Wausau JCPenneys to close this weekend - WAOW - Newsline 9, Wausau News, Weather, Sports

Wausau JCPenneys to close this weekend

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WAUSAU (WAOW) -- The JCPenney store in the Wausau Center Mall is set to close this weekend on May 3, a supervisor at the store told Newsline 9 on Wednesday.

Store managers say they may sell out of merchandise before that date, which would cause them to close earlier than anticipated.

The JCPenney locations in both Wausau and Rhinelander are among 33 stores the company announced it was closing back in January, as it tried to turn around results.

The Wausau store was one of the original anchors when the Wausau Center Mall opened in 1983 in downtown Wausau, selling apparel and home furnishings.

Two other stores recently closed in the mall – Hollister and Gap.

The city has considered giving the mall a break on rent, but council members voted against doing that, saying they didn't know enough about running a retail mall to make a decision like that.

The proposal would have allowed the mall's parent company to attract a store to replace JCPenney.

The company that owns the Wausau mall recently announced it was selling some of its properties. CBL & Associates Properties would not tell Newsline 9 if the Wausau Center Mall was on that list.

Other JCPenneys locations in Wisconsin set to close are in Fond Du Lac, Janesville and Rice Lake.

The news came after JCPenney earlier said it was pleased with holiday results, but declined to give sales figures.

JCPenney said the store closings should save more than $65 million annually.

Chief Executive Officer Myron Ullman said the closings are based on their "financial performance" as the company tries to "progress toward long-term profitable growth."

JCPenney operates about 1,100 stores and employs 116,000 workers.

JCPenny said stores will be closing in 20 states. With five stores being shuttered, Wisconsin had the most, followed by Pennsylvania with three.

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