The JC Penney store at Three Star Mall is not one of the stores which will be closed, the company announced Friday. As part of a continuing effort to advance sustainable growth and long-term profitability, JC Penney will be closing 138 stores, one supply chain facility in Lakeland, Fla., and relocating one supply chain facility in Buena Park, Calif. Three JC Penney stores in Tennessee were selected to be closed.