J.C. Penney delays store closures

Shoppers hoping to get some great bargains at the 138 stores J.C. Penney has slated for closure will have to wait a little while longer.



The retailer told CNBC that due to improving traffic and better-than-expected sales at the locations on the closure list it has postponed the liquidation sales and shutterings.



The new closure date for the stores is now July 31, which is about six weeks later than Penney originally planned, the report said.



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