A few weeks ago we told you about the JCPenney Chapter 11 bankruptcy filing that proposed the closing of about 30% of their stores. We’ve learned more about when you can expect to see sales at the 242 stores that are closing for good. And make no mistake – there will be major sales coming soon for this previous mall staple store.
Due to mandated coronavirus closures, only about one-third of JCPenney stores have re-opened. By June 3 they’ll have almost all of their stores re-opened to the public.
You’ll only find liquidation sales at the locations that have yet to be identified. The company’s lawyers expect those locations to be divulged on June 4 in a court filing.
A hearing about the proposed store closings will take place on June 11 through the bankruptcy court. Until the official announcement and hearing, you won’t see liquidation sales until the court proceeding in mid-June.
Provided the bankruptcy court signs off on the liquidation sales and proposed closures, JCPenney attorney, Joshua Sussberg said that sales will start immediately. It will take time for the court to go through motions, and for liquidation to happen.
That doesn’t mean you can’t find some amazing deals now. JCPenney just launched a limited-time sale that ends 5/31 that features online doorbusters up to 60% off.
Like many retailers, re-opening means clearing out the goods they’ve been unable to sell due to the coronavirus. The current JCPenney sale has 600 of the hottest-summer essentials on sale while supplies last.
Most of the items are apparel including women’s and men’s summer fashions along with sandals and accessories. They only have a few items for kids included in the sale, so it’s not quite the right time to shop for girls and boys.
Of the 600 doorbusters, 422 are just for women and there are 70 amazing deals for men. They also have a decent selection of Liz Claiborne valances and curtains from the Quinn collection. Doorbuster prices will save you as much as $130 dropping $200 curtains to less than $70.
They also have a few kitchen items that will save you big. The best deal you’ll find is the Cooks 10-piece Cookwear set which is marked down to only $62.99 when you use code HOORAY9 that normally sells for $200.
Speaking of hooray – when you use that code (HOORAY9), you’ll get an extra 30% off all purchases over $75 and 25% off purchases under $75. You can use the code on the doorbusters to save even more or use it for anything else they sell.