Texas-Based JCPenney Closing Nearly 30% Of Stores

Financial struggles are forcing Texas-based JCPenney to close the doors on a number of its stores. The retailer announced in a filing nearly 30 percent of its 846 locations would shut down by the next fiscal year. The documents show nearly 200 are expected to close this year and another 50 the following year. Officials didn't specify which stores were closing. JCPenney announced it was filing for bankruptcy on Friday.

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