The JCPenney’s Home Store in Springfield’s Primrose Marketplace will be closing as part of the company’s plan to shut 27 locations across the country that showed weak sales during the recent holiday season.
Penney’s faced a significant drop in sales in the 4th quarter of 2018.
“As part of a standard annual review, JCPenney can confirm that it will be closing its Springfield Home Store with an effective closing date expected this fall,” JCPenneys said in a statement to OI. “This decision is the result of an ongoing review of our store portfolio, which includes assessing locations that may not meet our required financial targets or represent an opportunity to capitalize on a beneficial real estate asset. It’s never easy taking actions that directly impact our valued associates and customers, however we feel this is a necessary business decision.
“Eligible associates who do not transfer to another JCPenney location will receive separation benefits and all impacted associates may participate in a three hour on-site career training class, at no cost to the associate, which offers tips on resume writing, answering interview questions and more.”