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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.
The company's stock was down 2% early Thursday. Here's a list of the stores that are closing: J.C. Penney. Belus Capital Advisors analyst Brian Sozzi says he expects more retailers to announce store closures in the coming weeks, including Macy's, Abercrombie, Aeropostale, Target, and Wal-Mart.