{"id":9215,"date":"2017-03-29T15:00:50","date_gmt":"2017-03-29T15:00:50","guid":{"rendered":"http:\/\/newsroom.chainstoreguide.com\/?p=9215"},"modified":"2017-03-29T15:00:50","modified_gmt":"2017-03-29T15:00:50","slug":"jcpenney-interactive-store-closings-map","status":"publish","type":"post","link":"https:\/\/www.chainstoreguide.com\/offthechain\/2017\/03\/jcpenney-interactive-store-closings-map\/","title":{"rendered":"JCPenney: Interactive Store-Closings Map"},"content":{"rendered":"<p>This month, JCPenney released the list of 138 stores it will close by the end of Q2, details of a move that company executives first made public in January. \u00a0The closings are part of a plan \u201cto optimize retail operations, advance growth and drive profitability.\u201d Although large swaths of store closings are an unpleasant prospect, the move is sound when considering the 138 shuttered stores account for 14% of the company\u2019s current portfolio of 1,103, yet according to the company, generate less than 5% of total sales.<\/p>\n<p>&nbsp;<br \/>\n<center><\/p>\n<div class='tableauPlaceholder' id='viz1553086064102' style='position: relative'><noscript><a href='#'><img alt=' ' src='https:&#47;&#47;public.tableau.com&#47;static&#47;images&#47;JC&#47;JCPenneyStoreClosings&#47;Dashboard1&#47;1_rss.png' style='border: none' \/><\/a><\/noscript><object class='tableauViz'  style='display:none;'><param name='host_url' value='https%3A%2F%2Fpublic.tableau.com%2F' \/><param name='embed_code_version' value='3' \/><param name='site_root' value='' \/><param name='name' value='JCPenneyStoreClosings&#47;Dashboard1' \/><param name='tabs' value='no' \/><param name='toolbar' value='yes' \/><param name='static_image' value='https:&#47;&#47;public.tableau.com&#47;static&#47;images&#47;JC&#47;JCPenneyStoreClosings&#47;Dashboard1&#47;1.png' \/><param name='animate_transition' value='yes' \/><param name='display_static_image' value='yes' \/><param name='display_spinner' value='yes' \/><param name='display_overlay' value='yes' \/><param name='display_count' value='yes' \/><\/object><\/div>\n<p>                <script type='text\/javascript'>                    var divElement = document.getElementById('viz1553086064102');                    var vizElement = divElement.getElementsByTagName('object')[0];                    vizElement.style.width='490px';vizElement.style.height='527px';                    var scriptElement = document.createElement('script');                    scriptElement.src = 'https:\/\/public.tableau.com\/javascripts\/api\/viz_v1.js';                    vizElement.parentNode.insertBefore(scriptElement, vizElement);                <\/script><\/center><\/p>\n<p>Combined with more of what\u2019s working \u2013 Sephora instore expansion, a them-too introduction of Nike store-within-a-store space and an even greater emphasis on its built presence to facilitate online fulfillment \u2013 the right-sizing initiative can be a positive.<\/p>\n<p>Sitting on 1,013 stores to start 2017, closures aren\u2019t new to the company, though the scale certainly is. According to <strong>CSG\u2019s <\/strong><a href=\"https:\/\/www.chainstoreguide.com\/c-79-department-store-retailer-leads.aspx\">Department Stores Database<\/a> the company has steadily reduced its footprint from a peak of 1,104 stores in late 2012, with each successive year bringing net closures.<\/p>\n<p>Leveraging store-locations<strong> <\/strong>data from our custom-solutions database to augment the list provided by the company, the map above charts the 138 closings, with an interactive feature providing details that include the mall\/location, city and state for each store.<\/p>\n<p>Digging deeper, the <strong>Chain Store Guide<\/strong> locations database contains geocoding and addresses for all 1,103 locations. This data affords the ability to precisely map (to an even more refined street-level view) the entire JCPenney fleet. In addition, the database contains 73,000 additional department and apparel stores (along with 650,000+ other retail locations).<\/p>\n<p>If your business is in the business of <a href=\"https:\/\/www.chainstoreguide.com\/c-69-store-locations.aspx\">retail locations<\/a>, <strong>Chain Store Guide <\/strong>may be able to help deliver the results you need.<\/p>\n<table align=\"left\" cellpadding=\"0\" cellspacing=\"0\" class=\"tableshrinkmeone\" max-width=\"100%\">\n<tbody>\n<tr>\n<td bgcolor=\"#003e6d\">\n<p style=\"margin-top: 10px; text-align: center;\"><a href=\"http:\/\/newsroom.chainstoreguide.com\/2017\/03\/jcpenney-interactive-store-closings-map\/\" name=\"link to blog_1\" target=\"_blank\" xt=\"SPCLICK\"><span style=\"font-size:24px;\"><strong><span style=\"color:#FFFFFF;\"> JCP, Righting the Ship or Sinking?