close 138 stores close 138 stores. JCPenney closure of 138 stores JCPenney shutting down about 14% of its locations said Payless JCPenney is closing 138 store, about 5,000 layoffs expected JCPenney closing of 138 stores close 138 stores JCPenney list of stores closing close 138 stores said JC Penney released