Retail jobs are gonna be scarce coming up... not sure how fast these locations are closing but assuming these would close by the end of the year. Already have 1 location slated to close by fall and now 2 added from this announcement. Now just waiting for the next round of Macys stores to announce the final round of closures from last year's announcements. Good luck to everyone.
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Lease buy backs are the first step towards liquidation. Every single time. Bankruptcy law is the most fixed up of all. The private equity groups make more money taking the retail business out than running it.
Lease buy backs
Please read deeper into the article the properties have been sold but not all stores are closing not all associates will be losing there jobs.
Ps jcp was sold to new owners again is due to the fact that the last ceo who lived in Burlingame wanted the stores to look like a boquite although not enough payroll to keep a size run on the SALES floor in stock..
SOUND FAMILIAR ..
What makes you think these locations are closing