NEW YORK (CBSDFW.COM/AP) — Plano-based 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.READ MORE: Truck Loses Control, Slams Into Royse City Police Officer Michael Baley While Helping Stranded Motorist
That would leave the company with just over 600 locations.READ MORE: Customs Officers Seize Narcotics At Texas-Mexico Border Worth $1.8M+ Hidden In Tires, Ice Chests
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.Man Wanted In Dallas For Child Sexual Assault Charges, Jose Gerardo Ibarra Arrested At U.S.-Mexico Border
(© Copyright 2020 CBS Broadcasting Inc. All Rights Reserved. The Associated Press contributed to this report.)