J.C. Penny announcedthat it will close 192 stores be the end of the year. The company says it does not have a list of which store will close yet or if any of the stores in Tampa Bay including the one at Tyrone Mall will be affected.
On Wednesday, the company will re-open the stores at Countryside Mall in Clearwater, the Shops at Wiregrass in Wesley Chapel and Nature Coast Commons in Spring Hill. It is unknown if that is a precursor of what is to come.
Penney is the biggest retailer to file for bankruptcy reorganization since the pandemic as business shutdowns across the country have evaporated sales. In fact, U.S. retail sales tumbled by a record 16.4% from March to April.