Note: This story was last updated at 3 p.m. May 20.
Saddled with debt and already struggling, JCPenney filed for bankruptcy protection on Friday after closing its stores because of the COVID-19 pandemic, and the Oak Ridge store remains closed.
It’s not clear if or when the Oak Ridge store will re-open. It’s listed as temporarily closed.
Other JCPenney stores that are listed as temporarily closed in the area include locations in Turkey Creek in Farragut, West Town Mall in Knoxville, and Foothills Mall in Maryville.
JCPenney is the largest retailer to file for bankruptcy protection since the COVID-19 pandemic forced stores to temporarily close, according to CBS News.
There are only two JCPenney stores open in Tennessee. They are both near Nashville in Middle Tennessee. One is in Mt. Juliet, and the other is in Murfreesboro.
The company closed its stores and offices about two months ago, on March 18, because of COVID-19. It temporarily furloughed most hourly store employees starting April 2.
In a press release Friday, JCPenney said it will close stores in phases during its Chapter 11 bankruptcy. But details about the specific stores and their closing dates haven’t been announced.
JCPenney didn’t initially say how many stores might close, but over the weekend, there were reports that the company planned to close almost 30 percent of its 846 stores—about 192 stores by February and another 50 in 2022. That will leave the company, one of America’s most well-known chains, with just over 600 stores. Before the COVID-19 pandemic shut down the United States, JCPenney had announced plans to close six of its stores in April, according to CNN.[Read more…]