JCPenney will sell 119 stores, including one in Wisconsin, five years after declaring bankruptcy and subsequently shuttering hundreds of locations across the U.S.
Stores were sold to an affiliate of Onyx Partners, Ltd. in a $947 million all-cash deal, USA TODAY reported. The deal, announced on July 25, is expected to close Sept. 8.
More: 119 JCPenney stores sold in nearly $1 billion deal. See list of locations.
The retailer previously announced it would be closing seven stores across the U.S. this spring. No Wisconsin locations were affected by closures, though the store at the former Northridge Mall was demolished in late January.
So, were any Wisconsin locations in JCPenney’s sale?
Here’s what to know:
Were any Wisconsin JCPenney stores sold?
Yes, one Wisconsin JCPenney store was named in the deal, according to USA TODAY. The affected location is in Appleton’s Fox River Mall, at 4301 W. Wisconsin Ave.
Will sold JCPenney stores remain open?
All 119 stores included in the sale are still in operation, USA TODAY reported. Onyx Partners did not respond to a request for comment from the publication.
How many JCPenney stores are in Wisconsin?
There are 10 JCPenney locations in Wisconsin, according to its store locator:
- Appleton: 4301 W. Wisconsin Ave.
- Ashwaubenon: 800 Willard Drive
- Brookfield: 95 N. Moorland Road
- Eau Claire: 4770 Golf Road
- Greendale: 5350 S. 76th St.
- La Crosse: 3700 State Road 16
- Madison: 135 E. Towne Mall and 23 West Towne Mall
- Menomonee Falls: N96w18515 County Line
- Pleasant Prairie: 10225 77th St.
Mike Snider and Sara Chernikoff of USA TODAY contributed to this report.
