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J.C. Penney Begins Store Closing Sales

J.C. Penney has received bankruptcy court approval to begin liquidation sales at the stores that are closing permanently. Sales are beginning at the initial 154 stores that will close. The department store chain is expected to eventually close 242 stores for good. About 600 stores are not closing, and the retailer has won rent relief until July 13 for those locations.

Read the whole story at USA Today »

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