Eckerd Corporation was an American pharmacy retail chain that was headquartered in Largo, Florida , and toward the end of its life, in Warwick, Rhode Island . At its peak, Eckerd was the second-largest pharmacy chain in the United States, with approximately 2,802 stores in 23 states as far west as Arizona .
137-430: An independent chain for most of its existence, Eckerd was purchased by JCPenney in 1996. Following years of losses and failed attempts to turn around the company, the chain was divided in 2004, with 1,271 of its stores, and its mail-order business, sold to competitor CVS , and the remainder acquired by Jean Coutu Group . Jean Coutu sold the chain to Rite Aid in 2007, and its name was phased out soon thereafter. Eckerd
274-689: A gunman killed 10 people , including a police officer, in a King Soopers supermarket in Boulder . In an instance of anti-LGBT violence , a gunman killed 5 people at a nightclub in Colorado Springs during the night of November 19–20, 2022. Four warships of the U.S. Navy have been named the USS Colorado . The first USS Colorado was named for the Colorado River and served in the Civil War and later
411-659: A "Jacques Penne" pop-up shop in Manhattan during the 2017 holiday season. In 2018, the JCPenney at Plaza Palma Real in Humacao, Puerto Rico closed permanently, after Hurricane Maria devastated the store in September 2017. In May, JCPenney reported an adjusted loss of $ 69 million in the first quarter, even worse than Wall Street predicted, and lowered its projections for the year. Sales fell 4%, also missing estimates. Earlier in 2018,
548-670: A 16.6% stake in Martha Stewart Living Omnimedia, intending to create "mini-Martha Stewart shops" in its stores by 2013. In early 2012, JCPenney implemented a new pricing strategy, replacing sales with "Every Day" prices, but saw a 22% sales decline by mid-year. The company also experienced staff cuts, laying off 1,600 employees in January and 600 more in April 2012. Johnson was dismissed in April 2013 and replaced by former CEO Mike Ullman . In late 2013, JCPenney faced challenges in
685-508: A J. C. Penney in Des Moines, Iowa . Walton subsequently founded retailer Walmart in 1962. By 1941, J. C. Penney operated 1,600 stores in all 48 states. In 1956, J. C. Penney started national advertising with a series of advertisements in Life magazine. J. C. Penney credit cards were first issued in 1959. The company dedicated its first full-line shopping-center department store in 1961. This store
822-568: A chain of mall-based electronics shops. J. Byrons and VideoConcepts were sold off in 1985, the latter to Tandy Corporation . JCPenney and Eckerd agreed to merge in November 1996, and the merger took place in 1997. Penney paid $ 3.3-billion and assumed $ 760 million in debt to acquire Eckerd, and combined it with its 800-store Thrift Drug chain. Under the agreement, all of JCPenney's Thrift Drug unit of drug stores (comprising Thrift Drug, Kerr Drugs, Fay's Drugs , and some Rite Aid stores) were rebranded to
959-599: A group of stores that were divested because of trade competition issues raised during the merger.) On December 9, 1998, The New York Times reported JCPenney would acquire controlling interest of Lojas Renner for a little over $ 33 million, which increased the company's maneuvering ability with their already existing units in Chile, Mexico and Puerto Rico . In 1998, JCPenney launched its Internet store . Between 1995 and 1998, JCPenney entered Indonesia under partnership with Lippo Group (under their Multipolar investment arm) with
1096-483: A juniors clothing line) and the introduction of more skate/surf-oriented clothing, including Rusty, RS by Ryan Sheckler and 3rd Rail. In August, Albert Gonzalez 's defense lawyer announced JCPenney was a victim of a computer hacker , although the company stated that no customers' credit card information had been stolen. That year, JCPenney reached an agreement with Seattle's Best Coffee to feature full-service cafes within leased departments inside JCPenney stores across
1233-648: A major industry in Colorado. This period became known locally as the Carnation Gold Rush . Poor labor conditions and discontent among miners resulted in several major clashes between strikers and the Colorado National Guard , including the 1903–1904 Western Federation of Miners Strike and Colorado Coalfield War , the latter of which included the Ludlow massacre that killed a dozen women and children. Both
1370-531: A new Golden Rule store. Using money from savings and a loan, Penney joined the partnership and moved with his wife and infant son to Kemmerer, Wyoming , to start his own store. Penney opened the store on April 14, 1902. He participated in the creation of two more stores and purchased full interest in all three locations when Callahan and Johnson dissolved their partnership in 1907. In 1909, Penney moved his company headquarters to Salt Lake City , Utah to be closer to banks and railroads. By 1912, Penney had 34 stores in
