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Why J.C. Penney Store Closings May Not Be Soon in Coming

Why J.C. Penney Store Closings May Not Be Soon in Coming

Here's an interesting question: as a retailer, how do you optimize your store portfolio when much of it is serving as collateral for a loan that's keeping you afloat? According to Barron's, that's the dilemma facing department store chain J.C. Penney as it tries to turn itself around in a record amount of time.

Analysts quoted by Barron's estimate that if J.C. Penney were t

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