<\/span><\/strong><\/span><\/a><\/p>\n<p style=\"text-align: center; margin-top: 10px;\"><span style=\"font-size:14px;\"><em><span style=\"color:#ffffff;\"><\/span><\/em><span style=\"color:#ffffff;\">Updated: 3\/19\/2019&nbsp;<\/span><\/span><\/p>\n<p style=\"margin-left: 20px;margin-right:20px;\"><span style=\" font-size:16px;\"><span style=\"color:#ffffff;\"><span style=\"font-size:14px;\"><em>This month we are looking back at our most popular articles and reviewing where the companies are now.<\/em><\/span><\/span> <\/span><\/p>\n<p style=\"margin-left: 20px;margin-right:20px;\"><span style=\"color:#FFFFFF;\"><strong>March 2019 Update:<\/strong> Nearly two years after our initial report of mass store closures by both <\/span><span style=\"color:#FFFFFF;\"><strong>Payless ShoeSource<\/strong><\/span><span style=\"color:#FFFFFF;\"> and <\/span><span style=\"color:#FFFFFF;\"><strong>JCPenney<\/strong><\/span><span style=\"color:#FFFFFF;\">, one company is collapsing and the other is throwing in everything it&rsquo;s got to stay afloat. At the time,<a href=\"http:\/\/newsroom.chainstoreguide.com\/2017\/02\/payless-store-counts-and-closings\/\" name=\"payless_retro_link\" target=\"_blank\" xt=\"SPCLICK\"><strong> <\/strong><\/a><\/span><a href=\"http:\/\/newsroom.chainstoreguide.com\/2017\/02\/payless-store-counts-and-closings\/\" name=\"payless_retro_link\" target=\"_blank\" xt=\"SPCLICK\"><strong><span style=\"color:#ADD8E6;\">Payless had shuttered<\/span><\/strong><\/a><span style=\"color:#FFFFFF;\"> approx. 11% of its N.A. store portfolio;<a href=\"http:\/\/newsroom.chainstoreguide.com\/2017\/03\/jcpenney-interactive-store-closings-map\/\" name=\"jcp_retro_link\" target=\"_blank\" xt=\"SPCLICK\"> <\/a><\/span><a href=\"http:\/\/newsroom.chainstoreguide.com\/2017\/03\/jcpenney-interactive-store-closings-map\/\" name=\"jcp_retro_link\" target=\"_blank\" xt=\"SPCLICK\"><strong><span style=\"color:#ADD8E6;\">JCP following suit<\/span><\/strong><\/a><span style=\"color:#FFFFFF;\"><a href=\"http:\/\/newsroom.chainstoreguide.com\/2017\/03\/jcpenney-interactive-store-closings-map\/\" name=\"jcp_retro_link\" target=\"_blank\" xt=\"SPCLICK\"> <\/a>with 14% of their own. To date, the department store giant is down to only 872 locations with three more closures expected this spring as stated in their January press release. The statement also made mention of comparable store sales down by 3.5% over the holiday season and an announcement was made in February about ending sales of all major appliances. While it will continue furniture sales online, it plans to use these cuts to optimize available square footage for more profitable &ldquo;apparel &amp; soft home furnishings&rdquo; retail items in the hopes to increase its revenue potential. Only time will tell, however something is to be said of the 116 year old retailer not having any history of or plans for bankruptcy. One thing can be said for certain, JCPenney is not going down without a fight.<\/p>\n<p style=\"margin-left: 20px;margin-right:20px;\"><span style=\"color:#FFFFFF;\">With this additional floor space and newfound vigor for survival, retail manufacturers from all areas should be approaching this company as an opportunity as they will need new merchandise to fill the void. Chain Store Guide&rsquo;s <\/span><a href=\"https:\/\/www.chainstoreguide.com\/c-79-department-store-retailer-leads.aspx\" name=\"dept_link\" target=\"_blank\" xt=\"SPCLICK\"><span style=\"color:#ADD8E6;\"><strong>Department Stores &amp; Shoe Retailers PLUS<\/strong><\/span><\/a><span style=\"color:#FFFFFF;\"> database contains over 100 key JCPenney buyers and decision makers ready to expand their retail rack &amp; shelf product mix.<\/span><\/p>\n<\/td>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>This month, JCPenney released the list of 138 stores it will close by the end of Q2, details of a move that company executives first made public in January. \u00a0The closings are part of a plan \u201cto optimize retail operations, advance growth and drive profitability.\u201d Although large swaths of store closings are an unpleasant prospect,&hellip; <a class=\"more-link\" href=\"https:\/\/www.chainstoreguide.com\/offthechain\/2017\/03\/jcpenney-interactive-store-closings-map\/\">Continue reading <span class=\"screen-reader-text\">JCPenney: Interactive Store-Closings Map<\/span><\/a><\/p>\n","protected":false},"author":12,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"post-template-no-sidebar.php","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[14],"tags":[17],"class_list":["post-9215","post","type-post","status-publish","format-standard","hentry","category-apparel-department","tag-csg-exclusive","entry"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/posts\/9215","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/comments?post=9215"}],"version-history":[{"count":0,"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/posts\/9215\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/media?parent=9215"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/categories?post=9215"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/tags?post=9215"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}