Comment on J.C. Penney says it plans to close nearly 29% of stores – or 242 locations – as part of its bankruptcy

J.C. Penney says it plans to close nearly 29% of stores – or 242 locations – as part of its bankruptcy

J.C. Penney says it plans to close nearly 29% of stores – or 242 locations – as part of its bankruptcy

By Kelly Tyko USA TODAYDays after filing for bankruptcy, J.C. Penney says it plans to close more than a fourth of its stores. According to a document filed with the Securities and Exchanges Commission on Monday, approximately 29% of the retailer's 846 stores, or 242 locations, will close between the current fiscal year and next fiscal year.

 

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