JCPenney is Officially Closing 154 Stores Nationwide
Tuesday, June 9th, 2020
JCPenney has confirmed that 154 stores will close this year.
This news comes shortly after filing for Chapter 11 bankruptcy protection in May, one day after it made an approximately $17 million interest payment on debt owed. At the time, plans were announced to close approximately 30% of the retailers' 846 stores.
