Tough one to predict...if Dillard's was to close another location in the immediate metro between Quail Springs and Penn Square, one would think QSM Dillards would be first over Penn Square Mall, but if Dillard's owns both of their anchors in PSM, could they sell at least one anchor back to Simon Malls for redevelopment and move down to one store?
I think the Women's Dillards (West) is larger, but both Men and Women Dillard's at Penn Square seemed to be doing fine pre-pandemic. At the same time, Quail Springs Dillard's, despite its original interior, usually had decent foot traffic and much more during the annual sales.
I can not speak for how well the Dillards "outlying" stores are at Sooner Mall or Shawnee Mall. Oakwood Mall Dillards in Enid closed before Covid, and Washington Park Mall in Bartlesville transitioned to Dillards Clearance. Lawton, Muskogee, Woodland Hills, and Tulsa Promenade, I believe are all still operating in addition to the ones in and around OKC. If Dillard's had to close a store in the OKC Metro, I would predict Shawnee or Norman before Quail or Penn.
JCPenny is also hard to call. Both stores at QSM and PSM are modern/recently renovated, and I think the Penn Square Store was built/added on in the mid-nineties. If JCP owns this space, I could see them selling it at PSM for more "bang for the buck" JCP has closed Altus, Enid, Ponca City, Bartlesville, Stillwater, McAlester, Midwest City, Muskogee, Tulsa Promenade and Shawnee. The only two non-mall locations still around are Ardmore and Owasso.
If Von Maur could go back in time, I imagine they would have pushed harder to get somehow into Penn Square Mall, since QSM has changed its tenant lineup since 2010 as they reposition their destination. I don't see Von Maur leaving Quail Springs given the custom built store and I think there are some other terms keeping them in that location for a while.
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