WILKES-BARRE TWP. — JCPenney will remain open at the Wyoming Valley Mall.
J.C. Penney Co. released a list of 138 store closures on Friday, and the Wilkes-Barre Township location was noticeably missing from that list.
Earlier this month report by Morningstar Credit Ratings listed the Wyoming Valley Mall store as a store identified as most at risk for closing.
It’s at least partially due to the local site’s below-average sales, the report noted.
The company announced plans in February to close between 130 and 140 stores and two distribution centers over the next few months.
A news release from the company’s corporate headquarters in Plano, Texas, states these strategic decisions will help align the company’s brick-and-mortar presence with its “omnichannel network,” thereby redirecting capital resources to invest in locations and initiatives that offer the greatest revenue potential.