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The Company was purchased by JCPenney in 1968, and was expanded greatly thereafter, serving as the flagship chain of JCPenney's pharmacy group. The chain did not hide its affiliation with JCPenney, as it had JCPenney catalog merchandise pickup centers inside many of its locations, as well as signs advertising "JCPenney Catalog Center".
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]
JCPenney Catalog Centers were added to Eckerd stores. JCPenney also bought more than 500 more stores from four other chains in New York state, Virginia and the Carolinas, such as the 1998 acquisition of the 141-store Genovese chain in the New York metropolitan area. [8] These stores were renamed in 2003. [9]
JCPenney announced it's closing stores and winding down its catalog operations, a legacy business that seems outdated in today's landscape of online and mobile shopping. In all, 26 stores will ...
The JCPenney mother store in Kemmerer, Wyoming. In 1898, Penney began working for a small chain of stores in the Western United States, called the Golden Rule stores.In 1902, owners Guy Johnson and Thomas Callahan, impressed by his work ethic and salesmanship, offered him a one-third partnership in a new store he would open.
Following JCPenney's departure, both Harris-Teeter and Eckerd Drug would leave the mall for a new strip center across town in 1989. [ 12 ] [ 13 ] This would leave the mall anchorless. First Union Bank would consolidate their Quenby Mall Branch into another location, closing operations at the mall in early 1989.
JCPenney did away with its giant catalog last year, but stuck with smaller, more specialized catalogs for things like school uniforms and window coverings. But if you're a fan of flipping pages ...
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 chain is shutting down ...
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