J.C. Penney is closing its Cortana Mall location, shutting down another anchor store in the shopping center at Airline Highway and Florida Boulevard.
The Cortana store is one of 138 locations that J.C. Penney will shut down beginning April 17. The store is expected to close by mid-June.
Two other Louisiana stores are targeted for closure: the Slidell location in North Shore Square and one in DeRidder. That leaves Penney's with 13 stores in Louisiana, including its Mall of Louisiana store in Baton Rouge; Acadiana Mall and the Stirling Lafayette Shopping Center in Lafayette; and one each in Covington; Metairie; Gretna; Houma; Hammond; Lake Charles; Monroe; Alexandria; Shreveport; and Bossier City.
NEW YORK — J.C. Penney said Friday that it will be closing up to 140 stores and two distribu…
J.C. Penney announced last month it would shut down stores in an attempt to improve profitability in the era of online shopping. The closures will affect about 5,000 employees. The closings will leave J.C. Penney with a total of about 900 stores.
This is the third anchor store to close in Cortana since January 2016, joining Macy’s and Sears. J.C. Penney has been in Cortana since the mall opened in 1976.
Now that Cortana Mall is losing an anchor tenant for the second time in two years, a local c…
The impending closure means that the mall will have four vacant anchor spaces. Along with J.C. Penney, Sears and Macy's, the former Mervyn's space has been empty since February 2006.
Cortana's remaining anchor tenants are Dillard's, which has reduced its presence to a clearance store that only takes up the first level, and Virginia College.
The closure of the anchor stores has taken its toll on Cortana, since the major national and regional retailers lure shoppers to the smaller stores inside the shopping center. Vacant storefronts are a common sight in the mall, and some national chains, such as Lenscrafters and Gordon's Jewelers, have recently closed their Cortana stores.
Penney's said nine stores will close in Texas, the most of any state. Eight will close in Minnesota and seven will be shut in both Michigan and Pennsylvania.
Moonbeam Capital Inc., the Las Vegas-based company that bought Cortana and the Mervyn's store in 2013 for $6.15 million, did not respond to requests for comment.