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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 closing 138 stores, 4 in Alabama: Complete list of closing locations. JC Penney is closing 138 stores, including four locations in Alabama, the retail chain announced Friday. About 5,000 jobs will be eliminated through the closures, and the company said it will offer outplacement services for those employees losing their positions.