Bankrupt J.C. Penney just kicked off liquidation sales at 136 locations across the country. This Wednesday morning JC Penny announced that the company is closing more stores. The company was able to reopen many locations because local lockdown restrictions were light.
Deals on merchandise will range between 25% and 40% off, it said, adding that “all merchandise is on sale.”
According to Penney all sales will be finalized in the beginning June 25. It means no returns are allowed.
“Due to the name recognition and goodwill of this brand, we encourage consumers to shop early to take advantage of the best selection of products as we expect merchandise to sell very quickly,” a company spokesperson said in a statement.
Also A group of advisors including Gordon Brothers, Hilco Merchant Resources, Great American Group and Tiger Group are currently working on the closing sales, Penney added.