This Massive Mall Retailer Is Now Closing In California

This massive mall retailer is now closing in California as the former retail titan continues to shrink its footprint nationwide.

A JCPenny in Ukiah, California, located in the north of the state will lose one of its only department stores, reports The-Sun.

The North Orchard Ave location is listed as available for lease, according to The Ukiah Daily Journal.

JCPenney has closed dozens of locations since going bankrupt in 2020 and continues to shutter its remaining stores nationwide.

It has planned at least six shutdowns so far this year.

Customers learned about the latest JCPenny closure thanks to signs on the store windows.

“Store closing, this location only,” a sign pictured by the local paper showed.

The U.S. Sun confirmed the location will shut on Sunday, May 26.

The store will offer liquidation sales of up to 50% off in advance of the shutdown.

Closing down will leave Ukiah residents with few department store options. 

The only major department store remaining in the city is a nearby Kohl’s.

The next closest JCPenney is about an hour’s drive to the south, in Santa Rosa.

Without the Ukiah store, loyal Northern California shoppers are left with only a few remaining locations, reports The-Sun.

JCPenney recently announced several other closures.

In Waterford, Connecticut, the chain will shut down a store by May 25.

In Hermitage, Pennsylvania, near the Ohio border, another branch is set to close on May 5.

That’s the second blow for the area’s shoppers, as a nearby JCPenney in Youngstown, Ohio will close in March.

Two more locations, in New York and Indiana, are also set to shut.

It’s not all bad news for the chain, however.

A location is relocating in New Jersey, adding an “anchor” store to an area mall.

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Also Read: Another Mall Clothing Retailer Now At High Risk of Bankruptcy

Other Economy News Today

Market News Today - This Massive Mall Retailer Is Now Closing In California.
Market News Today – This Massive Mall Retailer Is Now Closing In California.

Another popular restaurant now declares an unexpected bankruptcy after closing several chains in Chicago, Arizona, and California.

Etta Collective, a small chain that operates multiple concepts in Chicago, Arizona and Los Angeles has closed several restaurants and has filed for Chapter 11 bankruptcy, reports TheStreet.

The chain closed its namesake restaurant in Los Angeles last year and abruptly shut down a Chicago-area restaurant, Sophie’s, earlier this year.

Now, after defaulting on a $2.5 million loan, the company’s owner, restaurateur David Pisor, has officially made the bankruptcy filing.

Pisor’s Etta collective runs a number of different concepts including its namesake restaurants, a bakery cafe, Alston House, a high-end steakhouse, and Kari, an upscale sushi concept.

The chain also has Marilyn’s, a planned concept that has not opened.

Pisor has said that the bankruptcy filing was made in order to help the company continue to operate.

“We have made a proactive decision to commence this strategic reorganization process with the cooperation of our lender, who has agreed to work with us so that we can come out of this process even stronger than before,” Restaurant Business reported.

The bankruptcy process could include a sale of the brand as the investor John Leahy has emerged as a bidder for the company’s assets.

“Our aim is to best position the Etta brand for future success,” Pisor said in a statement.

“By filing for protection under Chapter 11, we will be able to restructure our financial position while continuing our daily operations and keeping our locations open. 

As has already happened in our Scottsdale location, we predict that we will emerge stronger both operationally and financially.”

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Also Read: Another Mall Clothing Retailer Now At High Risk of Bankruptcy

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Market News Today - This Massive Mall Retailer Is Now Closing In California.
Market News Today – This Massive Mall Retailer Is Now Closing In California.

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