JCPenney says it will close about 240 stores after filing for bankruptcy - Business Insider

Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.JCPenney plans to close about 240 stores, or roughly 30% of its total locations, the company said in a presentation filed Monday with the Securities and Exchange Commission.

The closings would bring JCPenney's total store count from 846 stores now to about 604 locations, and drop net store sales from about $9.2 billion in fiscal 2019 to about $7.5 billion, the company said. The plan "reflects latest thinking on stores as of April 2020" and the "exact number continues to evolve," the presentation said.

Sorry to hear this. Best of luck to the employees! 💪

JCPenniless

Wow it has come to this

The retail apocalypse enters a new phase

This I can not accept! They have great work clothes

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