Poughkeepsie Galleria's J.C. Penney store among 13 countrywide closures
The J.C. Penney in the Poughkeepsie Galleria is set to close permanently.
It is among 13 locations that will close in Chapter 11 bankruptcy. The department store chain expects to begin liquidation sales at the stores on July 3 after a federal judge signs off.
Until this year, the Poughkeepsie Galleria was able to buck the trend of shopping malls losing anchor stores. But in February Sears announced a liquidation sale and closure in its Galleria location. J.C. Penney was one of the mall's first tenants.
The latest round of store closings comes in addition to 136 J.C Penney stores that have already begun going-out-of-business sales. Those locations were the first ones revealed as part of a broader plan to close 242 locations permanently.
J.C. Penney filed for Chapter 11 bankruptcy protection in May after years of sales declines and two months of disruption from the coronavirus pandemic. The company hopes to use the process to shed debt and remain in business. It faces a crucial deadline in mid-July to deliver a turnaround plan.
Geoffrey Wilson: email@example.com, 845-437-4882, Twitter: Geoff_LW.