J.C. Penney has yet to announce which of its local stores will close in its nationwide contraction of its brick-and-mortar presence, but analysts said at least two suburban Philadelphia locations – the Montgomeryville Mall and Oxford Valley Mall stores – are likely to shut down.
Morning Star Credit Ratings released a list of 39 stores from around the country that it says have under-performing sales compared with the average of other J.C. Penney locations, according to a Business Insider report on Yahoo.
Each of the the more than three dozen stores, Morningstar says, "have weaker sales per square foot than JCPenney's average."
Aside from the Montgomeryville Mall location in North Wales and the Oxford Valley Mall store in Middletown Township, the report suggests four other J.C. Penney stores in Pennsylvania and one in New Jersey will close.
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