JC Penney plans to close more than 240 stores

National News

FILE – In this May 8, 2020, file photo, a J.C. Penney store sits closed in Roseville, Mich. The coronavirus pandemic has pushed troubled department store chain J.C. Penney into Chapter 11 bankruptcy. It is the fourth major retailer to meet that fate. Penney said late Friday, May 15, 2020, it will be closing some stores and will be disclosing details and timing in the next few weeks. (AP Photo/Paul Sancya, File)

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.

Copyright 2021 Nexstar Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Recent Videos

FNF Pt 1

FNF Pt. 2

Friends for Life

Well Water

Legislature Discipline

SYSK Shelly Peterson

Thursday, March 4th, 2021 - KX Storm Team Evening Forecast - Dave Holder

Reintegration Plan

Excess Deaths

Breakthrough COVID Cases

Potholes: What causes them?

Amber's Thursday Morning #OneMinuteForecast 3/4

A warm and dry forecast through the weekend

USpire ND

NDC MAR 4

Shiloh Christian Signings

Century Girl's Basketball

Kenmare Girl's Basketball

Burlington Bullying

More Video

Don't Miss

More Don't Miss

KX News Trending Stories

Latest Stories

More Local News