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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.
JC Penney will close one store in Oregon: its North Bend store, located at 1611 Virginia Avenue, inside the Pony Village Mall. We continually evaluate our store portfolio to determine whether there's a need to close or relocate underperforming stores, Plano, Texas-based J.C. Penney said in the statement.