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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 2025) 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]
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.
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.
Ron Johnson (born October 15, 1959) is the CEO and founder of Enjoy Technology. Previously, he was CEO of JCPenney, where he led a failed effort to fundamentally reshape the retailer; senior vice president of retail operations at Apple Inc., where he developed the concept of the Apple Retail Stores and the Genius Bar; and the vice president of merchandising for Target Corporation, where he was ...
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[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]
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.
The Tacoma Mall is the largest shopping center in Tacoma, Washington, United States, and is owned and operated by the Simon Property Group.Anchor tenants include Dick's Sporting Goods, JCPenney (originally two levels, but added a third level in 1986), Macy's (originally The Bon Marché), and Nordstrom, with one vacant and demolished anchor last occupied by Sears, which opened in 1981.