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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.
People exit from J.C. Penney store at Herald Square on Nov. 25, 2016, in New York. More ways to share... J.C. Penney has released the list of 138 stores it plans to close this year as part of an effort to concentrate on its top-performing locations and compete with Amazon and off-price competitors. jc penney, closing, 138, stores. 1024. Friday, 17 Mar 2017 05:25 PM.