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The J.C. Penney location in Sioux Falls is set to re-open Wednesday even as the department store chain enters bankruptcy proceedings with plans to eventually close 242 stores in the face of mounting debt problems.
The store has long been one of the anchor tenants of the Empire Mall and will open for business with new safety measures in line with guidance from federal health officials, according to a Tuesday announcement from company leadership.
“We are thrilled to welcome our associates and customers back to J.C. Penney in Sioux Falls, and our top priority remains on the health and safety of our associates, customers, and communities,” Executive Vice President of Stores Jim DePaul said in an emailed statement. “We want to ensure everyone is safe and feels comfortable as we continue to provide an engaging shopping experience.”
The Plano, Texas-based department store chain filed for Chapter 11 bankruptcy Friday and will close more than a quarter of its stores across the United States. Before filing, leaders with J.C. Penney was in talks with its creditors in an effort to address $4.2 billion in debt it has accrued, according to reporting by USA TODAY Network.
The closures will take place between now and the next fiscal year. Meanwhile, J.C. Penney has been active this week in re-opening stores that closed due to the COVID-19 pandemic.
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