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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]
[2] [3] As a result, JCPenney divested 164 stores in the Carolinas. The divested stores were purchased by an investment group led by former Thrift Drug executives who left JCPenney after the Eckerd transaction. These stores became the Kerr Drug chain, using the name of a former Carolinas chain acquired by JCPenney in 1995. [4]
Myron Edward "Mike" Ullman III (November 26, 1946 – August 6, 2024) was an American businessman. During his career, he led Macy's and was the chairman and CEO of J. C. Penney.
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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.
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As of December 31, 2022, VALIC has more than $329 billion in total customer assets under management and as of September 30, 2024 manages plans for nearly 21,000 groups serving more than 2 million plan participants in 41,000 locations in the U.S. [3] VALIC represents The Variable Annuity Life Insurance Company and its subsidiaries, VALIC ...
Chaz Lanier scored 29 points to lead No. 1 Tennessee over No. 23 Arkansas 76-52 on Saturday and tie for the best start to a season in program history. The Volunteers (14-0, 1-0 Southeastern ...