Spencer, Iowa — The JC Penney store in Spencer is scheduled to remain open as the corporation moves through bankruptcy proceedings.
Going-out-of-business sales are underway at two Iowa JCPenney stores. The JC Penney stores in Carroll and Marshalltown will be closed and the company announced Wednesday that it will shed a thousand jobs, mostly from its corporate office in Texas.
JC Penney filed for bankruptcy in May and announced then that it would close 152 stores. The company operates 11 stores in Iowa, nine of which will remain open under its current reorganization plan. In addition to their Spencer location, stores in Ames, Cedar Rapids, Coralville, Council Bluffs, Davenport, Dubuque, Sioux City and West Des Moines will remain open.
