JC Penney In Muncie Mall and Richmond Shutting Down

The J.C. Penney stores in Muncie Mall, and Richmond will be closing as the company files for Chapter 11. It’s two of 242 locations shutting down and the stores will close between the current fiscal year and next fiscal year. The closure leaves the mall without its final remaining anchor store. Liquidation sales are expected to take between 10 and 16 weeks to complete.