1507-439: A planned closing a total of 242 stores. Since the initial filing, rumors of potential buyers included Amazon , Sycamore Partners , and a group consisting of Authentic Brands ( Forever 21 , Aeropostale , Barneys ), and mall owners Simon Property Group and Brookfield Properties. On July 8, JCPenney submitted their bankruptcy exit plan to existing lenders, and also requested more time for negotiations. On July 31, 2020, it
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#17328686216621644-530: A preview of an upcoming product line. In February 2008, the company launched the American Living brand, as developed by Ralph Lauren , across several product lines. The launch, which was accompanied by an ad campaign during the 80th Academy Awards , was the company's largest private brand launch. That summer, JCPenney also added a new brand to its home collection, Linden Street. The Linden Street brand features furniture, domestics, and home decor. Linden Street
1781-514: A prize at the Cannes Lions International Advertising Festival . The ad was criticized for seeming to promote teen sex. JCPenney denied that the ad was theirs and their advertising agency Saatchi & Saatchi reported that it had been created by a third-party vendor. It was entered in the competition by Epoch Films, who declined to comment. Marketing expert John Tantillo advised that the company distance itself from
1918-628: A rapid decline in the organization's power, with membership waning significantly by the end of the 1920s. Colorado became the first western state to host a major political convention when the Democratic Party met in Denver in 1908. By the U.S. census in 1930 , the population of Colorado first exceeded one million residents. Colorado suffered greatly through the Great Depression and the Dust Bowl of
2055-636: A significant portion of the extreme weather occurs in the least populated areas of the state. Thunderstorms are common east of the Continental Divide in the spring and summer, yet are usually brief. Hail is a common sight in the mountains east of the Divide and across the eastern Plains, especially the northeast part of the state. Hail is the most commonly reported warm-season severe weather hazard, and occasionally causes human injuries, as well as significant property damage. The eastern Plains are subject to some of
2192-417: A six-year, $ 1 billion deal with JCPenney to sell a line of affordable clothing, accessories, cosmetics, and perfumes ranging in price from $ 24 to $ 200. The move was considered controversial then as no other high-end designer up to that point in time had licensed their designs to a mid-price retailer. The line, named Halston III, would not last long, as it would be poorly received and discontinued after about
2329-551: A wave of millennials who are buying first-time homes. In February, JCPenney opened a support center in Bangalore , India. In January 2017, JCPenney sold its headquarters campus and surrounding land in Plano, Texas, to Dreien Opportunity Partners as a leaseback sale to maintain operations at the location. The land has since been broken up and sold and developed. Space inside the headquarters building has been subleased. Part of this land
2466-650: A year. However, the business move paved the way for other such high-end designers to sell their products at stores of varying price ranges in the future. In 1984, JCPenney acquired the First National Bank of Harrington, Delaware and renamed it J. C. Penney National Bank. With the acquisition of the bank, the company became able to issue its own Mastercard and Visa Inc. cards. The company also began accepting American Express cards. Also that year, Thrift Drug began co-locating stores with Weis Markets , and acquired many former Pantry Pride properties. In April 1987,
2603-617: Is a state in the Western United States . It is one of the Mountain states , sharing the Four Corners region with Arizona , New Mexico , and Utah . It is also bordered by Wyoming to the north, Nebraska to the northeast, Kansas to the east, and Oklahoma to the southeast. Colorado is noted for its landscape of mountains , forests , high plains , mesas , canyons , plateaus , rivers , and desert lands. It encompasses most of
2740-512: Is a mix of high plains, foothills, and mountains. Northwest and west Colorado are predominantly mountainous, with some desert lands mixed in. Southwest and southern Colorado are a complex mixture of desert and mountain areas. The climate of the Eastern Plains is semi-arid ( Köppen climate classification : BSk ) with low humidity and moderate precipitation, usually from 15 to 25 inches (380 to 640 millimeters) annually, although many areas near
2877-806: Is drained by the Colorado River. The South Park of Colorado is the region of the headwaters of the South Platte River. In south-central Colorado is the large San Luis Valley , where the headwaters of the Rio Grande are located. The northern part of the valley is the San Luis Closed Basin , an endorheic basin that helped created the Great Sand Dunes . The valley sits between the Sangre de Cristo Mountains and San Juan Mountains . The Rio Grande drains due south into New Mexico, Texas, and Mexico. Across
