Yankton's JC Penney Store To Close

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- Last month, J.C. Penney announced it is joining its department store rivals in pruning its store numbers in an era of online shopping.

Like other department stores, J.C. Penney is trying to adjust to changing shopping patterns, and is joining other department stores like Macy's, which are shrinking their store footprint.

The company said stores will begin liquidating merchandise next month and most of the closures will occur in June.

In addition to that offer, Penney's said Friday that it is trying to relocate certain leaders and will provide outplacement support services for eligible workers.

JC Penney announced Friday that it will close its store at the Berkshire Mall in Lanesborough just north of Pittsfield.

At that time, a list of stores was not yet available.

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CEO Marvin Ellison said when announcing the closures in February that the move is part of a company-wide attempt to be competitive against online retail stores and continue the relative success of their 2016 fiscal year.

Two Virginia stores - one at New River Valley Mall in Christiansburg and one in Tanglewood Mall in Roanoke, are on the list of stores scheduled to close. The stores identified for closure either require significant capital to achieve JCP's new brand standard or are minimally cash flow positive today relative to the company's overall consolidated average. J.C. Penney has been in Cortana since the mall opened in 1976.

Nine other Texas locations were not as fortunate, including one of the two Penney's locations in McAllen, the downtown store at 300 S. Main St.

But the company estimates that it will save $200 million. The company had about 105,000 full and part-time employees a year ago.

Liquidation sales will start at the 138 stores next month, and majority will be shut by mid-June.

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