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: State Fair Taking Extra Measures To Keep Guests Safe
That would leave the company with just over 600 locations.READ MORE: Officials: Man Suspected Of Making Threats Against Texas Lawmakers Arrested
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.State Fair Offers Hundreds Of Free Acts, Shows And Exhibits
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