Morningstar lists 39 JCPenney stores "at risk" of closure

[retailisking]

Some surprises on the list...the Maine Mall store is the only one in the Portland, ME vicinity

http://www.businessinsider.com/jcpenney-list-of-stores-closing-2017-3

Pinnacle Hills Promenade, Rogers, Arkansas
El Con Center, Tucson, Arizona
Mt. Shasta Mall, Redding, California
Plaza West Covina, West Covina, California
Westminster Mall, Westminster, California
Westfield Trumbull, Trumbull, Connecticut
Southland Mall, Cutler Bay, Florida
Tifton Plaza, Tifton, Georgia
North Riverside Park Mall, North Riverside, Illinois
Yorktown Center, Lombard, Illinois
Glenbrook Square Mall, Fort Wayne, Indiana
Muncie Mall, Muncie, Indiana
West Ridge Mall, Topeka, Kansas
Country Club Mall, LaVale, Maryland
Westfield Wheaton, Wheaton, Maryland
The Maine Mall, South Portland, Maine
Southdale Center, Edina, Minnesota
Crossroads Center, Saint Cloud, Minnesota
Mall at Barnes Crossing, Tupelo, Mississippi
Windsor Square, Matthews, North Carolina
Greenville Mall, Greenville, North Carolina
The Mall of New Hampshire, Manchester, New Hampshire
Quaker Bridge Mall, Lawrenceville, New Jersey
Destiny USA, Syracuse, New York
Palisades Center, West Nyack, New York
Great Northern Mall, North Olmsted, Ohio
Northtowne Mall, Defiance, Ohio
Penn Square Mall, Oklahoma City, Oklahoma
Park City Center, Lancaster, Pennsylvania
Capital City Mall, Camp Hill, Pennsylvania
Wyoming Valley Mall, Wilkes-Barre, Pennsylvania
Indiana Mall, Indiana, Pennsylvania
Montgomery Mall, North Wales, Pennsylvania
Oxford Valley Mall, Middletown Township, Pennsylvania
Coastal Grand Mall, Myrtle Beach, South Carolina
Hamilton Place, Chattanooga, Tennessee
South Plains Mall, Lubbock, Texas
Potomac Mills, Woodbridge, Virginia
Kitsap Mall, Silverdale, Washington

[FitchMike26]

They are either insane, or else this list is totally false.

Maine Mall, Westfield Trumbull, Palisades, Quaker Bridge, and Park City are all A malls! Several of these malls contain the only JCPenney store in an hour's radius (or more).

[retailisking]

They are either insane, or else this list is totally false.

Maine Mall, Westfield Trumbull, Palisades, Quaker Bridge, and Park City are all A malls! Several of these malls contain the only JCPenney store in an hour's radius (or more).

Here's a little more background on the criteria used to come up with the list. The stores listed do less business than the JCP average and/or would require significant investment to bring them up to standard. Of course, there's no substitute for an actual list from JCP itself.
http://www.bizjournals.com/dallas/news/2017/03/08/analyst-these-j-c-penney-stores-are-likely-to.html

Edit: This Portland Press Herald says the Maine Mall location carries a $235M loan balance, the fourth-highest of all the stores on the list
http://www.pressherald.com/2017/03/09/south-portland-store-among-list-of-under-performing-j-c-penney-locations/

Here's a little more info about the financial implications of the store closures
http://www.scotsmanguide.com/News/2017/03/JCPenney-closings-will-cause-more-pain-for-CMBS/

[giantsfan2016]

They are either insane, or else this list is totally false.

Maine Mall, Westfield Trumbull, Palisades, Quaker Bridge, and Park City are all A malls! Several of these malls contain the only JCPenney store in an hour's radius (or more).

Connecticut is a small state. According to directions on Google it's about 13 miles from the Trumbull Penney's to the one at the Connecticut Post Mall in Milford.

That being said however another analyst said that the Trumbull Macy's was in danger of closing and it didn't.

And by the way where I live in Southington is approximately a 10 mile drive to 3 Penney's stores until they shut down the one in Meriden. (The others being Westfarms and Brass Mill).

[TheFugitive]

I am surprised Century III did not make the list.
Aside from Penney's the rest of that place is a tomb.

Sorry to hear about Defiance Mall in Ohio.   Used to hang-out there
when I lived in the area.

