JCPenney will begin purging 249 stores with 'out of business' sales. The company was forced into bankruptcy in early May due to already slumping sales and the coronavirus pandemic.
Retailer JCPenney is planning to close nearly a third of its stores — about 200 — as part of its restructuring. The mall staple filed for bankruptcy last week.
J.C. Penney Co Inc. filed for bankruptcy protection during the coronavirus pandemic. According to Reuters, they plan to permanently close some stores and are exploring a possible sale. The store said..