These are the 138 JC Penney stores that are about to close

Your local JC Penney may be on the chopping block
Your local JC Penney may be on the chopping block

J.C. Penney has released the list of 138 stores it plans to close in an effort to cut costs and grow sales at its strongest locations.

The release comes a few weeks after Penney's said it would close up to 140 stores this year, after similar decisions from Macy's and Sears. Between the companies' four biggest chains, which include Sears' Kmart brand, more than 300 big-box stores will go dark this year alone.

The closures highlight the pressures on traditional department stores, which are losing market share to off-price competitors and Amazon. They also underscore the deteriorating economics at lower-quality shopping centers, whose risk of failure rises when an anchor tenant exits.

"We believe closing stores will allow us to adjust our business to effectively compete against the growing threat of online retailers," J.C. Penney CEO Marvin Ellison said in a statement in February.

The company said at that time that most of its closures would occur in the second quarter. Liquidations will start April 17, it said Friday.

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Penney's expects to save roughly $200 million a year by exiting these locations, which contributed less than 5 percent of its annual sales. It plans to invest in its best stores and digital operations while whittling down $4.3 billion in long-term debt.

Roughly 5,000 jobs will be affected by the closures, Penney's said Friday. At the time of its initial announcement, the company said it would provide some 6,000 employees with a "voluntary early retirement program," depending on their age and tenure. Eligible employees have until March 31 to decide whether they will accept the package, a spokeswoman said.

In addition to that offer, Penney's said Friday that it is trying to relocate certain leaders and will provide outplacement support services for eligible workers.

The moves will result in a pretax charge of roughly $225 million in the first half of fiscal 2017.

In addition to its store closures, Penney's is shutting down one supply chain facility in Lakeland, Florida, and relocating another in Buena Park, California.

Wall Street is already speculating that more closures could be ahead. At a recent meeting with analysts in New York City, Penney's said it is testing the rollout of Sephora beauty shops and home appliances in its smaller stores. Those categories have been fueling sales growth at the company's bigger locations.

Cowen and Co. analyst Oliver Chen warned if the tests are not successful, Penney's may need to close additional stores in the future.

More closures are already expected at Macy's. The chain has so far announced just 68 of the 100 locations it plans to exit, and said last month that the remainder of those stores will go dark "over the next few years."

