Torrington JC Penney announces store closing date

The JC Penney in Torrington is expected to close on Sunday, Sept. 27, 2020 the store announced Wednesday. The store in Torrington Commons is now undergoing a liquation sale. JC Penney filed in mid-May for bankruptcy protection from creditors, reflecting the intensified losses it was absorbing as a result of mall closures in response to the coronavirus pandemic. The Torrington store is one of 154 stores in the nation that are closing.

TORRINGTON — The JC Penney store is expected to close later this month, the company announced Wednesday.

The store in Torrington Commons is now undergoing a liquidation sale and plans to close around Sept. 27.

JC Penney filed in mid-May for bankruptcy protection from creditors, reflecting the intensified losses it was absorbing as a result of mall closures in response to the coronavirus pandemic.

The Torrington store is one of 154 nationwide that are closing.

The Torrington store announced in a message on its phone Wednesday that it was closing to the public on the “estimated” date of Sept. 27. “Thank you for continuing make JC Penney worth your time,” the message said.

J.C. Penney closed its Connecticut Post Mall store three years ago at a cost of nearly 90 jobs. Job losses associated with the Torrington store have yet been reported to the state Department of Labor.

JC Penney has remaining Connecticut locations at the Danbury Fair and Westfield Trumbull malls, as well as Brass Mill Center in Waterbury, Westfarms in Farmington, the Shoppes at Buckland Hills in Manchester and the Crystal Mall in Waterford.

In Torrington, J.C. Penney is one of two anchor tenants at the High Street shopping plaza along with a Super Stop & Shop grocery store. The property is among the top-10 contributors to Torrington’s annual property taxes, at nearly $9.6 million in 2018.

The Associated Press reported this week that J.C. Penney doesn't have a deal with outsiders negotiating to buy the company, but its lender group is preparing a bid that allows the 118-year-old department store to move ahead on its own.

The Texas-based retailer's lenders are preparing their own initial bid for the company so a court-supervised auction can move forward. The goal is to have a transaction completed in 30 days, according to an update from lawyers at a bankruptcy court hearing on Monday.

While J.C. Penney has shored up its cash position, reporting Monday that it has $1.48 billion on hand, its performance in July suffered with more coronavirus outbreaks. In July, J.C. Penney posted a loss of $342 million on sales of $564 million.

Connecticut Media Group