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Store-Closing Sales. JCPenney has been on shaky ground for some time, and the coronavirus has finally pushed the brand to file for bankruptcy.While liquidation isn’t in the cards so far, the ...
However, the recessions of the 1970s and early 1980s were too much to bear for J.C. Penney, and the discount division started losing money. The Treasury stores were eventually closed in 1981. [2] However, the mail order business, which was the main reason for J.C. Penney's acquisition of Treasure Island, remains a thriving, multibillion-dollar ...
JCPenney was founded in 1902 as a group of dry goods stores that James Cash Penney managed as part of the Golden Rule chain, and incorporated under his own name in 1913. The stores initially located in downtown areas but shifted to shopping malls during the 1960s.
SupeRx – Kroger created the first SupeRx store in 1961 with most stores next door or very close to existing Kroger stores [75] [76] Thrift Drug – merged into Eckerd after J.C. Penney bought Eckerd; Thrifty PayLess – acquired by Rite Aid in 1996; Treasury Drug – acquired by J.C. Penney, then shuttered in 1980; Value Giant; Wellby Super Drug
The department store announced plans in February to close 130 to 140 locations in the coming months, or about 13 percent of stores. JCPenney is shuttering 140 locations -- See if your store is at risk
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