- JCPenney is selling 119 stores for $947 million to Onyx Partners.
- The sale includes two Kentucky stores and five in Ohio, including Columbus, Dublin and Colerain Township near Cincinnati.
- All 119 stores are currently open, but their future after the sale closes on September 8 is uncertain as Onyx has not yet confirmed its plans.
After closing a handful of underperforming stores in May and announcing plans to shutter a supply-chain warehouse that will result in 300 layoffs, JCPenney is selling more than 100 stores in a nearly $1 billion deal.
Onyx Partners, Ltd., a Boston private equity firm, is buying 119 JCPenney locations in an all-cash deal worth $947 million, USA TODAY reports. The company has about 650 stores across the country.
Are any stores in Ohio affected by this deal? Here’s what we know.
JCPenney stores sale: Will they remain open?
All 119 stores are currently open for business, USA TODAY reports. It’s not known if they will close once the sale closes on Sept. 8. Onyx Partners did not reply to USA TODAY’s request for comment.
The purchase was announced by Copper Property CTL Pass Through Trust, formed by JCPenney’s lenders as part of the retailer’s reorganization after its 2020 bankruptcy filing. The trust took control of about 160 JCPenney locations and six distribution centers following the bankruptcy.
Which JCPenney stores in Ohio and Kentucky are involved in the sale?
Five Ohio stores and two in Kentucky are part of the sale. They are:
Ohio
- Colerain Township: 3675 Stone Creek Blvd.
- Columbus: 1450 Polaris Pkwy.
- Dublin: 5083 Tuttle Crossing Blvd.
- Maumee: 3100 Main St.
- Strongsville: 17177 Royalton Road
Kentucky
- Ashland: 500 Winchester Ave.
- Florence: 6000 Florence Mall
Full list, map of JCPenney stores being sold
JCPenney sold stores in 35 states, including 21 in Texas and 19 in California. Here’s the complete list and a map.
How many JCPenney stores are in Ohio?
JCPenney has 25 stores in Ohio, according to its website. They are:
- Akron: 3742 Brookwall Drive
- Avon: 1301 Center Road
- Canton: 4300 Tuscarawas St. W.
- Centerville: 2700 Miamisburg-Centerville Road
- Chillicothe: 1075 N. Bridge St.
- Cincinnati: 4621 Eastgate Blvd.
- Columbus: 1450 Polaris Pkwy.
- Dayton: 2727 Fairfield Commons Blvd.
- Dublin: 5083 Tuttle Crossing Blvd.
- Hamilton: 3459 Princeton Road
- Heath: 771 S. 30th St.
- Lancaster: 1600 River Valley Circle N.
- Lima: 2400 Elida Road
- Mansfield: 658 Richland Mall
- Maumee: 3100 Main St.
- Mentor: 7850 Mentor Ave.
- Niles: 5555 Youngstown-Warren Road
- North Olmstead: 5100 Great Northern Mall
- Northgate: 3675 Stone Creek Blvd.
- Sandusky: 4316 Milan Road
- Steubenville: 100 Mall Drive
- Strongsville: 17177 Royalton Road
- Toledo: 5001 Monroe St.
- Youngstown: 7401 Market St.
- Zanesville: 3575 Maple Ave.
JCPenney closes stores in 8 states
JCPenney closed seven stores in seven states in May, per USA TODAY, while another store in an eighth state has been spared until August.
JCPenney filed for bankruptcy in 2020
In May 2020, JCPenney filed for Chapter 11 bankruptcy protection, per Axios, and closed around 200 locations. The company emerged from bankruptcy after it was acquired by Simon Property Group and Brookfield Asset Management Inc.
JCPenney joins Joann Fabrics, Big Lots, Kohl’s in closing stores
JCPenney joins several other national retailers in filing for bankruptcy and closing stores in 2025. They include:
- Big Lots has closed some 600 stores nationwide, but about 200 will continue under new ownership.
- Joann Fabrics has closed all 850 stores nationwide.
- Macy’s plans to close 150 stores by 2026, and recently named 66 of those locations.
- Kohl’s is closing 27 underperforming stores.
