JCPenney to close Waterville store; Renys to move in next year (2024)

  • Morning Sentinel

JCPenney plans to close its store at 60 Elm Plaza in Waterville on Sept. 22, and R.H. Reny Inc. owner John Reny confirmed Monday his company's 19th store will open there next year.

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JCPenney to close Waterville store; Renys to move in next year (1)
Amy CalderMorning Sentinel

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JCPenney to close Waterville store; Renys to move in next year (3)

The JCPenney store at 60 Elm Plaza in Waterville is scheduled to close permanently Sept. 22. Above, the store and some of its customers are shown Monday. Rich Abrahamson/Morning Sentinel

WATERVILLE — JCPenney plans to close its store at Elm Plaza this fall after 40 years, but the news is not all bad: A Renys store is scheduled to open there next spring.

R.H. Reny Inc. owner John Reny confirmed Monday his company plans to open a store at 60 Elm Plaza, probably in April 2025. He said people have often told him over the years they hope a Renys will open in Waterville because there is nothing like it in the area.

JCPenney to close Waterville store; Renys to move in next year (4)

“We’re just happy to be coming to another great town, Waterville, and we’re happy the people want us to be there,” Reny said Monday. “That’s a nice thing to know.”

Renys, which has been in business for 76 years and bills itself as “A Maine Adventure,” is a department store that carries a variety of merchandise, including Maine-themed gifts, clothing, footwear, housewares, food, cleaning products and summer furniture.

The company now has 18 locations in the state. The Waterville store will be its 19th, with the most recent store having opened in Bangor.

“We’ve got some happy people in Bangor,” Reny said. “It’s going very, very well — better than we thought.”

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The Waterville store is expected to be about 30,000 square feet and employ between 25 and 40 people, mostly full time, according to Reny.

“That’s what we usually hire for a new store,” he said.

Meanwhile, JCPenney hung large banners late last week on the front of its Elm Plaza store that read “CLOSING.” Over the weekend, the store was advertising items at 20% to 50% off regular prices.

JCPenney to close Waterville store; Renys to move in next year (5)

A shopper approaches the JCPenney store Monday at 60 Elm Plaza in Waterville. The store is scheduled to close permanently Sept. 22. Rich Abrahamson/Morning Sentinel

A store employee confirmed Monday that JCPenney has been at Elm Plaza since 1984 and is scheduled to close Sept. 22. She referred further questions to the corporate office.

A media relations representative from JCPenney responded Monday evening with the following, sent by email: “Our JCPenney store at the Elm Plaza in Waterville, ME, will be closing its doors by September 22, 2024. Regretfully, we were unable to renew our current lease with the landlord for this store location and have been unable to find another suitable location in the market.

“We are grateful to our dedicated associates and the loyal customers who have shopped at our Waterville location throughout the years. We continue to work to make every dollar count for America’s diverse, working families and welcome them to shop at our other JCPenney stores in the area and at JCPenney.com.”

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The company’s website says JCPenney opened more than 120 years ago, has more than 650 stores in the United States and Puerto Rico, employs more than 50,000 people worldwide and is one of the largest retailers of apparel, home, jewelry and beauty merchandise.

The company was founded in Kemmerer, Wyoming, in 1902 by Cash Penney. Its first venture was the Golden Rule Store, which also was the standard by which the company has operated under over many years — treating others as they would like to be treated, according to the website.

Jessica Picard, communications director for the Maine Department of Labor, said Monday the department’s Rapid Response Team reached out to JCPenney and offered to provide services for affected workers. The team provides important information for laid-off workers about training, unemployment and health insurance options, Maine JobLink resources, immediate employment needs and CareerCenter services, according to Picard.

“In general, any workers statewide who are impacted by a layoff should reach out to their local CareerCenter, which can help connect them to reemployment services, training and other information,” Picard wrote in an email.

The CareerCenter can be reached via email at MaineDOL.CareerCenter@maine.gov, by telephone at 207-623-7981 or through the LiveChat feature at MaineCareerCenter.gov, she said.

Those who shop the local JCPenney expressed sadness Monday that the store is to close after many years in Waterville.

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Paula Raymond, 71, of Waterville recalled going to JCPenney with her family when she was a child for the annual trip to buy her father’s work clothes, which came in two colors: green and blue.

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“Each year, we would swap the colors to give dad something to look forward to,” Raymond said. “Then, as a grown-up, I shopped for our kiddos because they catered to the kids and teenagers. Always good prices, great sales, incentive shopping and quality associates. Glad to welcome Renys. Sad to read that JC is leaving.”

Chris Weeks, 39, of Fairfield said news of JCPenney’s planned closure is bittersweet for him because when he was 8 or 9, he and his grandmother shopped at the store just about every week.

