Casper JCPenney store not among closures - Casper, WY Oil City News
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Casper JCPenney store not among closures

JCPenney has been an anchor store in the Eastridge Mall since its earliest days. (Dan Cepeda, Oil City)

Legacy retailer JCPenney announced on Thursday that it will close 27 stores this year.

According to Business Insider, the stores include “18 full-line department stores and nine home furniture stores.”

A full list of the closures has not been released, but Casper’s store will not be among them.

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Responding to a message from Oil City News on Thursday, corporate communications and public relations spokesperson Carter English wrote, “The JCPenney at Eastridge Mall in Casper isn’t a part of the 18 stores closing.”

In January a Casper store manager told Oil City News that the store had performed well during the holiday season.

Nationally however, the company reported a 4 percent decline in same-store sales over the holiday season, according to Business Insider.

According to USA Today, the retailer had 864 department stores as of Nov. 3, 2018. A timeline for the closures has not been released.

According to the company’s website, JCPenney was founded in Kemmerer, Wyoming by James Cash Penney.

According to WyoHistory.org, Penney’s first store, named Golden Rule, quickly prospered in Kemmerer during a coal boom. The store quickly expanded around Wyoming and into Utah and Idaho. In 1913, after buying out his business partners, he renamed it The JC Penney Company.

The company, now headquartered in Plano, Texas, is struggling along with other legacy retailers to adapt in an environment where discount and online retailers are aggressively eating into traditional department store profits.

Casper’s JCPenny store in the Eastridge Mall has outlasted two traditional anchor stores. Sears closed at the end of last year, and Macy’s will close later this month.