Penney’s for your thoughts

JCPenney has now issued its list of store closings, numbering 138, including four in Oklahoma. The Penn Square store in Oklahoma City, rumored to be on the chopping block, survives this round.

The closings in Soonerland will be in Altus, Claremore, Ponca City and Stillwater. This is the statistic that startles me:

The closings will save $200 million per year, the company said.

This works out to nearly $1.5 million per store.







6 comments »

  1. McG »

    18 March 2017 · 9:44 am

    Kemmerer, Wyoming keeps its store; I would have been sorely disappointed if it were on the list. The store in Sheridan will close though, which may be due to proximity to Billings.

    Similarly, I suspect Helena, Montana loses its store because Great Falls is only an hour and a half away, and Sidney is only half an hour from Williston, ND.

    Here in Newnan, our fairly new JCP survives — and I’m really not sure why. Mrs. McG’s late mother’s late second husband used to say he’d been to a place “twice, the first time and the last time” if a single visit convinced him never to return. That would describe my visit to the store here. I remembered Penney’s stores in Sacramento being more interesting to shop at because of departments they had that this store lacked — and the selection in the departments it had was underwhelming and overpriced.

    I suppose it’s possible things have changed since then, but I’ve had no motivation to go see.

  2. CGHill »

    18 March 2017 · 10:54 am

    Closing Kemmerer would generate all kinds of bad press about the death of the very first store.

  3. fillyjonk »

    18 March 2017 · 1:12 pm

    The local news trumpeted its joy that “the ones in our area aren’t closing!” and I was like, wait, there are still Penney’s in our area?

    (Yes – there’s one inconveniently hidden in one of the outrigger wings of the Sherman Town Center, and there’s one at the very-aspirationally-named “Shops at Ardmore” (basically a moribund mall that has rebranded))

    But not in MY area, if you count “within a 20 minute drive” as being “my area”

  4. McG »

    18 March 2017 · 3:30 pm

    Certainly there would be a meltdown in Wyoming media if they closed it, and the optics would generate some bad press nationally, but I’m not sure how much.

    The cultural illiteracy rampant in the news media leaves me genuinely skeptical that most of them even know that bricks-and-mortar was once the norm in retail.

  5. fillyjonk »

    19 March 2017 · 1:12 pm

    The one in my parents’ town is closing. Along with the Macy’s-that-used-to-be-Famous-Barr. So the last real mall there is going to have two giant holes in it.

    (This bugs me slightly as that’s actually where I go to buy clothes, when I’m up visiting there – I hate clothes shopping in Sherman for various reasons.)

  6. CGHill »

    19 March 2017 · 4:07 pm

    I remember Famous-Barr, vaguely. I think they were out of St. Louis, and I seem to recall that they had a store or two in Kansas City, though they were largely eclipsed by the Jones Store Co., which Macy’s also bought.

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