Plano-based J.C. Penney will close its store in the Temple Mall in the spring as part of a major corporate restructuring effort.
The 118-year-old retailer has already closed 150 stores since filing for bankruptcy in May with nearly $5 billion in debit and will close 15 more by the end of March, officials confirmed Thursday to USA Today.
“These stores will begin liquidation sales later this month and will close to the public in mid to late March,” the company’s statement to USA Today said.
A federal judge approved a deal to rescue the chain from the bankruptcy proceedings in November.
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