The chain, which is in its ninth year in business, said in a statement it would cease operations at its stores in New York City, Los Angeles, Chicago and Atlanta by January 31, 2019.
“We appreciate our loyal customers, our loyal employees, and the loyal employees of our J. Cole and JCPenney brands, which we have built and continue to build over the years,” J.CPenneys spokeswoman Ashley Young said in the statement.
“As the company is transitioning, we will no longer be in operation as we move forward with our business plan to strengthen our business and grow our retail footprint in our hometown of New York.
Our team has been working closely with our brand partners and the local communities to develop an innovative, forward-thinking plan that will help us sustain and thrive for the long term.
The company said it has also decided to close its U.S. headquarters and to eliminate a number of positions in New Jersey and Florida.
The company, which has about 1,000 stores, has struggled to keep pace with the rising demand for its clothing.
In addition to J.crew, JCPs apparel stores include Nordstrom, J.W. Marriott, American Eagle Outfitters, Bloomingdale’s, Macy’s, Bloomingdales, Gap, Kohl’s and Forever 21.