JC Penney Postponing Store Closures, Liquidation Sales

The liquidation will now begin May 22 instead of April 17

J.C. Penney announced it has postponed the liquidation sales and closure dates for the 138 stores it plans to shutter this year after seeing an increase in sales, the company told CNBC exclusively.

"Ever since the company announced its store closure list, those stores have seen better-than-expected sales and traffic," J.C. Penney spokeswoman Daphne Avila told CNBC.

The liquidation will now begin May 22 instead of April 17 as originally scheduled. The new closure date of July 31 is about six weeks later than J.C. Penney originally planned.

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