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J.C. Penney Co. will close 40 stores over the next year, the company announced Thursday. The closures represent nearly 4% of J.C. Penney's 1,060 stores.
Sign in to. OregonLive.com. More than a third of Oregon's J.C. Penney stores slated to close. More than a third of Oregon's J.C. Penny stores will be closed by June. More than a third of all the J.C. Penney department stores in Oregon will be shuttered by this summer in a wave of closings expected to affect up to 140 stores nationwide.