J.C. Penney lists 138 store closures, Coastal Grand not among th - WMBFNews.com, Myrtle Beach/Florence SC, Weather

J.C. Penney lists 138 store closures, Coastal Grand not among them

(Source: JC Penney on Facebook) (Source: JC Penney on Facebook)

MYRTLE BEACH, SC (WMBF) - The JCPenney at the Coastal Grand Mall is not among a list of planned store closings which were announced last month.

In a February 24 statement, JCPenney announced plans to shutter 130 to 140 stores because of slowing traffic and muted sales, with most closures planned for the second quarter of 2017.

Morningstar Credit Rankings, an independent business ratings company, identified 39 JCPenney locations that are most at risk of closing due to below-average tenant sales. The Coastal Grand Mall location was among them, however, the official list from JCPenney released Friday does not list Coastal Grand.

RELATED STORY: Report: J.C. Penney at Coastal Grand among stores at risk of closing

FULL LIST: J.C. Penney lists 138 stores closing; 5,000 employees impacted

Copyright 2017 WMBF News. All rights reserved. 

Powered by Frankly