J.C. Penney To Close 138 Stores Nationwide, Five In North Carolina

CHARLOTTE, N.C. — J. C. Penney is closing 138 stores nationwide in a cost cutting measure becoming more common among traditional brick and mortar retail stores.

The store closings include five in North Carolina including locations in Albemarle, Boone, Gastonia, Hendersonville, Monroe, and Roanoke Rapids.

Nearly 5,000 people will lose their job as a result of the contraction but J.C. Penney says they will help  eligible associates find employment  internally and externally.

According to the retailer, most of the stores will close in June, with the liquidation process beginning April 17th.