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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]
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.
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JCPenney opened on January 3, 1973 at the west end of the mall where they still operate today. [6] Robinson's of Florida was the last anchor to open, which debuted on September 4, 1973. Robinson's sold its entire Florida division to Maison Blanche, a Louisiana-based department store, in 1987.
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