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The department store may close up to roughly 300 of its more than 1,000 locations within the next two years, according to Cowen & Co.
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In early 2001, JCPenney closed 44 under-performing stores. In 2001, JCPenney sold its direct-marketing insurance unit to Dutch insurer Aegon for $1.3 billion (equivalent to $2.24 billion in 2025) in cash to help refocus the company on retail. [30] In 2003, the company opened three stores in strip centers in Texas, Minnesota, and Indiana.
In 1984, most of the remaining strip mall was enclosed. As part of this conversion, Witherill's was replaced by Hess's. [5] P&C moved to a newly constructed freestanding store at the corner of the plaza's property, a Carl's Drugs (later Fay's Drugs, Eckerd, and finally Rite Aid) was attached to P&C, and an additional entrance was added to JCPenney so that mall patrons could enter the store ...
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