut your bonus after telling you they are going to pay you that is a BREECH OF CONTRACT, take them to court. First a lawyer will have to write a demand letter which normally costs about $200.
Cut ASM bonus
Any other ASMs that we’re cut in early March, I was told I would receive my bonus as normal but now they are acting squirrelly... it is supposed to pay out Friday, what have you been told??
Discussion about the outbreak (Corona Virus) and JC Penney
Comment in this thread - it'll be the main thread.