JC Penney will close Clearfield Mall store
CLEARFIELD — One area store is among the seven Pennsylvania stores that J.C. Penney plans to close in an effort to cut costs and grow sales at its strongest locations.
The Penney’s store in the Clearfield Mall is among the 138 stores set for closure.
The announcement comes a few weeks after Penney’s said it would close up to 140 stores this year, after similar decisions from Macy’s and Sears. Between the companies’ four biggest chains, which include Sears’ Kmart brand, more than 300 big-box stores will go dark this year.
“We believe closing stores will allow us to adjust our business to effectively compete against the growing threat of online retailers,” J.C. Penney CEO Marvin Ellison said in a statement in February.
The company said at that time that most of its closures would occur in the second quarter. Liquidations will start April 17.