If JC Penny closes

[danfifepsu]

IF JC Penny closes, that will cripple a lot of malls with SEARS gone too.


WHAT can be done??? or will replace the spaces of the 2?

or if a new department store adapt to Amazon will come?

Malls are a landmark!

[Pikapower]

If JCPenney were to close at a dead or dying mall that had a has JCPenney as its only anchor store open, then that mall is done for.

On the other hand if JCPenney were to close at a more thriving mall, then the mall will probably have some temporary pop up shops fill in JCPenney's space until they can find a permanent replacement.

[danfifepsu]

If JCPenney were to close at a dead or dying mall that had a has JCPenney as its only anchor store open, then that mall is done for.

On the other hand if JCPenney were to close at a more thriving mall, then the mall will probably have some temporary pop up shops fill in JCPenney's space until they can find a permanent replacement.

what can that dying or done for mall do???

and if its more thriving, what would be a more permanent replacement?

WHAT can be done to Save JC Penny? It has the potential I feel to avoid the same fate as Sears. Its not as bad of condition as Sears , ie its stores and they want to do something. Sears rode it down.

to me SEARS is done for.

[mixedday]

While there are a increasing number of dead malls, I think each mall is it's own situation. Primary malls will likely adapt better.

For example, Berkshire Mall in PA lost Bon Ton and is losing Sears, leaving only Boscov's. But that Boscov's will be in healthier shape most likely, and the mall has stores inside that are doing fine. The mall owner plans to do some redevelopment as well and will add new stores. So, I'd say a bright outlook mostly. It's the only primary mall in Berks County, PA, even though it's small.

Then, there is a mall like Lakeforest Mall in Gaithersburg MD which is large and has macy's, jcpenney, sears and lord&taylor. It's possible all with exception of one anchor remains in the next few years, and there is a dying out process. It's been reported that this mall is already ghetto inside and has had financial issues.

In the Northeast, Boscov would have plenty of solid A mall JCPenney sites to pursue: Freehold Raceway Mall, Quaker Bridge Mall, Columbia Mall (Columbia MD), Walden Galleria (Buffalo NY) to name a few that I have visited. I wonder if Dillard's would make a Northeast US entry? or Belk? maybe macy's would add more stores, and bloomingdale's sites.

[mixedday]

Hamilton Mall in Atlantic County (NJ) is one mall that might suffer for awhile. It is losing Sears already. The other anchors are macy's and JCPenney, but the macy's closes at 8pm typically during the weekdays, one hour before the mall closes. The mall is a B mall, and until recently, not bad, but not strong enough in my opinion to weather it out.

Two super Wal Marts literally sandwich the mall in different directions. Other common stores like Target, Dick's, Kohl's are in a nearby big box center.

Boscov's operates a few miles east in the former Shore Mall. Boscov might not want to relocate (to the former Sears space) because it's store is actually closer to Shore, and it's more accessible to some nice towns like Linwood. Boscov likely does well that it doesn't need the hassle of relocating.

Another struggle is Atlantic City/County isn't well populated and has struggled to overcome it's image (that Vegas is better, etc.). It lost Apple Store in the Pier at Caesar's, which was a major blow. The Atlantic County area doesn't even have stores like Barnes & Noble and Panera.

However, there is a huge former racetrack behind the mall. I actually think this area has potential and could be redeveloped. It needs to get a few big stores (Wegmans, Costco, Barnes &Noble, Panera and add a hybrid outdoor promenade and space for office).

But, I feel most people look down on this area and nobody will project what it can become. What is an asset to the area is there is an underused airport (ACY) nearby and a train line to Philly (NJ Transit Line but currently suspended until early next year).

[danfifepsu]

While there are a increasing number of dead malls, I think each mall is it's own situation. Primary malls will likely adapt better.

For example, Berkshire Mall in PA lost Bon Ton and is losing Sears, leaving only Boscov's. But that Boscov's will be in healthier shape most likely, and the mall has stores inside that are doing fine. The mall owner plans to do some redevelopment as well and will add new stores. So, I'd say a bright outlook mostly. It's the only primary mall in Berks County, PA, even though it's small.

Then, there is a mall like Lakeforest Mall in Gaithersburg MD which is large and has macy's, jcpenney, sears and lord&taylor. It's possible all with exception of one anchor remains in the next few years, and there is a dying out process. It's been reported that this mall is already ghetto inside and has had financial issues.

In the Northeast, Boscov would have plenty of solid A mall JCPenney sites to pursue: Freehold Raceway Mall, Quaker Bridge Mall, Columbia Mall (Columbia MD), Walden Galleria (Buffalo NY) to name a few that I have visited. I wonder if Dillard's would make a Northeast US entry? or Belk? maybe macy's would add more stores, and bloomingdale's sites.

Wont over expansion of Belk and Dillards hurt like Target in Canada?

I hope these malls can find ways to use Sears space.

I hope JC PENNY can be saved. it has better potential than Sears or Kmart.

[mixedday]

I think stores (Belk, Dillards, Boscov's, etc.) have to be careful in site selection and not run into over-expansion either. Back in the mid 2000s, Boscov's made a mistake of getting itself into crappy malls (Marley Station), or just average malls, but as a fourth anchor competing against macys, jcpenney and sears. In some cases, it worked (Deptford Mall), but in others, it wasn't viable.

Belk and Dillards will probably just evaluate A malls and in specific markets. I'm sure the Washington DC market has to be on their radar, given the economic growth in that market. Dillards comes up so close to Richmond and Belk to rural Maryland. Probably Philly won't happen unless Dillards buys out Lord & Taylor stores or something and gets fully into the Northeast.

