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J.C. Penney Co Inc said on Wednesday it would stop selling major appliances, including fridges and washing machines, and revamp the layout of its stores.
Exterior of the JCPenney store at the Stonebriar Centre in Frisco, Texas (2013) JCPenney headquarters in Plano, Texas (2014) In 2010, Vornado Realty Trust acquired a 9.9% stake in JCPenney but sold it in 2013 for $13.00 per share. [37] On January 24, 2011, JCPenney shut down its catalog business and 19 outlet stores. [38]
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. The money is going toward ...
A month before the catalog's launch, Swiss Colony President John Baumann told United Press International the retailer might also resurrect the original Montgomery Ward's Signature and Powr-Kraft store brands. [26] Among the new store brands Wards started under Colony was a home and kitchen brand called Chef Tested. [27]
Timeline of former nameplates merging into Macy's. Many United States department store chains and local department stores, some with long and proud histories, went out of business or lost their identities between 1986 and 2006 as the result of a complex series of corporate mergers and acquisitions that involved Federated Department Stores and The May Department Stores Company with many stores ...
Fingerhut is an American catalog/online retailer. [ 1 ] [ 2 ] Fingerhut is distinguished from other online retailers in that it incorporates a technique known as hire purchase , where customers can pay with credit, and make monthly payments until their orders are paid off.