JCPenney parent company undergoing second wave of layoffs

Another round of layoffs is coming to Catalyst Brands LLC, the parent company of JCPenney.

Catalyst Brands was formed 2025 after the merger of JCPenney and the once-bankrupt Spark Group. Brands under the Catalyst umbrella include JCPenney, Brooks Brothers, Aéropostale, Eddie Bauer, Forever 21, Lucky Brand Jeans, and Nautica.

CNN reports the company is in an “early stage of integration.” In a statement, Catalyst said it has identified areas where “we can optimize our structure and roles” affecting 9% of its corporate roles.

JCPenney is also in the midst of closing a wave of stores. Eight stores are slated to close, including locations in California, Colorado, and West Virginia.

Here’s a look at the full list:

The Shops at Tanforan, 1122 El Camino Real San Bruno, California
The Shops at Northfield, 8568 E 49th Avenue,  Denver, Colorado
Pine Ridge Mall , 4201 Yellowstone Avenue, Pocatello, Idaho   
West Ridge Mall, 1821 SW Wanamaker Road, Topeka, Kansas
Annapolis Mall, 1695 Annapolis Mall Road, Annapolis, Maryland        
Asheville Mall, 3 S Tunnel Road, Asheville, North Carolina       
Mall at Fox Run, 50 Fox Run Road, Newington, New Hampshire           
Charleston Town Center, 401 Lee Street, E. Charleston, West Virginia