SB Acquisitions has announced it will close all 15 of its JC’s 5 Star Outlet stores in 14 states. “Going out of business” sales will start Wednesday. 1,400 people will lose their jobs, including those employed at the store located at the Liberty Fair Mall in Martinsville. It is unknown exactly how many people will be affected here. The owner said the closure is necessary due to a steep decline in sales. Penney’s has had business in some form in Martinsville for about 50 years. The closure of the outlet store will end their run here.