NEW YORK — J.C. Penney will permanently close nearly 30 percent of its 846 stores as part of a restructuring under bankruptcy protection.

The Plano, Texas, retailer said Monday that it plans to close about 192 stores by February 2021, and then 50 additional stores in the year after that. A list of which locations will close as part of J.C. Penney’s restructuring has not yet been released.

That would leave the company with just over 600 stores.

J.C. Penney filed for bankruptcy reorganization on Friday, making it the biggest retailer to do since the coronavirus pandemic forced them to shut down all stores temporarily.