Why one JC Penney store closure could actually be good news for the struggling retailer

Daniel Goodman / Business Insider A few months ago, JC Penney announced plans to shutter 138 stores this year as it tries to adapt to the changing retail environment. Last week, the company confirmed that it will add a 139th store to the list. JC Penney has sold its store at Southdale Center in Edina, Minnesota, for a reported $4 million and will close that location in August. In the popular media, department store closures like this one are almost always presented as examples of the "death of t...