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#17328686216623014-659: Is flat and rolling land. East of the Rocky Mountains is the Colorado Eastern Plains of the High Plains , the section of the Great Plains within Colorado at elevations ranging from roughly 3,350 to 7,500 feet (1,020 to 2,290 m). The Colorado plains are mostly prairies but also include deciduous forests , buttes , and canyons. Precipitation averages 15 to 25 inches (380 to 640 mm) annually. Eastern Colorado
3151-533: Is generally accessed through artesian wells . Heavy usage of these wells for irrigation purposes caused underground water reserves to decline in the region. Eastern Colorado also hosts a considerable amount and range of livestock, such as cattle ranches and hog farms. Roughly 70% of Colorado's population resides along the eastern edge of the Rocky Mountains in the Front Range Urban Corridor between Cheyenne, Wyoming , and Pueblo, Colorado . This region
3288-739: Is higher than the high elevation points of 18 states and the District of Columbia. The Continental Divide of the Americas extends along the crest of the Rocky Mountains. The area of Colorado to the west of the Continental Divide is called the Western Slope of Colorado . West of the Continental Divide, water flows to the southwest via the Colorado River and the Green River towards the Gulf of California . Within
3425-521: Is known as "The Western Slope") are the cities of Grand Junction , Durango , and Montrose . Download coordinates as: To the west of the Great Plains of Colorado rises the eastern slope of the Rocky Mountains . Notable peaks of the Rocky Mountains include Longs Peak , Mount Blue Sky , Pikes Peak , and the Spanish Peaks near Walsenburg , in southern Colorado. This area drains to the east and
3562-459: Is more complex than states outside of the Mountain States region. Unlike most other states, southern Colorado is not always warmer than northern Colorado. Most of Colorado is made up of mountains, foothills, high plains, and desert lands. Mountains and surrounding valleys greatly affect the local climate. Northeast, east, and southeast Colorado are mostly the high plains, while Northern Colorado
3699-510: Is partially protected from prevailing storms that blow in from the Pacific Ocean region by the high Rockies in the middle of Colorado. The "Front Range" includes Denver, Boulder , Fort Collins , Loveland, Castle Rock , Colorado Springs, Pueblo, Greeley, and other townships and municipalities in between. On the other side of the Rockies, the significant population centers in western Colorado (which
3836-546: Is presently mainly farmland and rangeland, along with small farming villages and towns. Corn , wheat , hay , soybeans , and oats are all typical crops. Most villages and towns in this region boast both a water tower and a grain elevator . Irrigation water is available from both surface and subterranean sources. Surface water sources include the South Platte , the Arkansas River , and a few other streams. Subterranean water
3973-410: Is sold exclusively in JCPenney stores and through its website. Other brands for juniors and young men were launched that summer. They included a relaunch of Le Tigre , along with Decree, and Fabulosity, a junior line of clothing by Kimora Lee Simmons . In July 2009, new additions were made to the JCPenney young men's department, including an expansion of its private brand Decree (previously exclusively
4110-457: Is the highest point in Colorado and the Rocky Mountains of North America. Colorado is the only U.S. state that lies entirely above 1,000 meters elevation. The point where the Arikaree River flows out of Yuma County, Colorado , and into Cheyenne County, Kansas , is the lowest in Colorado at 3,317 feet (1,011 m) elevation. This point, which is the highest low elevation point of any state,
4247-557: Is today the State of Colorado has been inhabited by Native Americans and their Paleoamerican ancestors for at least 13,500 years and possibly more than 37,000 years. The eastern edge of the Rocky Mountains was a major migration route that was important to the spread of early peoples throughout the Americas. The Lindenmeier site in Larimer County contains artifacts dating from approximately 8720 BCE. The Ancient Pueblo peoples lived in
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4384-450: Is unclear whether she was fired or resigned. On January 1, 2021, Soltau was replaced by Simon Property's chief investment officer, Stanley Shashoua. On June 4, 2020, JCPenney released a list of 148 stores slated to close starting in late June 2020, with eleven additional store closures announced on June 22 and two additional stores on July 7, with the previously announced store closing locations remaining on hold pending further review, for
4521-432: Is very prone to droughts. Most of the precipitation comes from thunderstorms, which can be severe, and from major snowstorms that occur in the winter and early spring. Otherwise, winters tend to be mostly dry and cold. In much of the region, March is the snowiest month. April and May are normally the rainiest months, while April is the wettest month overall. The Front Range cities closer to the mountains tend to be warmer in
