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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 JC Penney parking lot had a dozen vehicles sitting in front of the store Thursday afternoon following the announcement of the store's Aberdeen location closing. American News Photo by Nick Hartley. Less than a decade away from its 100th anniversary in Aberdeen, J.C. Penney is set to close, likely in a matter of months. The companyâs location at Lakewood Mall is one of 40 stores that the retailer plans to close in 2015, according the companyâs media relations department.