Story perspectives

JCPenney Closes Store Amid Retail Contraction, Online Shift

12/9/2025

Summary

Story summary

JCPenney will close its Stoneridge Shopping Center store in Pleasanton, California, on February 22, 2026, due to inability to sustain current lease terms.
The closure reflects a broader contraction, with JCPenney reducing locations from over 1,900 to fewer than 650 since May 2020.
The shift to online shopping has pressured traditional retailers like Macy’s, which is also closing underperforming stores, while relocation plans for staff remain unclear.

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Story summary

JCPenney will close its Stoneridge Shopping Center store in Pleasanton, California, on February 22, 2026, due to inability to sustain current lease terms.
The closure reflects a broader contraction, with JCPenney reducing locations from over 1,900 to fewer than 650 since May 2020.
The shift to online shopping has pressured traditional retailers like Macy’s, which is also closing underperforming stores, while relocation plans for staff remain unclear.