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J.C. Penney adds more stores to list of closed stores during the COVID-19 pandemic

New York will see two more stories close

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In this July 31, 2009 file photo, customers are seen in the main entrance of the new JCPenney store in the Manhattan Mall during the grand opening in New York. J.C. Penney Co. said Friday, May 14, 2010, its first-quarter net income more than doubled as sales improved across most categories

FILE - In this July 31, 2009 file photo, customers are seen in the main entrance of the new JCPenney store in the Manhattan Mall during the grand opening in New York. J.C. Penney Co. said Friday, May 14, 2010, its first-quarter net income more than doubled as sales improved across most categories. (AP Photo/Mary Altaffer, file)

AP

J.C. Penney has added new locations to its list of closures amid the COVID-19 pandemic, bringing the current closings list to 150 locations.

What’s happened:

According to USA Today, J.C. Penneywill close two new stores in New York:

  • Brooklyn Kings Plaza, 5100 Kings Plaza.
  • New York: Manhattan Mall, 100 W 32nd St.

J.C. Penney has asked for more time from lenders and buyers for negotiations over bankruptcy, according to Dallas Morning News.

Joshua Sussberg of Kirkland & Ellis said: “We’re going to need more time. Our conversations have been incredibly productive. We believe we will come to an agreement and solution and avoid the outcome no one wants.”