JCPenney to close all stores on Thanksgiving for first time in years

JCPenney will close all 650 stores on Thanksgiving, November 28, to allow employees and customers to observe the holiday. This marks a shift as many retailers, including JCPenney, had previously remained open on Thanksgiving. The retailer plans to offer significant discounts leading up to Black Friday, with promotions starting November 22. Customers can expect deals like 75% off fine jewelry and up to 60% off fashion items. JCPenney is recovering from past financial struggles, having filed for bankruptcy in 2020 and closing over 175 stores. The company now operates 650 locations, down from over 2,000 in the 1970s.