Friday, April 14, 2017

J.C. Penney postponing store closures

Higher sales at stores marked for closure has led J.C. Penney to postpone plans to shutter 138 locations. Company spokeswoman Daphne Avila told CNBC on Thursday that the locations J.C. Penney 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 for a great…



from http://www.bizjournals.com/baltimore/news/2017/04/14/j-c-penney-postponing-store-closures.html?ana=RSS%26s=article_search
via http://baltimorecheckbook.tumblr.com/post/159568294392

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