JCPenney, the national retail chain plagued by sagging sales, has announced it will close more than 130 stores.
The Brunswick site located in Glynn Place Mall, however, will be spared. It was news Zach Albright, general manager of the mall, was happy to receive.
“It speaks well not only for our efforts here at the center, but also for the market when you consider the nearby Georgia locations that they did choose to close,” Albright said.
“JCPenney showed their first profit in years, and (Marvin) Ellison, their CEO, seems to grasp how brick and mortar goes hand-in-hand with online sales. They ship online orders from the nearest store location, not a distribution center like most others.”
Other stores in the state were not as lucky. In Georgia, five locations will close their doors. Those include Dublin, Macon, Milledgeville, Thomasville and Tifton. All of the sites are located in malls. Nearby, stores in Jacksonville, Fla., are also closing.
“Ellison has also been very vocal about how they are closing 15 percent of their fleet in order to add improvements to the remainder. We’re excited to see what their next moves are,” Albright said.
Stores targeted for closing account for only five percent of the company’s sales. The liquidations are expected to take place between April and June.
In total, 138 stores will shut their doors over the next couple of months, leaving roughly 5,000 employees without jobs.
The company has said in a statement that it would offer separation benefits to those impacted and will offer assistance finding other work.
“We believe closing stores will ... allow us to adjust our business to effectively compete against the growing threat of online retailers,” Ellison, JCPenney’s chief executive officer, said in a statement.
The Associated Press contributed to this article.