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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.
Astoria City Council hopes to stop J.C. Penneyâs closure. People walk by the J.C. Penney on Commercial Street Friday in downtown Astoria. The store is slated to start liquidating its stock April 17 and to close June 18. In the wake of J.C. Penney Co.âs decision to close Astoriaâs 101-year-old store, the City Council plans to send the companyâs CEO a letter today asking him to reconsider.