J.C. Penney Co. Inc., in bankruptcy proceedings since May 15 and liquidating scores of stores, has added its Manhattan Mall store to its list of closures.
Penney’s opened the Manhattan Mall store in August 2009 with a lot of hoopla. The city’s mayor at the time, Michael Bloomberg, along with a bevy of models and hundreds of onlookers came to the opening day, underscoring the significance of the opening for the Plano, Tex.-based chain and the city. It was a sign that Penney’s was attempting to become aggressive again and stand up to the much larger and popular Macy’s Herald Square, a block away.
In New York City, Penney’s also has stores in the Bay Plaza Mall in the Bronx; Queens Center in Elmhurst; the Staten Island Mall, and Gateway Center in Brooklyn. Penney’s, currently with about 850 units, has been announcing store closings in phases. It’s in the process of liquidating 136 stores, though the retailer has 169 on its list of units to be closed and is expected to announce additional closings.
Fashion has too many choices...! We need to reconfigure the whole industry ☹️
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