4658-496: The 79th Academy Awards in late February 2007. After JCPenney sold off Eckerd in 2004, the locations that continued to operate as Eckerd (some locations in the Southern U.S. were sold to CVS Corporation ) still had JCPenney Catalog Centers inside the stores (which was a carryover from locations that were once Thrift Drug ) and also continued to accept JCPenney credit cards. After Rite Aid finalized its acquisition of Eckerd in 2007,
4795-561: The Adams-Onís Treaty of 1819. The treaty took effect on February 22, 1821. Having settled its border with Spain, the U.S. admitted the southeastern portion of the Territory of Missouri to the Union as the state of Missouri on August 10, 1821. The remainder of Missouri Territory, including what would become northeastern Colorado, became an unorganized territory and remained so for 33 years over
4932-574: The Asiatic Squadron , where it was attacked during the 1871 Korean Expedition . The later three ships were named in honor of the state, including an armored cruiser and the battleship USS Colorado , the latter of which was the lead ship of her class and served in World War II in the Pacific beginning in 1941. At the time of the attack on Pearl Harbor , the battleship USS Colorado was located at
5069-507: The COVID-19 pandemic for its action. By June 17, JCPenney reopened approximately 827 stores; most of the 154 scheduled for permanent closure in 2020 were among those reopened, with final closing sales in progress. On June 22, JCPenney identified an additional 13 stores that would be permanently closed. On July 7, 2020, JCPenney announced that they would close two stores in New York City; one at
5206-547: The Great Lakes region to hunt across the High Plains of Colorado and Wyoming . The Spanish Empire claimed Colorado as part of Nuevo México . The U.S. acquired the territorial claim to the eastern Rocky Mountains with the Louisiana Purchase from France in 1803. This U.S. claim conflicted with the claim by Spain to the upper Arkansas River Basin . In 1806, Zebulon Pike led a U.S. Army reconnaissance expedition into
5343-830: The JCPenney style in advertising. 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. JCPenney reached its peak number of stores in 1973, with 2,053 stores, 300 of which were full-line establishments. However, the company was hard hit by the 1974 recession with its stock price declining by two-thirds. In 1977, J. C. Penney sold its four stores in Italy to Italian department store chain La Rinascente ; Penneys had opened in Italy in 1970 but left due to difficulties encountered when trying to expand in Italy and had only ever opened stores in
5480-583: The Lombardy region. In the same year they also closed down their unprofitable Supermarkets Interstate supermarket brand which operated in Treasury discount stores; however, the stores that were not in Treasury locations remained open. In 1978, the J. C. Penney Historic District in Kemmerer, Wyoming, was designated a U.S. National Historic Landmark . In 1979, JCPenney stores started accepting Visa cards. MasterCard
5617-634: The Manhattan Mall , which was closed immediately and the Kings Plaza store in Brooklyn, which closed on Sunday, September 27, 2020. On December 17, 2020, JCPenney announced that they would close 15 additional stores in March 2021. As of June 2021, there have been a total of 175 store closures. On December 30, 2020, it was announced that Jill Soltau would step down as CEO of JCPenney, effective December 31, 2020. It
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5754-696: The Provisional Government of the Territory of Jefferson on August 24, 1859, but this new territory failed to secure approval from the Congress of the United States embroiled in the debate over slavery. The election of Abraham Lincoln for the President of the United States on November 6, 1860, led to the secession of nine southern slave states and the threat of civil war among the states . Seeking to augment
5891-605: The Rocky Mountains was a major migration route for early peoples who spread throughout the Americas. In 1848, much of the Nuevo México region was annexed to the United States with the Treaty of Guadalupe Hidalgo . The Pike's Peak Gold Rush of 1858–1862 created an influx of settlers. On February 28, 1861, U.S. President James Buchanan signed an act creating the Territory of Colorado , and on August 1, 1876, President Ulysses S. Grant signed Proclamation 230 , admitting Colorado to
6028-632: The Sangre de Cristo Range to the east of the San Luis Valley lies the Wet Mountain Valley . These basins, particularly the San Luis Valley, lie along the Rio Grande rift , a major geological formation of the Rocky Mountains, and its branches. The Western Slope of Colorado includes the western face of the Rocky Mountains and all of the area to the western border. This area includes several terrains and climates from alpine mountains to arid deserts. The Western Slope includes many ski resort towns in
