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That year, the company adopted the JCPenney style in advertising. [16] and its revenues reached $5 billion (equivalent to $37.6 billion in 2025) for the first time and catalog business made a profit for the first time. [17] JCPenney reached its peak number of stores in 1973, with 2,053 stores, 300 of which were full-line establishments. [17]
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Nike, Inc. [note 1] (stylized as NIKE) is an American athletic footwear and apparel corporation headquartered near Beaverton, Oregon. [6] It is the world's largest supplier of athletic shoes and apparel and a major manufacturer of sports equipment, with revenue in excess of US$46 billion in its fiscal year 2022.
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Nike, Inc. announced plans to shift towards e-commerce and decrease its retail partners from 30,000 to 40. [227] Nine West filed for bankruptcy on April 6, 2018. It closed all 70 of its retail stores, shifting to online only. [228] Nordstrom was unable to go private in 2017 due to the retail apocalypse. [229]