Money Going out of business sales set to begin at closing J.C. Penney stores. Will your store close? June 12, 2020 Kelly Tyko and Nathan Bomey, USA TODAY Comments Off on Going out of business sales set to begin at closing J.C. Penney stores. Will your store close? Liquidation sales could begin as soon as Friday at 154 JCPenney stores that will permanently close. The sales may look different because of COVID-19.