JCPenney to close 2 Central Wisconsin locations - WAOW - Newsline 9, Wausau News, Weather, Sports

JCPenney to close 2 Central Wisconsin locations

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WAOW -

JCPenney has released a list of 138 stores that will close in the coming weeks.

The list includes four JCPenney stores in Wisconsin:

Marshfield Mall - Marshfield
Rapids Mall - Wisconsin Rapids
Pine Tree Mall - Marinette
Richland Square Shopping Center - Richland Center

The retail chain says most of the impacted stores will begin liquidation on April 17.

In February, JCPenney announced plans to "optimize its national retail operations."

“We believe closing stores will also allow us to adjust our business to effectively compete against the growing threat of online retailers," reads a statement from Marvin R. Ellison, chairman and CEO of JCPenney.

JCPenney said closing the affected stores would result in savings of $200 million.

The company says associates will receive separation benefits, including help looking for other jobs. Some will be eligible for early retirement.

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