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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 to close 40 stores this year, including one in Oregon. Most of this year's closings will happen by April 4, the company said. J.C. Penney Co. said it will close 40 stores this year, about 4 percent of its locations, as the department- store chain continues its attempted turnaround.