Will JCPenney department stores survive?

Published: April 14, 2024, 4:53 p.m.

James Cash Penney, or J.C. Penney, opened a store in Wyoming in 1902 that would go on to become JCPenney department stores. The stores became ubiquitous across the U.S. in the 20th century and at one point in the 1970s earned over $5 billion in revenue across 2,053 stores. But, with the rise of online shopping, the company came across hard times and in 2020 filed for bankruptcy. Will JCPenney and other department stores survive into the future?

Folks wait for the horses to parade past at an event featuring the Budweiser Clydesdales at the JCPenney in Turkey Creek, Wednesday, Dec. 1, 2021. Horses1201 003
Facade of JCPenney department store at Willowbrook Mall in Wayne
Workers clear snow from the parking lot outside JCPenney at Polaris mall on Friday morning
JCPenney anchors the east end of The Shops at Palm Desert mall in Palm Desert, Calif., March 29, 2022. PLEASE USE AS MAIN ON A
The former JCPenney building located at 305 Liberty St. NE is for lease on Tuesday, Dec. 12, 2023 in Salem, Ore
JCPenney store at the Mall at Wellington Green in Wellington, May 20, 2020. [ALLEN EYESTONE/palmbeachpost.com
The closed JCPenney department store at Monmouth Mall in Eatontown. Sept. 11, 202
Heather Hoskins, left, rings up Krystal Livingston's, second from right, exchanges Saturday, Dec. 26, 2009, at JCPenney in the Cross Creek Mall. Livingston was shopping with her mother, Rosalind Day, second from left, and her grandmother, Thelma Day, far right
The closed down JCPenney at Georgia Square Mall in Athens, Ga., on Wednesday, Feb. 22, 2023. The Athens City government plans to teardown and redevelop most the mall in the future. News Joshua L Jone
Ariyana Orona, right, helps Helen Ann Pitts with her make up at the grand opening of JCPenney Beauty in Cross Creek Mall on Friday, Nov. 11, 2022. Fob Pitts Inclusive Beauty 0
Michelle Nicholson, director of sales and leasing for Industrial Commercial Properties, talks about the plans for the old JCPenney store on Tuesday in Akron. Chapelhill 1
The former JCPenney in the North Hanover Mall is seen on Tuesday, July 20, 2021. Hanovermal
Customers looked for early Black Friday deals on Thanksgiving Day last year in JCPenney in Grand Chute's Fox River Mall. Apc Blackfriday 112218 0322 Dj
The JCPenney on Ford Road in Canton will close in March, according to the company. Canton Jcpenne
STURBRIDGE - The J.C. Penney store in Sturbridge Plaza is closing for good in the spring. Biz Jcpenne
People started lining up before noon at the JCPenneys at Merritt Square Mall, with a line of hundreds snaking all the way down to Macy's at 2:00 p.m. when Penneys opened their door for the Black Friday door busters. Black Frida
The JCPenney store at the Richmond Mall reopened for business on Wednesday, Oct. 30, 2019. M1 893
Stylists at InStyle Salon Inside JCPenney at the Christiana Mall held a second annual Makeover Ministry event giving mini makeovers for the homeless community of Wilmington that came from Emmanuel Dining Hall Soup Kitchen and the Sunday Breakfast Mission Homeless Shelter.Wil Homeless Makeove