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That year, the company adopted the JCPenney style in advertising. [14] and its revenues reached $5 billion (equivalent to $37.6 billion in 2024) for the first time and catalog business made a profit for the first time. [15] JCPenney reached its peak number of stores in 1973, with 2,053 stores, 300 of which were full-line establishments. [15]
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J. C. Penney building in Anchorage. The J. C. Penney Store in Anchorage, Alaska is a department store and part of the United States retail chain J. C. Penney.The store was established in 1962 on Fifth Avenue in downtown Anchorage, making J. C. Penney one of the first national retailers to establish a presence in the state following Alaska's admission to the union as the 49th state in 1959.
On the day before it opened, the Woodward & Lothrop store was picketed because the tea room in its location in Chevy Chase refused service to African Americans. [12] Wheaton Plaza officially opened on February 5, 1960, [13] as a single-level, open-air mall, with Woodward & Lothrop (now JCPenney) and Montgomery Ward (now Target) as anchors. [14]
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