Bankrupted JCPenney announced Thursday that it will shut down 154 stores over the summer, providing a list of them and adding that store closing sales kick off on June 12.
The firm filed for Chapter 11 bankruptcy protection several weeks ago, citing revenue losses caused by nationwide closures to slow the spread of the CCP (Chinese Communist Party) virus. Like many other stores, JCPenney was deemed nonessential and had to temporarily shutter its locations.