For B malls, Dillard's probably won't go to, so it'd be Burlington, Dick's and the like.

Perhaps at the Hamilton Mall that I just mentioned, Burlington could replace one floor of the Sears building, and entertainment (like Round 1) replaces the other level. Sears is in closing process. I will have to check it out before the store closes for good. I just hope that JCPenney doesn't close, before some replacement of Sears is done. I think that could lead to a fast downward spiral there. I like the foodcourt in that mall, and the macy's is actually decent, although it closes at 8pm. Hopefully, it will get an uptick in business when Sears closes, that the store can stay open until 9pm even after the holiday season. I just think that Wal-Mart (two super Walmarts) and discount stores have surrounded the mall and it in someways suppresses desirability, and that area being far from Philly is typically last to get new stores. Two casinos have opened in Atlantic City and a new Stockton University there. So it's not all bad down there - new activity is in works, but often the simple perception is the area is in decline, so no investment should happen.

[danfifepsu]

I think stores (Belk, Dillards, Boscov's, etc.) have to be careful in site selection and not run into over-expansion either. Back in the mid 2000s, Boscov's made a mistake of getting itself into crappy malls (Marley Station), or just average malls, but as a fourth anchor competing against macys, jcpenney and sears. In some cases, it worked (Deptford Mall), but in others, it wasn't viable.

Belk and Dillards will probably just evaluate A malls and in specific markets. I'm sure the Washington DC market has to be on their radar, given the growth in that market, and at least Dillards comes up so close to Richmond and Belk to rural Maryland. Probably Philly won't happen unless Dillards buys out Lord & Taylor stores or something and gets fully into the Northeast.

For B malls, Dillard's probably won't go to, so it'd be Burlington, Dick's and the like.

Perhaps at the Hamilton Mall that I just mentioned, Burlington could replace one floor of the Sears building, and entertainment (like Round 1) replaces the other level. Sears is in closing process. I will have to check it out before the store closes for good. I just hope that JCPenney doesn't close, before some replacement of Sears is done. I think that could lead to a fast downward spiral there. I like the foodcourt in that mall, and the macy's is actually decent, although it closes at 8pm. Hopefully, it will get an uptick in business when Sears closes, that the store can stay open until 9pm even after the holiday season. I just think that Wal-Mart (two super Walmarts) and discount stores have surrounded the mall and it in someways suppresses desirability, and that area being far from Philly is typically last to get new stores. Two casinos have opened in Atlantic City and a new Stockton University there. So it's not all bad down there - new activity is in works, but often the simple perception is the area is in decline, so no investment should happen.

Can JC PEnny be saved?

[mixedday]

I think stores (Belk, Dillards, Boscov's, etc.) have to be careful in site selection and not run into over-expansion either. Back in the mid 2000s, Boscov's made a mistake of getting itself into crappy malls (Marley Station), or just average malls, but as a fourth anchor competing against macys, jcpenney and sears. In some cases, it worked (Deptford Mall), but in others, it wasn't viable.

Belk and Dillards will probably just evaluate A malls and in specific markets. I'm sure the Washington DC market has to be on their radar, given the growth in that market, and at least Dillards comes up so close to Richmond and Belk to rural Maryland. Probably Philly won't happen unless Dillards buys out Lord & Taylor stores or something and gets fully into the Northeast.

For B malls, Dillard's probably won't go to, so it'd be Burlington, Dick's and the like.

Perhaps at the Hamilton Mall that I just mentioned, Burlington could replace one floor of the Sears building, and entertainment (like Round 1) replaces the other level. Sears is in closing process. I will have to check it out before the store closes for good. I just hope that JCPenney doesn't close, before some replacement of Sears is done. I think that could lead to a fast downward spiral there. I like the foodcourt in that mall, and the macy's is actually decent, although it closes at 8pm. Hopefully, it will get an uptick in business when Sears closes, that the store can stay open until 9pm even after the holiday season. I just think that Wal-Mart (two super Walmarts) and discount stores have surrounded the mall and it in someways suppresses desirability, and that area being far from Philly is typically last to get new stores. Two casinos have opened in Atlantic City and a new Stockton University there. So it's not all bad down there - new activity is in works, but often the simple perception is the area is in decline, so no investment should happen.

Can JC PEnny be saved?

I hope so, but this analyst doesn't think so:
https://finance.yahoo.com/video/jcpenney-execs-magically-stopped-stock-221744762.html

I don't like yahoo for news though, but I came across that article.

This article:
https://www.marketwatch.com/story/sears-demise-could-hurt-not-help-jc-penney-2018-11-15?siteid=yhoof2&yptr=yahoo

I'm not sure that I agree with this:
“Moreover, the exit of Sears from some malls may actually harm traffic, which will have a negative knock-on impact for J.C. Penney.”

I think JCPenney benefits typically in malls where the Sears closes, but it remains. If I'm in Hamilton Mall (using that as example), and needed to buy new towels, I would drive to Sears as it faces the highway and has a good mall entrance, When it closes, I'd be more inclined to drive to JCPenney in the back side of the mall. Every sale counts.

[giantsfan2016]

JCP is not going to close any time soon. Sure they'll probably reduce the number of stores they have, but that's life. They are nowhere near in the shape that Sears/KMART is in.

[danfifepsu]

JCP is not going to close any time soon. Sure they'll probably reduce the number of stores they have, but that's life. They are nowhere near in the shape that Sears/KMART is in.

and for JCP at least management has been making efforts and they have more to offer. Sears / Kmart rode it down and it reached where I couldnt care if they close. Of JCP I have seen that of a store's lease expires soon and it didnt even close. If they close more stores more likely in the done for more malls they will close in.