Calcutta JC Penney to remain open

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However, the fate of the store in Marshalltown was not officially known until J.C. Penney released a list of the stores it plans to close, in a statement issued Friday.

On Friday, the company announced that 138 stores will be closed.

"In 2016, we achieved our $1 billion (Earnings Before Interest, Taxes, Depreciation and Amortization) target and delivered a net profit for the first time since 2010; however, we believe we must take aggressive action to better align our retail operations for sustainable growth", said Marvin R. Ellison, chairman and CEO of J.C. Penney in the February 24 news release that originally announced the store closures. Most stores will begin liquidation sales beginning April 17 and close in June.

The closings will leave J.C. Penney with a total of about 900 stores. "We believe that closing the interior mall is a necessary step in order to revitalize the property and make it a viable part of the community going forward". Additionally, the department store chain says it will provide outplacement support services for those eligible associates who will be leaving the company.

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Stores affected in Georgia include those in Gateway Plaza in Thomasville and the Tifton Mall, as well as locations in Milledgeville, Macon and Dublin. In addition, the doors will remain open at J.C. Penney sites in Boardman, the Wheeling area, and Robinson Township, Pa.

The store chain is closing stores in Auburn, Bessemer, Gadsden and Jasper as it shuts down 138 locations nationwide.

Four stores are closing in Wisconsin.

Similar Penney closings took place in 2014, when 33 locations, affecting 2,000 employees, were shuttered.

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