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JCPenney announced in February plans to close two distribution facilities and 138 department stores this year to redirect resources in higher-performing locations and initiatives.
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]
The department store announced plans in February to close 130 to 140 locations in the coming months, or about 13 percent of stores.
The following is a list of the affected stores, including some local and regional stores that earlier had been absorbed into chains that became part of Federated, May, or Macy's. Abraham & Straus (Macy's in 1995) D. M. Read (Macy's in 1990) Bamberger's (Macy's in 1986) The Bon Marché (Macy's in 2005) C.C. Anderson's Golden Rule (The Bon ...
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Horizon Fitness: A Cottage Grove, Wisconsin-based [6] company that manufactures treadmills, stationary bicycles, elliptical trainers for domestic use. Advanced Fitness Groups (AFG) : Also a Cottage Grove, Wisconsin-based subsidiary [ 7 ] that acts as a semi-exclusive name brand for Sears (in the United States) and Canadian Tire (in Canada) [ 8 ]
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