PLANO, Texas — J.C. Penney is closing four Colorado locations, part of 138 stores the retailer will shut down, the company announced Friday morning.
The store closures are part of a previously announced plan to turn more focus to its e-commerce platforms.
The locations closing in Colorado are in Fort Morgan, Glenwood Springs, Longmont and Sterling.
“We believe closing stores will allow us to adjust our business to effectively compete against the growing threat of online retailers,” CEO Marvin Ellison said in a statement.
Approximately 5,000 employees nationwide will be impacted by the closures, the company said.
The company said most stores will begin the liquidation process on April 17. The store locations are expected to close in June, according to the company.AlertMe