JCPenney: Interactive Store-Closings Map
This month, JCPenney released the list of 138 stores it will close by the end of Q2, details of a move that company executives first made public in January. The closings are part of a plan “to optimize retail operations, advance growth and drive profitability.” Although large swaths of store closings are an unpleasant prospect, the move is sound when considering the 138 shuttered stores account for 14% of the company’s current portfolio of 1,103, yet according to the company, generate less than 5% of total sales.
Combined with more of what’s working – Sephora instore expansion, a them-too introduction of Nike store-within-a-store space and an even greater emphasis on its built presence to facilitate online fulfillment – the right-sizing initiative can be a positive.
Sitting on 1,013 stores to start 2017, closures aren’t new to the company, though the scale certainly is. According to CSG’s Department Stores Database the company has steadily reduced its footprint from a peak of 1,104 stores in late 2012, with each successive year bringing net closures.
Leveraging store-locations data from our custom-solutions database to augment the list provided by the company, the map above charts the 138 closings, with an interactive feature providing details that include the mall/location, city and state for each store.
Digging deeper, the Chain Store Guide locations database contains geocoding and addresses for all 1,103 locations. This data affords the ability to precisely map (to an even more refined street-level view) the entire JCPenney fleet. In addition, the database contains 73,000 additional department and apparel stores (along with 650,000+ other retail locations).
If your business is in the business of retail locations, Chain Store Guide may be able to help deliver the results you need.