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J.C. Penney Co. will close 40 stores over the next year, the company announced Thursday. The closures represent nearly 4% of J.C. Penney's 1,060 stores.
J.C. Penney (NYSE: JCP) told CNBC will put off closing some of the 138 stores it said it would shutter. Originally, the locations were to close starting April 17. That has been pushed to May 22. It is not clear whether some of the stores will eventually be kept open According to CNBC, Ever since [ ]