The JCPenney in the Steeplegate Mall is not one of 138 locations that will be closed around the country as the retailer tries to cut costs.
In fact, none of the nine JCPenneys in New Hampshire are on the company’s list of stores set to shut. The chain has stores in Keene, Manchester, Nashua, Newington, North Conway, Rochester, Salem and West Lebanon.
The company, like many other large established department stores, has suffered in recent years as sales have been taken by online outlets and customers’ tastes have changed. Macy’s and Sears have also shut a number of stores in recent years.
One store in Massachusetts and one in Maine will close this year. Most stores will begin liquidation sales April 17 and close in June.
The retailer said Friday that the closures would affect 5,000 employees, only some of whom will be able to transfer to other stores. JCPenney will continue to operate nearly 900 stores nationwide.