6165-699: The Southern Rocky Mountains , as well as the northeastern portion of the Colorado Plateau and the western edge of the Great Plains . Colorado is the eighth most extensive and 21st most populous U.S. state. The United States Census Bureau estimated the population of Colorado at 5,877,610 as of July 1, 2023, a 1.80% increase since the 2020 United States census. The region has been inhabited by Native Americans and their ancestors for at least 13,500 years and possibly much longer. The eastern edge of
6302-545: The Territory of New Mexico , and the Territory of Utah . On April 9, 1851, Hispano settlers from the area of Taos settled the village of San Luis , then in the New Mexico Territory , as Colorado's first permanent Euro-American settlement , further cementing the traditions of New Mexican cuisine and New Mexico music in the developing Southern Rocky Mountain Front . In 1854, Senator Stephen A. Douglas persuaded
6439-574: The U.S. Congress to divide the unorganized territory east of the Continental Divide into two new organized territories, the Territory of Kansas and the Territory of Nebraska , and an unorganized southern region known as the Indian Territory . Each new territory was to decide the fate of slavery within its boundaries, but this compromise merely served to fuel animosity between free soil and pro-slavery factions. The gold seekers organized
6576-542: The Union as the 38th state. The Spanish adjective "colorado" means "colored red" or "ruddy". Colorado is nicknamed the " Centennial State " because it became a state 100 years (and four weeks) after the signing of the United States Declaration of Independence . Denver is the capital, the most populous city , and the center of the Front Range Urban Corridor . Colorado Springs is the second most populous city of
6713-448: The Union cause. In 1862, a force of Texas cavalry invaded the Territory of New Mexico and captured Santa Fe on March 10. The object of this Western Campaign was to seize or disrupt Colorado and California's gold fields and seize Pacific Ocean ports for the Confederacy. A hastily organized force of Colorado volunteers force-marched from Denver City, Colorado Territory , to Glorieta Pass , New Mexico Territory, in an attempt to block
6850-432: The Ute Indian reservation in southwestern Colorado. The Ute people were removed from the San Juan Mountains the following year. The United States Congress passed an enabling act on March 3, 1875, specifying the requirements for the Territory of Colorado to become a state. On August 1, 1876 (four weeks after the Centennial of the United States ), U.S. President Ulysses S. Grant signed a proclamation admitting Colorado to
6987-417: The free Territory of Colorado . The original boundaries of Colorado remain unchanged except for government survey amendments. In 1776, Spanish priest Silvestre Vélez de Escalante recorded that Native Americans in the area knew the river as el Rio Colorado for the red-brown silt that the river carried from the mountains. In 1859, a U.S. Army topographic expedition led by Captain John Macomb located
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#17328686216627124-404: The question of slavery . After 11 years of war, Spain finally recognized the independence of Mexico with the Treaty of Córdoba signed on August 24, 1821. Mexico eventually ratified the Adams–Onís Treaty in 1831. The Texian Revolt of 1835–36 fomented a dispute between the U.S. and Mexico which eventually erupted into the Mexican–American War in 1846. Mexico surrendered its northern territory to
7261-427: The 1913–1914 Coalfield War and the Denver streetcar strike of 1920 resulted in federal troops intervening to end the violence. In 1927, the 1927-28 Colorado coal strike occurred and was ultimately successful in winning a dollar a day increase in wages. During it however the Columbine Mine massacre resulted in six dead strikers following a confrontation with Colorado Rangers . In a separate incident in Trinidad
7398-404: The 1930s, but a major wave of immigration following World War II boosted Colorado's fortune. Tourism became a mainstay of the state economy, and high technology became an important economic engine. The United States Census Bureau estimated that the population of Colorado exceeded five million in 2009. On September 11, 1957, a plutonium fire occurred at the Rocky Flats Plant , which resulted in
7535-509: The 1960s, JCPenney expanded to include Alaska, Hawaii, and Puerto Rico. Stores were opened in Anchorage and Fairbanks , Alaska in 1962, followed by Honolulu , Hawaii in 1966, and Puerto Rico in 1968. The Penney Building in Anchorage partially collapsed and was damaged beyond repair in the 1964 Alaska earthquake . The company rebuilt the store as a shorter building on a larger footprint and followed up by building Anchorage's first public parking garage, which opened in 1968. The Honolulu store
