J. C. Penney says it's closing 152 stores around the country, cutting around 1,000 jobs.
The company is looking to emerge from bankruptcy protection.
Even before the coronavirus pandemic started, J. C. Penney had nearly $4 billion of debt.
More from News 12
0:42
Crews respond to building fire in downtown South Orange
2:15
STORM WATCH: Decent finish to the weekend before heavy rain & wind Monday
2:10
Jersey City files last-minute legal challenge to stop closure of Heights University Hospital
0:26
Gas line explosion in Newark injures 3, forces evacuations
1:59
An inside look at 'The Bellevue' - named one of the world's greatest cinemas
0:28
