J.C. Penney just gave 138 stores another month to live

J.C. Penney (NYSE: JCP) initially resisted the department-store industry trend toward closing lots of stores. However, the company gave in after sales growth ground to a halt in 2016. Earlier this year, it announced plans to shutter 130 to 140 stores during the second quarter.

Shoppers come out of the woodworkSTOCK PRICE FOR JCPFull price informationWhy not keep the stores open permanently?It's all about cash flow

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