HAZARD — In late February, JC Penney announced that approximately 140 stores in the United States will be closing. Right away, folks throughout the region wondered if the Hazard location would be on the list of stores set to close this year. As it turns out, the answer to that question is no.
In a press release, distributed earlier this year, JC Penney CEO Marvin Ellison said,“During the year, it became evident the stores that could fully execute the company’s growth initiatives of beauty, home refresh and special sizes generated significantly higher sales, and a more vibrant in-store shopping environment.”
Ellison went on to say, “We believe the relevance of our brick-and-mortar portfolio will be driven by the implementation of these initiatives consistently to a larger percent of our stores. Therefore, our decision to close stores will allow us to raise the overall brand standard of the company and allocate capital more efficiently.”
Ellison’s statements indicate that the stores remaining open, including Hazard’s, are doing well in earning profits and representing the company’s initiatives for growth moving forward. Many of the stores on the list of closures are located inside shopping malls.
JC Penney has released names of the 138 locations set to begin closure in the next few weeks. No Kentucky store is on that list. The entire list can be seen at this web address: jcpnewsroom.com/news-releases/2017/assets/0317_list_of_store_closures.pdf. Several online news outlets have also posted articles containing the list.
Sam Neace can be reached at 606-629-3243 or on Twitter @HazardHerald.