The announcement that JC Penney is closing its Pendleton store shocked many people; it did not surprise Pendleton Economic Director Steve Chrisman, although it did sadden him.
Overall, J.C. Penney will shutter 138 stores across the country - nearly a quarter of the total in just in four states. IN stores set to close are in Fair Oaks Mall in Columbus, Connersville Plaza, Huntington Plaza, Jasper Manor Center and Logansport Mall.
The company said about 75 employees work at the Jacksonville store at 3000 Dunn Ave. and about 40 are at the Palatka location.
Penney noted that most stores affected by the closing plans will begin the process in mid-April, and that most will shut down in June.
The move will, however, affect more than 5,000 jobs, according to CNBC.
No WARN notices were filed for the store closures as of Friday afternoon.
J.C. Penney is one of several big box retailers closing underperforming stores this year.
J.C. Penney said the closures are part of its continuing effort to advance sustainable growth and long-term profitability..
Meanwhile, another "store closing" sign also went up in Pendleton last week - Radio Shack in Melanie Square.