NEW YORK (AP) — J.C. Penney will close almost 30% of its 846 stores as part of a restructuring under bankruptcy protection.
The ailing department store said Monday that it plans to close about 192 stores by February 2021, and then 50 additional stores in the year after that.
That would leave the company with just over 600 locations. J.C. Penney filed for bankruptcy reorganization on Friday, making it the biggest retailer to do since the coronavirus pandemic forced them to shut down all stores.
- Friday Afternoon Forecast: All aboard the ISS, strawberry moon and more.
- UIL extracurricular guidelines impacting Abilene ISD marching band
- Republicans, Democrats disagree on how to address police reforms
- Abilene artist spreads message of unity, paints mural near downtown
- Two Runnels County jailers arrested for having inappropriate relationships with inmates