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Because of this, the store's merchandise was advertised as being "under the squiggly roof" well into the 1970s. Treasure Island logo In 1961, J.C. Penney was looking to break into the catalog business, and after failing to reach an agreement with Aldens in October, looked to acquire General Merchandise, who at the time was the country's fifth ...
A brand new children's play area opened on the ground floor in front of the then JCPenney on July 30, 2013, with the original children's play area called Professor Frog's Courtyard and nearby fountain in the center court were removed and tiled over in August 2013. [33] [34] In 2016, the mall took in $6,180,000 in net income. [31]
In early 2001, JCPenney closed 44 under-performing stores. In 2001, JCPenney sold its direct-marketing insurance unit to Dutch insurer Aegon for $1.3 billion (equivalent to $2.31 billion in 2025) in cash to help refocus the company on retail. [30] In 2003, the company opened three stores in strip centers in Texas, Minnesota, and Indiana.
The company had healthy gross profit margins of 39.2% which seems like pie in the sky compared to some of J.C. Penney's "under cost." Its earnings per share was up 31% to $0.47. That was the 15th ...
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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.
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