March 20, 2017 5:05 a.m.
In the KQEN Business Spotlight:
The Roseburg J.C. Penney’s store is not on the list of Oregon stores that the retail giant plans to close this year. Late last week the company released information saying that five of the fourteen stores in Oregon would be shuttered. The company cited the “growing threat of online retailers” among the reasons for the move.
Oregon stores that will close include locations in Astoria, Grants Pass, LaGrande, Pendleton and The Dalles. Liquidation sales will begin in mid –April with stores closing by sometime in June. Nine stores in the state will remain in operation.
Nationally around 5,000 workers will be displaced as 138 stores close. That leaves the chain with around 900 locations open. The move follows similar announcements of store closures from Macys and Sears.