[AmesNewington]

I wonder how well the Westfarms JCPenney does? They appear to be doing decent business. Walking in the mall, you see many more JCPenney bags than anything else. That's the last store I can buy good quality clothes for cheap. Plus, they've been there for 43 years. It has a nostalgic presence. One of the only places left I went as a kid.

[jason83080]

I call shenanigans on that list. Great Northern's undergone massive renovations all over in the past several years, and JCPenney was likely included in the recent restructuring of the entire mall. Midway Mall in Elyria, OTOH, is a dying retail area and, if ANY JCP store should be on a closing list, it's that one. Dillard's left back in 2007, and Macy's left last year. Sears is barely holding on as it stands.

[giantsfan2016]

Yeah. I also can't believe Torrington, Connecticut isn't on that list. It's in a strip mall and it's about the size of a TJ MAXX or Marshall's - in the neighborhood of 30,000 square feet.

[mixedday]

They are either insane, or else this list is totally false.

Maine Mall, Westfield Trumbull, Palisades, Quaker Bridge, and Park City are all A malls! Several of these malls contain the only JCPenney store in an hour's radius (or more).

Quaker Bridge and Oxford Valley are safe - these malls are 14 miles from each other. But King of Prussia is slated to close! That to me is interesting. Is it high rent at King of Prussia or just way too much competition? It seems JCPenney's footprint just west of Philadelphia will be woefully inadequate. I don't think Montgomery Mall is central or destinational enough to accommodate what was a footprint of four other stores: Exton, Granite Run, King of Prussia and Willow Grove, along with Philly residents that frequent KoP by bus.

It's not surprising the Philadelphia Mills site is closing, since it was a small site. I assume NE Philly residents that want to go to JCP can find JCP still at Oxford Valley or Cherry Hill. It's just Philly proper and west of Philly has barely no JCP footprint, except for Montgomery which is quite out there and not a destinational mall.

It's beyond right-sizing. It's pretty much to a point that JCP could bail out of the Philly market.

[retailisking]

The store closure total for this round is 138..every Morningstar "at risk" store save the Tifton Plaza-Tifton, GA location survived
http://www.jcpnewsroom.com/news-releases/2017/assets/0317_list_of_store_closures.pdf

