JCPenney will likely target locations in the approximately 100 shopping malls that have multiple anchor vacancies, analysts wrote.
18 full-line department stores and nine home and furniture stores this year, bringing its total locations to roughly 840.
JCPenney said in February that it planned to close 18 full-line department stores and nine home and furniture stores this year, bringing its total locations to roughly 840.Going forward, the company will likely target store closures in the approximately 100 malls that already have multiple anchor vacancies, analysts wrote.
But closing another 100 stores won't solve all JCPenney's problems. The company also needs to improve the productivity of its remaining stores, according to the Moody's report.
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