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In 1983, JCPenney discontinued its appliance, hardware, outdoor equipment, and auto center departments, and also sold its automotive centers to Firestone. Also in 1983, it began selling goods online through the Viewtron videotex service.
Closed the majority of its retail stores in 2021 mainly due to the COVID-19 pandemic, with merchandise moved online and to department stores such as Target and JCPenney. Edison Brothers Stores – operator of numerous shoe and clothing chains, including Bakers Shoes, Wild Pair, J. Riggings, Oaktree, Foxmoor and Fashion Conspiracy. Company was ...
JCPenney said Thursday it plans to spend more than $1 billion by the end of 2025 in a bid to revive the storied but troubled 121-year-old department store chain.
Updated July 14, 2016 at 6:53 PM. DailyFinance. Lately, it seems the only constant at J.C. Penney ( JCP) is change, so it probably shouldn't come as a surprise that the retailer is once again...
JCPenney store-in-store. In 2013, Disney announced that it would be partnering with JCPenney department stores nationwide to open 525 "shop-within-shops" inside of JCPenney stores on October 4, 2013, in time for the release of Frozen. Target store-in-store
Rite Aid Corporation is an American drugstore chain based in Philadelphia, Pennsylvania. [10] It was founded in 1962 in Scranton, Pennsylvania, by Alex Grass under the name Thrift D Discount Center. It is the third-largest drugstore chain in the United States, with over 2,000 stores, and ranked No. 148 in the Fortune 500 in 2022.
However, that product line was discontinued in late 2009. In July 2020, it was announced that Sycamore Partners had made a $1.75 billion offer to acquire department store chain and competitor JCPenney out of bankruptcy.
In July 2004, JCPenney sold the Eckerd chain to CVS Corporation and Jean Coutu Group for a total of $4.5 billion (~$6.96 billion in 2023). CVS acquired 1,271 Eckerd stores, and support facilities, in Florida, Texas, and other Southern states, as well as Eckerd's pharmacy benefits management and mail order businesses, for $2.15 billion. [10]
June 2, 1978 [2] The J. C. Penney Historic District is a historic district in Kemmerer, Wyoming, encompassing several properties associated with James Cash Penney (1875-1971).
Resting place. Woodlawn Cemetery ( The Bronx, New York City) Occupation. Businessman. Years active. 1898–1971. Known for. Establishing JCPenney department stores in 1902. James Cash Penney Jr. (September 16, 1875 – February 12, 1971) was an American businessman and entrepreneur who founded the JCPenney stores in 1902.