PLANO, Texas (CBSDFW.COM/AP) – Plano-based J.C. Penney said Thursday it will start closing 154 of its stores next week in what it is calling the first phase of its efforts to shrink its footprint.
Four of those stores are in North Texas.READ MORE: Shamira Wright-Sanders Charged In Connection To Fatal Shooting Of Child Inside Her Car At Walmart
A list of all the stores closing was published on Penney’s website.
The retailer said it could take about 10 to 16 weeks to complete the closures.READ MORE: Johnson County Resident Timothy Vandeventer Sentenced To 10 Years In Prison For Child Porn
Penney filed for bankruptcy protection last month, making it the biggest retailer to do since the coronavirus pandemic forced non-essential stores to be shut down temporarily.
J.Crew and Neiman Marcus sought bankruptcy protection days before J.C. Penney. All three were laden with debt and had trouble connecting with shoppers, who are increasingly skipping the mall and shopping online.
As part of its bankruptcy reorganization, Penney said it planned to permanently close nearly a third of its 846 stores in the next two years. That would leave it with just over 600 locations.MORE NEWS: Police Searching For Suspect Who Robbed And Shot Victim Behind Farmers Branch City Hall
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