J.C. Penney to close Rockland store
Rockland — J. C. Penney will be closing its Rockland store, the company announced Friday, March 17.
The Rockland store is the only one in Maine on the closure list. Nationwide, 138 stores and a supply chain facility in California will be closed "as part of a continuing effort to advance sustainable growth and long term profitability."
About 5,000 positions will be cut from the nationwide store closures which will be completed by June, according to the company in a news release issued Friday.
Most stores will begin the liquidation process April 17, according to the release.
The Rockland store employs about 25 people and has been located at the Rockland Plaza Shopping Center on Maverick Street for 40 years.
J.C. Penney will provide outplacement support services to those eligible associates, according to the company.
Marvin R. Ellison, chairman and chief executive officer of J.C. Penney, said in a news release last month that “We believe closing stores will also allow us to adjust our business to effectively compete against the growing threat of online retailers.