7672-511: The 1960s, the chain began relocating and developing stores to anchor the malls. In recent years, JCP has opened stores in power centers , as well as stand-alone stores, sometimes adjacent to competitors. The company has been an Internet retailer since 1998, and it has streamlined its catalog and distribution while undergoing renovation improvements at store level. After filing for Chapter 11 bankruptcy protection in May 2020, Brookfield Asset Management and Simon Property Group agreed to purchase
7809-422: The 1980s JCPenney's also stopped selling outdoor equipment and hardware such as lawn mowers and tools. Construction on the new company headquarters in Plano, Texas broke ground in 1990 and were completed in 1992. When Sears closed its catalog business in 1993, JCPenney became the largest catalog retailer in the United States. In 1995 the chain expanded to Chile with a store in the capital, Santiago . In 1995,
7946-418: The Ambrielle lingerie label, which became its largest private brand launched in the company's history. JCPenney also re-introduced cosmetics with the opening of Sephora " stores-within-a-store " inside some JCPenney locations. Beginning in 2007, JCPenney's store slogan changed from "It's All Inside" to "Every Day Matters." The new slogan and associated ad campaign was launched in television commercials during
8083-412: The Catalog Centers inside the soon-to-be-converted stores permanently closed. Although as a result of the acquisition, Rite Aid now accepts JCPenney credit cards, even at Rite Aid locations that existed before the acquisition of Eckerd. In November 2007, the company launched a new public website, JCPenneyBrands.com, which covers the company's private and exclusive brands and its branding strategy, as well as
8220-399: The Eckerd chain to CVS Corporation and Jean Coutu Group for a total of $ 4.5 billion (~$ 6.96 billion in 2023). CVS acquired 1,271 Eckerd stores, and support facilities, in Florida, Texas, and other Southern states, as well as Eckerd's pharmacy benefits management and mail order businesses, for $ 2.15 billion. Jean Coutu Group acquired the remaining 1,540 stores, and support facilities, in
8357-399: The Eckerd name. JCPenney Catalog Centers were added to Eckerd stores. JCPenney also bought more than 500 more stores from four other chains in New York state, Virginia and the Carolinas , such as the 1998 acquisition of the 141-store Genovese chain in the New York metropolitan area. These stores were renamed in 2003. During this period, Eckerd became the second largest drug store chain in
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#17328686216628494-399: The Eckerd stores located in Colorado ; however, CVS opted to close these stores. As a condition of the sale, CVS accepted JCPenney's store credit card until July 2014. Jean Coutu merged the Eckerd stores it acquired with its existing American pharmacy, Brooks. The merged company was based at Brooks' corporate headquarters in Warwick, Rhode Island . The Eckerd and Brooks chains shared many of
8631-399: The Green River briefly crosses over into Colorado. The Western Slope of Colorado is drained by the Colorado River and its tributaries (primarily the Gunnison River , Green River , and the San Juan River ). The Colorado River flows through Glenwood Canyon , and then through an arid valley made up of desert from Rifle to Parachute , through the desert canyon of De Beque Canyon , and into
8768-522: The Northeast and mid-Atlantic (essentially everything from Georgia northward) for $ 2.375 billion. The locations acquired by CVS were converted to CVS Pharmacies in late 2004 and 2005, eliminating the Eckerd name from markets such as Florida, Texas , Oklahoma , Louisiana , and Mississippi , which were historically the chain's strongholds. Even a few brand-new locations in Florida, Texas and Arizona were transformed into CVS almost as quickly as they were built as Eckerd stores. The CVS purchase also included
8905-434: The Rocky Mountain States. In 1913, all stores were consolidated under the J. C. Penney banner. The so-called "mother store", in Kemmerer, opened as the chain's second location in 1904. In 1913, the company was incorporated under the new name, J. C. Penney Company, with William Henry McManus as a co-founder. In 1914, the headquarters was moved to New York City to simplify buying, financing, and transportation of goods. By 1917,
9042-409: The Rocky Mountains and towns west to Utah. It is less populous than the Front Range but includes a large number of national parks and monuments. The northwestern corner of Colorado is a sparsely populated region, and it contains part of the noted Dinosaur National Monument , which not only is a paleontological area, but is also a scenic area of rocky hills, canyons, arid desert, and streambeds. Here,
9179-431: The Simon and Brookfield retail portfolio, therefore superseding and annulling previous agreements for Sephora to leave JCPenney in favor of Kohl's. The company returned to its Plano, Texas, headquarters in July 2023. The reopened headquarters contains over 2,000 workers and occupies three floors. In June 2008, an ad called "Speed Dressing" emerged ending with the JCPenney logo and slogan "Every Day Matters". The ad won
