Money J.C. Penney store closing sales to begin within weeks: 242 permanent store closures planned in bankruptcy May 28, 2020May 29, 2020 USA TODAY Comments Off on J.C. Penney store closing sales to begin within weeks: 242 permanent store closures planned in bankruptcy J.C. Penney will begin going-out-of-business sales at certain stores within weeks, an attorney for the company said Thursday at a court hearing.