Edited Story From: KTLO
Bankrupt J.C. Penney plans to permanently shutter 154 stores across the country, with going-out-of-business sales set to begin at those locations. The 154 locations include the store in Harrison. The 118-year-old retailer plans to close a total of 242 locations by the fall.
Last week, company officials said following entry of an order at a hearing with the U.S. Bankruptcy Court for the Southern District of Texas, in Corpus Christi next week, store closing sales will begin at the 154 locations.
The company expects additional phases of store closing sales will begin in the coming weeks. As the company remains focused on its Plan for Renewal and driving sustainable, profitable growth, it intends to reduce its store footprint and focus resources on its strongest stores and powerful eCommerce flagship store, jcp.com. Store closing sales for the first round of store closures are expected to take 10-16 weeks to complete.