List of JC Penney upcoming store closures

Mall/Shopping Center City State
Auburn Mall Auburn AL
Tannehill Promenade Bessemer AL
Gadsden Mall Gadsden AL
Jasper Mall Jasper AL
Military Plaza Benton AR
Chickasaw Plaza Blytheville AR
Riverview Mall Bullhead City AZ
Downtown Bishop Bishop CA
Sunwest Plaza Lodi CA
The Village at Orange Orange CA
Hilltop Mall Richmond CA
Fort Morgan Main St. Fort Morgan CO
Glenwood Springs Mall Glenwood Springs CO
St. Vrain Centre Longmont CO
Broadway Plaza Sterling CO
Connecticut Post Mall Milford CT
Jacksonville Regional Shopping Center Jacksonville FL
Palatka Mall Palatka FL
Dublin Mall Dublin GA
Macon Mall Macon GA
Milledgeville Mall Milledgeville GA
Gateway Plaza Thomasville GA
Tifton Mall Tifton GA
Downtown Decorah Decorah IA
Crossroads Mall Fort Dodge IA
Penn Central Mall Oskaloosa IA
Quincy Place Ottumwa IA
Snake River Plaza Burley ID
Eastland Mall Bloomington IL
Fulton Square Canton IL
Village Square MallEffingham IL
FreestandingMacomb IL
Peru MallPeru IL
Northland MallSterling IL
Centerpointe of WoodridgeWoodridge IL
FairOaks MallColumbus IN
Connersville PlazaConnersville IN
Huntington PlazaHuntington IN
Jasper Manor CenterJasper IN
Logansport MallLogansport IN
Chanute SquareChanute KS
Downtown Great BendGreat Bend KS
Hutchinson MallHutchinson KS
FreestandingLawrence KS
Winfield PlazaWinfield KS
Cortana MallBaton Rouge LA
Park TerraceDeRidder LA
North Shore SquareSlidell LA
Berkshire MallLanesborough MA
Easton MarketplaceEaston MD
Rockland PlazaRockland ME
Lakeview Square MallBattle Creek MI
Delta PlazaEscanaba MI
Westshore MallHolland MI
Copper Country MallHoughton MI
Birchwood MallKingsford MI
Midland MallMidland MI
Cascade CrossingsSault Ste. Marie MI
Central Lakes CrossingBaxter MN
Five Lakes CentreFairmont MN
Faribo West MallFaribault MN
Irongate PlazaHibbing MN
Hutchinson MallHutchinson MN
Red Wing MallRed Wing MN
Downtown Thief River FallsThief River Falls MN
FreestandingWinona MN
Maryville CenterMaryville MO
Leigh MallColumbus MS
Southgate PlazaCorinth MS
Greenville MallGreenville MS
Bonita Lakes MallMeridian MS
Oxford MallOxford MS
Capital Hill MallHelena MT
Sidney Main StreetSidney MT
Albemarle CrossingAlbemarle NC
Boone MallBoone NC
Eastridge MallGastonia NC
Blue Ridge MallHendersonville NC
Monroe CrossingMonroe NC
Becker Village MallRoanoke Rapids NC
Prairie Hills MallDickinson ND
Buffalo MallJamestown ND
Downtown WahpetonWahpeton ND
Fremont MallFremont NE
Downtown McCookMcCook NE
Platte River MallNorth Platte NE
Rio Grande PlazaRio Grande NJ
The BoulevardLas Vegas NV
Dunkirk-Fredonia PlazaDunkirk NY
Westfield SunriseMassapequa NY
Palisades CenterWest Nyack NY
Findlay Village MallFindlay OH
New Towne MallNew Philadelphia OH
Richmond Town SquareRichmond Heights OH
St. Mary's SquareSt. Marys OH
Altus PlazaAltus OK
Ne-Mar Shopping CenterClaremore OK
Ponca PlazaPonca City OK
Pioneer Square Shopping CenterStillwater OK
Astoria DowntownAstoria OR
Grants Pass Shopping CenterGrants Pass OR
La Grande DowntownLa Grande OR
Downtown PendletonPendleton OR
The Dalles Main StreetThe Dalles OR
Columbia MallBloomsburg PA
Clearfield MallClearfield PA
King of Prussia MallKing of Prussia PA
Philadelphia MillsPhiladelphia PA
Bradford Towne CentreTowanda PA
Lycoming MallPennsdale PA
Willow Grove ParkWillow Grove PA
Citadel MallCharleston SC
Town 'N CountryEasley SC
Palace MallMitchell SD
Northridge PlazaPierre SD
Watertown MallWatertown SD
Yankton MallYankton SD
Greeneville CommonsGreeneville TN
Knoxville CenterKnoxville TN
County Market PlaceUnion City TN
Athens Village Shopping CenterAthens TX
Borger Shopping PlazaBorger TX
Heartland MallEarly TX
El Paso DowntownEl Paso TX
Marshall MallMarshall TX
McAllen DowntownMcAllen TX
University MallNacogdoches TX
King Plaza Shopping CenterSeguin TX
Bosque River CenterStephenville TX
New River Valley MallChristiansburg VA
Tanglewood MallRoanoke VA
Pilchuck LandingSnohomish WA
Pine Tree MallMarinette WI
Marshfield MallMarshfield WI
Richland Square Shopping Center Richland Center WI
Rapids Mall Wisconsin Rapids WI
Foxcroft Towne Center Martinsburg WV
Downtown SheridanSheridanWY

Source: Source: JC Penney