Auburn Mall, Auburn AL
Tannehill Promenade, Bessemer, AL
Gadsden Mall, Gadsden, AL
Jasper Mall, Jasper, AL
Military Plaza, Benton, AR
Chickasaw Plaza, Blytheville, AR
Riverview Mall, Bullhead City, AZ
Downtown Bishop, Bishop, CA
Sunwest Plaza, Lodi, CA
The Village at Orange, Orange, CA
Hilltop Mall, Richmond, CA
Fort Morgan Main St., Fort Morgan, CO
Glenwood Springs Mall, Glenwood Springs, CO
St. Vrain Centre, Longmont, CO
Broadway Plaza, Sterling, CO
Connecticut Post Mall, Milford, CT
Jacksonville Regional Shopping Center, Jacksonville, FL
Palatka Mall, Palatka, FL
Dublin Mall, Dublin, GA
Macon Mall, Macon, GA
Milledgeville Mall, Milledgeville, GA
Gateway Plaza, Thomasville, GA
Tifton Mall, Tifton, GA
Downtown Decorah, Decorah, IA
Crossroads Mall, Fort Dodge, IA
Penn Central Mall, Oskaloosa, IA
Quincy Place, Ottumwa, IA
Snake River Plaza, Burley, ID
Eastland Mall, Bloomington, IL
Fulton Square Canton, IL
Village Square Mall, Effingham, IL
Freestanding, Macomb, IL
Peru Mall, Peru, IL
Northland Mall, Sterling, IL
Centerpointe of Woodridge, Woodridge, IL
FairOaks Mall, Columbus, IN
Connersville Plaza, Connersville, IN
Huntington Plaza, Huntington, IN
Jasper Manor Center, Jasper, IN
Logansport Mall, Logansport, IN
Chanute Square, Chanute, KS
Downtown Great Bend, Great Bend, KS
Hutchinson Mall, Hutchinson, KS
Freestanding, Lawrence, KS
Winfield Plaza, Winfield, KS
Cortana Mall, Baton Rouge, LA
Park Terrace, DeRidder, LA
North Shore Square, Slidell, LA
Berkshire Mall, Lanesborough, MA
Easton Marketplace, Easton, MD
Rockland Plaza, Rockland, ME
Lakeview Square Mall, Battle Creek, MI
Delta Plaza, Escanaba, MI
Westshore Mall, Holland, MI
Copper Country Mall, Houghton, MI
Birchwood Mall, Kingsford, MI
Midland Mall, Midland, MI
Cascade Crossings, Sault Ste. Marie, MI
Central Lakes Crossing, Baxter, MN
Five Lakes Centre, Fairmont, MN
Faribo West Mall, Faribault, MN
Irongate Plaza, Hibbing, MN
Hutchinson Mall, Hutchinson, MN
Red Wing Mall, Red Wing, MN
Downtown Thief River Falls, Thief River Falls, MN
Freestanding, Winona, MN
Maryville Center, Maryville, MO
Leigh Mall, Columbus, MS
Southgate Plaza, Corinth, MS
Greenville Mall, Greenville, MS
Bonita Lakes Mall, Meridian, MS
Oxford Mall, Oxford, MS
Capital Hill Mall, Helena, MT
Sidney Main Street, Sidney, MT
Albemarle Crossing, Albemarle, NC
Boone Mall, Boone, NC
Eastridge Mall, Gastonia, NC
Blue Ridge Mall, Hendersonville, NC
Monroe Crossing, Monroe, NC
Becker Village Mall, Roanoke Rapids, NC
Prairie Hills Mall, Dickinson, ND
Buffalo Mall, Jamestown, ND
Downtown Wahpeton, Wahpeton, ND
Fremont Mall, Fremont, NE
Downtown McCook, McCook, NE
Platte River Mall, North Platte, NE
Rio Grande Plaza, Rio Grande, NJ
The Boulevard, Las Vegas, NV
Dunkirk-Fredonia Plaza, Dunkirk, NY
Westfield Sunrise, Massapequa, NY
Palisades Center, West Nyack, NY
Findlay Village Mall, Findlay, OH
New Towne Mall, New Philadelphia, OH
Richmond Town Square, Richmond Heights, OH
St. Mary's Square, St. Mary’s, OH
Altus Plaza, Altus, OK
Ne-Mar Shopping Center, Claremore, OK
Ponca Plaza, Ponca City, OK
Pioneer Square Shopping Center, Stillwater, OK
Astoria Downtown, Astoria, OR
Grants Pass Shopping Center, Grants Pass, OR
La Grande Downtown, La Grande, OR
Downtown Pendleton, Pendleton, OR
The Dalles Main Street, The Dalles, OR
Columbia Mall, Bloomsburg, PA
Clearfield Mall, Clearfield, PA
King of Prussia Mall, King of Prussia, PA
Philadelphia Mills, Philadelphia, PA
Bradford Towne Centre, Towanda, PA
Lycoming Mall, Pennsdale, PA
Willow Grove Park, Willow Grove, PA
Citadel Mall, Charleston, SC
Town 'N Country, Easley, SC
Palace Mall, Mitchell, SD
Northridge Plaza, Pierre, SD
Watertown Mall, Watertown, SD
Yankton Mall, Yankton, SD
Greeneville Commons, Greeneville, TN
Knoxville Center, Knoxville, TN
County Market Place, Union City, TN
Athens Village Shopping Center, Athens, TX
Borger Shopping Plaza, Borger, TX
Heartland Mall, Early, TX
El Paso Downtown, El Paso, TX
Marshall Mall, Marshall, TX
McAllen Downtown, McAllen, TX
University Mall, Nacogdoches, TX
King Plaza Shopping Center, Seguin, TX
Bosque River Center, Stephenville, TX
New River Valley Mall, Christiansburg, VA
Tanglewood Mall, Roanoke, VA
Pilchuck Landing, Snohomish, WA
Pine Tree Mall, Marinette, WI
Marshfield Mall, Marshfield, WI
Richland Square Shopping Center, Richland Center, WI
Rapids Mall, Wisconsin Rapids, WI
Foxcroft Towne Center, Martinsburg, WV
Downtown Sheridan, Sheridan, WY

[BillyGr]

Palisades in on both lists as well - not sure about others?

[shore72]

Easton, MD is my nearest store; it's a smaller location in a shopping center but well run. That's an upscale area with lots of retirees & steady retail growth. Kohl's is next door, though, with a Peebles across the street.