You have reached your limit of free articles this month.

Enjoy unlimited access to myAJC.com

Starting at just 99¢ for 8 weeks.

GREAT REASONS TO SUBSCRIBE TODAY!

  • IN-DEPTH REPORTING
  • INTERACTIVE STORYTELLING
  • NEW TOPICS & COVERAGE
  • ePAPER
X

You have read of premium articles.

Get unlimited access to all of our breaking news, in-depth coverage and bonus content- exclusively for subscribers. Starting at just 99¢ for 8 weeks

X

Welcome to myAJC.com

This subscriber-only site gives you exclusive access to breaking news, in-depth coverage, exclusive interactives and bonus content.

You can read free articles of your choice a month that are only available on myAJC.com.

39 JCPenney stores at high risk of closing, including one in Georgia


It's become a familiar routine that we've now seen play out all too often: A once-stellar mall retailer falls on its sword and announces a flurry of store closures.

We watched it happen to Sears and Macy's, to name just two, and now its happening to JCPenney.

The latter says it will shutter 140 of its stores and two distribution centers in the coming months. 

JCPenney hasn't yet revealed which stores it's going to close, though an official announcement is expected within days.

But Morningstar Credit Ratings thinks it already knows...

On the radio show, Clark explained that the retailers on this list are closing stores because they’re not giving people what they want in terms of things like price, fashion and selection.

As a result, shoppers are increasingly turning to online and discount merchants for better deals. 

If a traditional department store wants to survive in this challenging retail environment, Clark said they’ll have to be less traditional when it comes to pricing.

For the full list of major retailers closing stores in 2017, go to Clark.com.

VIDEO: Clark Howard: Use those gift cards ASAP

Source: Why you don't want to buy these gift cards by Clark on Rumble

RELATED STORIES

Which Macy's stores are closing?

That one Super Target in Roswell? It’s closed

Family Christian closing all stores nationwide

19 retailers on bankruptcy watch for 2017


Reader Comments ...


Next Up in Homepage