JCPenney to drop appliances, furniture from stores

National
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FILE – In this May 16, 2018, photo, the J.C. Penney logo hangs outside the Manhattan Mall in New York. J.C. Penney has named Jill Soltau, who most recently served as president and CEO of fabric and crafts chain Jo-Ann Stores, to be its next CEO, effective Oct. 15, 2018. (AP Photo/Mary Altaffer, File)

Starting February 28, national retailer JCPenney will no longer sell appliances and furniture.

In a Wednesday press releasethe 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.

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