J.C. Penney Slashes Prices at 136 Closing Stores

With lockdowns ending in many places across the country, millions of shopaholics are ready to unleash their pent-up need to spend. And there may be no better place to do it than J.C. Penney.

The storied retailer recently filed for bankruptcy protection and announced it will close 136 stores. Now, those stores are liquidating merchandise at bargains of between 25% and 40%, according to a statement from Gordon Brothers, one of the firms working with J.C. Penney as the retailer works through its recent difficulties.

According to the statement:

“All merchandise is on sale, including deeper discounts of 40% on all fine jewelry and window treatments. New seasonal essentials, such as swimwear and sunglasses, are also discounted at 25-30% off.”

Go to the J.C. Penney blog to find a list of stores that are closing and have started liquidation sales.

Note that starting on June 25, all sales will be final at select closing locations.

J.C. Penney also reminds you that store hours have been temporarily reduced to from noon to 7 p.m. Monday through Saturday, and 11 a.m. to 6 p.m. on Sunday.

In addition, J.C. Penney is hosting shopping hours for at-risk customers from 11 a.m. to noon on Wednesdays and Fridays at all stores. Eligible customers include senior citizens, expectant mothers and those with underlying health concerns.

How to boost your J.C. Penney savings

Savvy shoppers can boost their J.C. Penney savings even higher by purchasing a discounted gift card.

For example, when we looked at discount gift card site Raise, you could get a J.C. Penney-branded gift card for up to 9.8% off the face value. Using such a gift card to buy an item that already is 40% off means you’re saving even more than 40%.

For more on how much money discounted gift cards can save you, check out “How Unwanted Gift Cards Save Me Hundreds of Dollars a Year.”