One of the city’s original downtown department stores will be closing their doors this Spring.
J.C. Penney announced earlier this year that they would be shuttering 138 stores nationwide, on Friday, the company released the list.
The multi-level store, located at 324 E San Antonio Street, has been a shopping destination for Borderland residents for several decades. The Penney’s downtown location joins the Macy’s at Sunland Park Mall and two K-Marts – one on McRae, and the other on Dyer Street – in the recent announcements of big box retailers to close.
According to that February release, Marvin R. Ellison, chairman and chief executive officer of JCPenney said, “We understand that closing stores will impact the lives of many hard working associates, which is why we have decided to initiate a voluntary early retirement program for approximately 6,000 eligible associates. By coordinating the timing of these two events, we can expect to see a net increase in hiring as the number of full-time associates expected to take advantage of the early retirement incentive will far exceed the number of full-time positions affected by the store closures,” added Ellison.
In addition to the El Paso store, the following Texas stores will also be closed:
- Athens Village Shopping Center, Athens, TX
- Borger Shopping Plaza, Borger, TX
- Heartland Mall, Early, TX
- Marshall Mall, Marshall, TX
- McAllen Downtown, McAllen, TX
- University Mall, Nacogdoches, TX
- King Plaza Shopping Center, Seguin, TX
- Bosque River Center, Stephenville, TX
Additionally, JCPenney will close a distribution center located in Lakeland, Fla. in early June, at which time operations will transfer to the Company’s logistics facility in Atlanta as part of a strategic effort to streamline store support services. The Company also is in the process of selling its supply chain facility in Buena Park, California.
The stores are expected to be closed by May; an estimated 5000 employees nation-wide will be left without jobs as a result of the closures.