FILE - In this Feb. 19, 2015, file photo, shoppers visit a J.C. Penney store in New York. The Texas-based retailer reports financial results, Friday, May 13, 2016. (AP Photo/Mark Lennihan, File)

J.C. Penney to close up to 140 stores

J.C. Penney says it will be closing anywhere from 130 to 140 stores as well as two distribution centers over the next several months.