India, May 13 -- More JCPenney stores are closing down in the next two weeks. Across seven states, seven locations are shutting their doors permanently. Since filing for bankruptcy back in 2020, JCPenney has closed down over 200 locations, and some more are on the way towards closure.

According to JCPenney's spokesperson, there is not a single, but multiple reasons for the closing of these stores.

"The decision to close a store is never an easy one. But isolated closures do happen from time to time due to expiring lease agreements, market changes, or other factors,' the spokesperson was quoted as saying, as reported by The Mirror US."

However, these stores are reportedly not just closing down because of any financial troubles.

By May ...