Question: is jcp going out of business?
Answer: J.C. Penney is closing 154 stores — here's where they're located. Bankrupt J.C. Penney plans to permanently shutter 154 stores across the U.S., with going-out-of-business sales set to begin at those locations on June 12. The 118-year-old retailer plans to close a total of 242 locations by the fall.