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Monday, January 27, 2020

JCPenney Bleeds!

JCPenney is dwindling down.
JCPenney announced they're shutting down a handful of stores.

They are planning to close up to 10 stores and one call center.

The stores will have "an effective closing date of April 24," Brooke Buchanan, senior vice president of communications said in a statement.

"This decision is the result of careful and ongoing review of our store portfolio," Buchanan said. "It's never easy to close a store, however, we felt this is a necessary business decision."

The Lenexa, Kansas call center is slated to close. It's located in the Kansas City metropolitan area. So that means folks living in Kansas and Missouri are losing their jobs.

In 2019, JCPenney decided to close up 27 stores and ended sales of appliances and furniture and placed its bets on apparel and related merchandise.

Stores that are affected will include Ohio, Montana, New York, Oklahoma, North Carolina, South Carolina and Florida.

The shopping malls across the country are dying. It's not only affecting us here in Ohio, but across the country and even in Canada. Folks aren't going to the mall anymore.

I remember that malls enforced rules to target children of color. They imposed age restrictions, dress codes and placed security measures like gates to prevent theft. All of this was "coded" to target people of color.

Now the malls suffer.

This is Trump's economy folks and it's affect us here in the Dayton area.

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