Grants Pass, Ore. – Over a third of J.C. Penney stores are on the chopping block, including the Grants Pass location.
The Statesman Journal reports nearly 140 stores are slated to close nationwide—five of which are in Oregon.
The J.C. Penney in the Grants Pass Shopping Center is included in a list of 138 stores that will close.
“It became apparent to us that our footprint was too large,” Penney CEO Marvin Ellison said, and the closures will “allow us to raise the overall brand standard of J.C. Penney” and invest in remaining stores.”
The nationwide closures will displace an estimated 5,000 workers.
Penney will continue to operate nearly 900 stores.