J.C. Penny

Penney, which has been trying to turn around its business for several years after a disastrous reinvention plan, reported a wider than expected loss and sales declines during the quarter.

Lincoln's lone J.C. Penney store will remain open, but three Nebraska cities will lose theirs.

The Plano, Texas-based retailer announced last month that it planned to close 130-140 underperforming stores as well as two distribution centers to cut costs and boost profits.

On Friday, J.C. Penney released a list of the 138 stores that will close. On it were the stores in Fremont, McCook and North Platte.

The Lincoln J.C. Penney store at Gateway Mall was not on the list, nor were any of the three Omaha-area locations. The other Nebraska cities with J.C. Penney stores are Columbus, Grand Island, Kearney and Norfolk.

The Fremont and North Platte stores are both in malls. The McCook store is in downtown McCook.

The company said liquidation sales will start April 17 and most of the stores will close in June.

J.C. Penney said the stores that are closing make up about 14 percent of its total store count but represent only about 5 percent of total sales. The store and distribution closings will result in about 5,000 lost jobs, the company said.

J.C. Penney, like many other retailers, is struggling with falling sales. Macy's and Sears have recently announced dozens of store closings, and other chains have gone out of business altogether.

Omaha-based chain Gordmans declared bankruptcy on Monday and said it will liquidate its inventory, which likely means all stores will close. RadioShack declared bankruptcy last week for the second time in two years and is closing all of its stores.

Other retailers that have recently announced they are going out of business in include The Limited, Vanity and Family Christian Stores.

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