J.C. Penney postponing store closures

Thanks to higher sales at stores marked for closure, J.C. Penney has postponed plans to shutter 138 shops.

Company spokeswoman Daphne Avila told CNBC on April 13 that the locations J.C. Penney (NYSE: JCP) announced in March would be closed have since seen “better-than-expected sales and traffic.”

“This is not an uncommon response when you announce a store closure,” Avila added. “Local shoppers will come out for a variety of reasons — some out of nostalgia and some who are just looking…

J.C. Penney postponing store closures syndicated post


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