News > J.C. Penney to close 154 stores in in first post-bankruptcy phase

J.C. Penney to close 154 stores in in first post-bankruptcy phase

"While closing stores is always an extremely difficult decision, our store optimization strategy is vital to ensuring we emerge from both Chapter 11 and the COVID-19 pandemic as a stronger retailer with greater financial flexibility to allow us to continue serving our loyal customers for decades to come," said Jill Soltau, chief executive officer of JCPenney, in a statement.