JCP is planning to close 154 of its 846 U.S. stores, mostly mall locations, according to a court filing, in the first wave of about 242 total closings the bankrupt retailer intends. The stores on the initial list are in areas where stay-at-home restrictions have been eased and clearance sales can begin immediately. The debtors project that each store closing sale will take about 10-16 weeks to complete, at which point they will reject the leases for the closing stores. The undertakers are a joint venture between Hilco, Gordon Brothers, Tiger Capital, and Great American Group.

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