{"id":376,"date":"2020-05-15T15:09:43","date_gmt":"2020-05-15T15:09:43","guid":{"rendered":"https:\/\/multi.nycnewsnetwork.com\/nycbusinessdaily\/bankruptcy-looms-over-east-new-yorks-gateway-mall-anchor-tenant-jc-penney\/"},"modified":"2020-05-15T15:09:43","modified_gmt":"2020-05-15T15:09:43","slug":"bankruptcy-looms-over-east-new-yorks-gateway-mall-anchor-tenant-jc-penney","status":"publish","type":"post","link":"https:\/\/nycnewsnetwork.com\/nycbusinessdaily\/bankruptcy-looms-over-east-new-yorks-gateway-mall-anchor-tenant-jc-penney\/","title":{"rendered":"Bankruptcy Looms Over East New York&#8217;s Gateway Mall Anchor Tenant JC Penney"},"content":{"rendered":"<p><em><strong>photo: <a href=\"https:\/\/nycnewswire.com\/\">NYC Newswire<\/a><\/strong><\/em><\/p>\n<p>It has already been reported that a number of national retailers that have stores in the Gateway Mall, in East New York, have filed or will file for bankruptcy. Some of the closings and bankruptcies were happening prior to the COVID 19 pandemic, while others were already suffering and the pandemic is forcing them into bankruptcy.<\/p>\n<p>One of Gateway Mall&#8217;s anchor tenants, JC Penney, is said to be filing for bankruptcy. The large retailer has been in trouble for many years but they might be on their way to non-existence soon.<\/p>\n<p>According to <strong>MSN<\/strong> ,J.C. Penney employed roughly 90,000 full-time and part-time employees as of February. It is working on a plan that would contemplate closing 180 to 200 stores while in bankruptcy. The retailer had 846 department stores as of February. It is not clear if the Gateway store is on their list to close at this point, but the future of the retailer looks bleak.<\/p>\n<p>This is a story worth watching because of it&#8217;s impact as the anchor tenant of Gateway. JC Penney is the first store you see when driving into the main entrance of the mall. Having this store empty for years would not be pretty. The Babies R Us store next to Red Lobster at the Gateway Mall remains empty since the brand went bankrupt in 2018. The old Babies R Us location is in the back of the mall so it&#8217;s not a huge black eye for the mall, but JC Penney is a different story altogether.<\/p>\n<p>Stay tuned for updates.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>photo: NYC Newswire It has already been reported that a number of national retailers that have stores in the Gateway Mall, in East New York, have filed or will file for bankruptcy. Some of the closings and bankruptcies were happening prior to the COVID 19 pandemic, while others were already suffering and the pandemic is [&hellip;]<\/p>\n","protected":false},"author":5777,"featured_media":377,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[7],"tags":[],"class_list":["post-376","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-retail-news-nyc"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v26.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bankruptcy Looms Over East New York&#8217;s Gateway Mall Anchor Tenant JC Penney - NYC Business Daily<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nycnewsnetwork.com\/nycbusinessdaily\/bankruptcy-looms-over-east-new-yorks-gateway-mall-anchor-tenant-jc-penney\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bankruptcy Looms Over East New York&#8217;s Gateway Mall Anchor Tenant JC Penney\" \/>\n<meta property=\"og:description\" content=\"photo: NYC Newswire It has already been reported that a number of national retailers that have stores in the Gateway Mall, in East New York, have filed or will file for bankruptcy. Some of the closings and bankruptcies were happening prior to the COVID 19 pandemic, while others were already suffering and the pandemic is [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/nycnewsnetwork.com\/nycbusinessdaily\/bankruptcy-looms-over-east-new-yorks-gateway-mall-anchor-tenant-jc-penney\/\" \/>\n<meta property=\"og:site_name\" content=\"NYC Business Daily\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/NYCBusinessDaily\" \/>\n<meta property=\"article:published_time\" content=\"2020-05-15T15:09:43+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/nycnewsnetwork.com\/nycbusinessdaily\/wp-content\/uploads\/sites\/7\/2020\/05\/JC-Penney.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"524\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Val Ramirez\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"NYC Newswire\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/nycnewsnetwork.com\/nycbusinessdaily\/bankruptcy-looms-over-east-new-yorks-gateway-mall-anchor-tenant-jc-penney\/\",\"url\":\"https:\/\/nycnewsnetwork.com\/nycbusinessdaily\/bankruptcy-looms-over-east-new-yorks-gateway-mall-anchor-tenant-jc-penney\/\",\"name\":\"Bankruptcy Looms Over East New York&#8217;s Gateway Mall Anchor Tenant JC Penney - 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