9316-527: The Southwestern United States. In 1864, Territorial Governor John Evans appointed the Reverend John Chivington as Colonel of the Colorado Volunteers with orders to protect white settlers from Cheyenne and Arapaho warriors who were accused of stealing cattle. Colonel Chivington ordered his troops to attack a band of Cheyenne and Arapaho encamped along Sand Creek. Chivington reported that his troops killed more than 500 warriors. The militia returned to Denver City in triumph, but several officers reported that
9453-421: The Territory. The Union Pacific linked up with the Central Pacific Railroad at Promontory Summit, Utah , on May 10, 1869, to form the First transcontinental railroad . The Denver Pacific Railway reached Denver in June of the following year, and the Kansas Pacific arrived two months later to forge the second line across the continent. In 1872, rich veins of silver were discovered in the San Juan Mountains on
9590-466: The Texans. On March 28, the Coloradans and local New Mexico volunteers stopped the Texans at the Battle of Glorieta Pass , destroyed their cannon and supply wagons, and dispersed 500 of their horses and mules. The Texans were forced to retreat to Santa Fe. Having lost the supplies for their campaign and finding little support in New Mexico, the Texans abandoned Santa Fe and returned to San Antonio in defeat. The Confederacy made no further attempts to seize
9727-408: The U.S. with the Treaty of Guadalupe Hidalgo after the war in 1848; this included much of the western and southern areas of Colorado. Most American settlers first traveled to Colorado through the Santa Fe Trail , which connected the U.S. to Santa Fe and the Camino Real de Tierra Adentro southward. Others were traveling overland west to the Oregon Country , the new goldfields of California , or
9864-598: The U.S., with over 2,800 stores stretching from New York and Connecticut to Florida and west to Arizona. One carryover from the Thrift Drug days after the merger took over was the presence of JCPenney Catalog Centers inside certain locations, which enabled Eckerd customers to order merchandise from store catalogs and pick it up at an Eckerd location. As technology, such as ordering over the Internet, began to gain traction, Eckerd fell behind by failing to update its IT networks. Over
10001-461: The Union as the 38th state and earning it the moniker "Centennial State". The discovery of a major silver lode near Leadville in 1878 triggered the Colorado Silver Boom . The Sherman Silver Purchase Act of 1890 invigorated silver mining, and Colorado's last, but greatest, gold strike at Cripple Creek a few months later lured a new generation of gold seekers. Colorado women were granted
10138-765: The Western Slope can be found at Colorado Mesa University in Grand Junction, Western Colorado University in Gunnison, Fort Lewis College in Durango, and Colorado Mountain College in Glenwood Springs and Steamboat Springs. The Four Corners Monument in the southwest corner of Colorado marks the common boundary of Colorado, New Mexico , Arizona , and Utah ; the only such place in the United States. The climate of Colorado
10275-502: The Western Slope. Grand Junction and Durango are the only major centers of television broadcasting west of the Continental Divide in Colorado, though most mountain resort communities publish daily newspapers. Grand Junction is located at the juncture of Interstate 70 and US 50, the only major highways in western Colorado. Grand Junction is also along the major railroad of the Western Slope, the Union Pacific . This railroad also provides
10412-753: The acquisition of General Merchandise Company which gave them The Treasury stores. These discount operations proved unsuccessful and were shuttered in 1981. In 1963, J. C. Penney issued its first catalog. The company operated in-store catalog desks in eight states. The catalogs were distributed by the Milwaukee Catalog distribution center. In 1969, the company acquired Thrift Drug , a chain of drugstores headquartered in Pittsburgh , Pennsylvania. It also acquired Supermarkets Interstate , an Omaha -based food retailer which operated leased departments in J. C. Penney stores, The Treasury stores, and Thrift Drug stores. In
10549-612: The alpine snow melts by mid-August except for a few snow-capped peaks and a few small glaciers. The Colorado Mineral Belt , stretching from the San Juan Mountains in the southwest to Boulder and Central City on the front range, contains most of the historic gold- and silver-mining districts of Colorado. The 30 highest major summits of the Rocky Mountains of North America are all within the state. The summit of Mount Elbert at 14,437.6 feet (4,400.58 m) elevation in Lake County
10686-516: The arid desert of Grand Valley , where the city of Grand Junction is located. Also prominent is the Grand Mesa , which lies to the southeast of Grand Junction; the high San Juan Mountains, a rugged mountain range; and to the north and west of the San Juan Mountains, the Colorado Plateau . Grand Junction, Colorado , at the confluence of the Colorado and Gunnison Rivers, is the largest city on