“She would always buy herself Alfred Dunner designer clothing,” Weeks said Monday. “She would always tell me he was her favorite designer. We would always browse the jewelry section. They all knew her by her first name because she was such a frequent shopper there.”

Weeks said he has many good memories of being at JCPenney, which he called the last department store in the area, and that he noted has “the same smell as it did 30 years ago.”

“I’m excited for Renys, but saddened that one store has to close so another can open,” he said. “I remember one of the cashiers would call me ‘the professor’ because I was always dressed so nice and she thought I looked like a little professor. And I got voted best dressed in school, so I thank my grandmother for helping with that.”

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JCPenney to close Waterville store; Renys to move in next year (6)

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JCPenney to close Waterville store; Renys to move in next year (2024)

FAQs

JCPenney to close Waterville store; Renys to move in next year? ›

JCPenney will close its Waterville location on Sept. 22, marking an end to its 40-year run in the city, according to the Sentinel. The new Renys location will occupy 30,000 square feet and employ 25 to 40 people. It could open as soon as April 2025, the newspaper reported.

Is JCPenney closing in Waterville? ›

The Morning Sentinel reports JCPenney plans to close its Waterville store at 60 Elm Plaza on September 22. Renys owner says he plans to open the new location there in April 2025. Renys has been in business for almost 75 years with the first store still open in Damariscotta.

How is JCPenney still around? ›

After filing for Chapter 11 bankruptcy protection in May 2020, Brookfield Asset Management and Simon Property Group agreed to purchase the company for around $800 million in cash and debt in September, 2020. The deal was approved by the U.S. bankruptcy court for the Southern District of Texas two months later.

How many JCPenney stores were there at its peak? ›

1971: Founder James Cash Penney passes away at age 95. JCPenney reached its peak number of stores in 1973, with 2,053 stores, 300 of which were full-line establishments.

Why are retail stores closing in 2024? ›

More companies announce bankruptcies and closures, citing inflation as almost 3,200 stores face shuttering in 2024: poll. More companies are declaring bankruptcy and shutting down operations, citing inflation and high costs.

Is JCPenney closing stores in 2024 in the USA? ›

All four closing JCPenney locations are staples in the malls in which they are housed. Three will close sometime before September 22, 2024, with a fourth shutting its doors on an undetermined date in 2025, according to what a spokesperson for JCPenney told Retail Dive.

What movie was filmed in Waterville Maine? ›

As depressing as all that may seem, it has made Waterville the perfect backdrop for the filming of “Empire Falls,” the movie based on Richard Russo's Pulitzer Prize-winning novel with the same title about a rundown, blue-collar Maine community where the economy never recovered after its shirt factory shut down.

Where is the proposed amphitheater in Waterville Ohio? ›

The project, named Waterville Landing Entertainment District, will be located just off US-24 and State Route 64 at the Waterville / Whitehouse exits.

Who bought out JCPenney? ›

During bankruptcy, JCPenney closed more than 200 stores and restructured its debt. In late 2020, Simon Property Group (SPG) and Brookfield Asset Management (BAM)—two of the nation's largest property owners—purchased the company for $800 million.

How many JCPenney locations are left? ›

JCPenney proudly serves customers at more than 650+ stores across the United States and Puerto Rico, and at the Company's flagship store, jcp.com.

Can JCPenney make a comeback? ›

Such has been the case for J.C. Penney, which has been on the brink of death for approximately a decade and recently re-emerged from bankruptcy in late 2020. Three years later, it revealed an ambitious $1 billion comeback plan, promising store remodels, upgraded technology, and improved operations by 2025.

What was the old name of JCPenney? ›

James Cash Penney's original store was called Golden Rule, because he believed people should be treated as he would like to be treated himself. Later, when he opened more stores and incorporated, the name was changed to JCPenney.

Is Macy's older than JCPenney? ›

With age, comes wisdom, sometimes. Macy's Inc. (M) is the older sister (159 years) to J.C. Penney Co.

What state has the most JCPenney? ›

How many JCPenney stores are there in the United States? There are 660 JCPenney stores in the United States as of July 11, 2024. The state and territory with the most number of JCPenney locations in the US is Texas, with 73 stores, which is about 11% of all JCPenney stores in the US.

What JCPenney stores are closing in Colorado? ›

Colorado J.C. Penney closing stores
  • Durango: Durango Mall, 800 S Camino Del Rio.
  • Fort Collins: 135 Bockman Drive.
  • Greeley: Greeley Mall, 2080 Greeley Mall.
  • Montrose: River Landing Shopping Center, 3400 Rio Grande Ave.
Jun 12, 2020

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