JCPenney closing 33 stores, 2 in Virginia - WVVA TV Bluefield Beckley WV News, Weather and Sports

JCPenney closing 33 stores, 2 in Virginia

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BRISTOL (WVVA) - Struggling department store J.C. Penney says it will close 33 underperforming stores and slash 2,000 jobs, in a measure it says will generate annual savings of approximately $65 million, according to an NBC News report.

The company made the announcement late Wednesday. Penney shares fell 0.9% to $6.95 in after-hours trading. 

"As we continue to progress toward long-term profitable growth, it is necessary to reexamine the financial performance of our store portfolio and adjust our national footprint accordingly," CEO Myron Ullman said in a news release.

No West Virginia stores are included on the list of closures. Two Virginia stores will be closed, the closest to our region being the Bristol Mall location.

Following is the full list of closures:

AL
Selma
Selma Mall
CA
Rancho Cucamonga
Arrow Plaza
CO
Colorado Springs
Chapel Hills Mall
CT
Meriden
Meriden Square
FL
Leesburg
Lake Square Mall
FL
Port Richey
Gulf View Square
IA
Muscatine
Muscatine Mall
IL
Bloomingdale
Stratford Square Mall
IL
Forsyth
Hickory Point Mall
IN
Marion
Five Points Mall
IN
Warsaw
Marketplace Shopping Center
MD
Salisbury
The Centre at Salisbury
MI
Marquette
Westwood Plaza
MN
Worthington
Northland Mall
MS
Gautier
Singing River Mall
MS
Natchez
Natchez Mall
MT
Butte
Butte Plaza Shopping Center
MT
Cut Bank
(N/A)
NC
Kinston
Vernon Park Mall
NJ
Burlington
Burlington Center
NJ
Phillipsburg
Phillipsburg Mall
OH
Wooster
Wayne Towne Plaza
PA
Exton
Exton Square Mall
PA
Hazleton
Laurel Mall
PA
Washington
Washington Mall
TN
Chattanooga
Northgate Mall
VA
Bristol
Bristol Mall
VA
Norfolk
Military Circle Mall
WI
Fond Du Lac
Forest Mall
WI
Janesville
Janesville Mall
WI
Rhinelander
Lincoln Plaza Center
WI
Rice Lake
Cedar Mall
WI
Wausau
Wausau Mall
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