MENOMONEE FALLS — A JCPenney store in Menomonee Falls will close along with 153 other stores across the U.S.
According to the Milwaukee Business Journal, JCPenney filed for chapter 11 bankruptcy protection back in May. Now, they are closing 154 stores nationwide.
The only Wisconsin store affected is the Menomonee Falls location at N96W18515 County Line Road.
The Milwaukee Business Journal is reporting that liquidation sales are scheduled to begin June 11, and could take 11 to 16 weeks to complete.
"While closing stores is always an extremely difficult decision, our store optimization strategy is vital to ensuring we emerge from both Chapter 11 and the COVID-19 pandemic as a stronger retailer with greater financial flexibility to allow us to continue serving our loyal customers for decades to come,” Jill Soltau, CEO of JCPenney, said in a statement.