Starting February 28, national retailer JCPenney will no longer sell appliances and furniture.
In a Wednesday press release, the company announced furniture will only be available online and in select Puerto Rico stores. Additionally, JCPenney will be inducting new store layouts as their inventory is reduced to focus on strictly on home furnishings and clothing.
Customers will be able to purchase appliances online and in stores through February 28 which will include free basic delivery and the installation of new models over $299. The company states protections and manufacturer warranties will remain in effect for their warranty period.
The retailer is $4 billion in debt and hasn’t turned a profit since 2010. The company is also considering closing stores to cut costs.