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May 19, 2020

JC Penney to close over 240 stores

By JOURNAL STAFF

NEW YORK (AP) — J.C. Penney will permanently close nearly 30% of its 846 stores as part of a restructuring under bankruptcy protection.

The Plano, Texas, retailer said Monday that it plans to close about 192 stores by February 2021, and then 50 additional stores in the year after that.


 
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