May 19, 2020 by Marlee McCormick

JCPenney Closing Nearly 30% Of Stores

(Plano, TX) — Financial struggles are forcing JCPenney to close the doors on a number of its stores.

The North Texas based retailer announced in a filing nearly 30 percent of its 846 locations would shut down by the next fiscal year. The documents show nearly 200 are expected to close this year and another 50 the following year. Officials didn’t specify which stores were closing.

JCPenney announced it was filing for bankruptcy on Friday.