10823-493: The boundaries of the new Territory of Colorado exclusively by lines of latitude and longitude , stretching from 37°N to 41°N latitude, and from 102°02′48″W to 109°02′48″W longitude ( 25°W to 32°W from the Washington Meridian ). After 163 years of government surveys, the borders of Colorado were officially defined by 697 boundary markers and 697 straight boundary lines . Colorado, Wyoming , and Utah are
10960-414: The branding JCPenney Collections , also used by multiple international JCPenney branches across Asia during the decade. This type of JCPenney store only featured fashion for men, women and kids. During its tenure, JCPenney opened two flagship stores: in 1995 on the upper ground level of Lippo Supermal (now Supermal Karawaci), and in 1996 on the upper ground and first level of Mal Taman Anggrek . Aside from
11097-681: The chain expanded to North Carolina and later Florida. Jack Eckerd , son of the founder, was responsible for the expansion of the company when he acquired three stores in Florida in 1952. In 1961, Eckerd changed from a proprietorship to a publicly owned company . At the height of Eckerd's success, it had over 2,800 stores in more than 20 states, including 1,600 stores with Eckerd Express Photo one-hour photo labs in 19 states, and revenue of $ 13.1 billion (~$ 22 billion in 2023) in fiscal year 2000. Between 1968 and 1985, Eckerd owned Eckerd's Apparel and J. Byrons department stores, as well as VideoConcepts,
11234-634: The commercial and also shed the publicity it engendered. Beginning with the Marathon Hats line, JCPenney has introduced multiple private brands, partially in response to suppliers denying access to expected inventories. JCPenney locations that are listed on the National Register of Historic Places (NRHP): Colorado Colorado ( / ˌ k ɒ l ə ˈ r æ d oʊ , - ˈ r ɑː d oʊ / KOL -ə- RAD -oh, - RAH -doh , other variants; Spanish: [koloˈɾaðo] )
11371-425: The company announced it would cut 360 jobs at its stores and corporate headquarters. The company lowered its earnings forecast for the year to 13 cents per share at best, and said it could lose as much as 7 cents. JCPenney finished the quarter with just $ 181 million in cash, down from $ 363 million a year ago. Much of the big decrease was because of a $ 190 billion debt replace. On May 22, JCPenney announced
11508-493: The company announced that it was moving its headquarters to Plano, Texas . After several years of development, the JCPenney Television Shopping Channel appeared on cable systems beginning in 1989. By the mid-1980s, all JCPenney stores had discontinued sales of firearms. Before this point, JCPenney carried rifles and shotguns branded as JCPenney but produced by numerous established firearms manufacturers. In
11645-903: The company emerges from bankruptcy it is poised to save nearly 60,000 jobs, according to various independent studies. The company was paying $ 2.45 million in monthly rent at the time it sold its headquarters offices in Plano, Texas in 2017; the location was permanently vacated in November 2020. In October 2021, the company opened 10 new shop-in-shop locations across the US, featuring a wide variety of brands, including indie and BIPOC brands, including flagship partner Thirteen Lune . Marc Rosen became CEO in 2021. In April 2022, JCPenney's owners—Simon and Brookfield—offered $ 8.6 billion to purchase Kohl's . Sephora had already announced plans to contract exclusively with Kohl's by 2023, and had piloted Sephora Inside Kohls at select store locations. With this deal, Sephora would remain affiliated with, and under control of,
11782-846: The company for approximately $ 800 million in cash and debt in September 2020. The deal was approved by the U.S. bankruptcy court for the Southern District of Texas two months later. James Cash Penney was born in Hamilton, Missouri . After graduating from high school, Penney worked for a local retailer. He relocated to Colorado at the advice of a doctor, hoping that a better climate would improve his health. In 1898, Penney went to work for Thomas Callahan and Guy Johnson, who owned dry goods stores called Golden Rule stores in Colorado and Wyoming. In 1899, Callahan sent Penney to Evanston, Wyoming , to work with Johnson in another Golden Rule store. Callahan and Johnson asked Penney to join them in opening
11919-526: The company on retail. In 2003, the company opened three stores in strip centers in Texas , Minnesota and Indiana . The new one-level, 94,000 sq ft (8,700 m ) format stores focus on convenience with wider aisles and centralized checkouts. In 2004, the company added 14 more stores and exited the drug store division after 35 years, with the sale of its Eckerd division. The company also sold its six Mexico stores to Grupo Carso , which rebranded five of
12056-580: The company operated 175 stores in 22 states in the United States. J. C. Penney acquired The Crescent Corset Company in 1920, the company's first wholly owned subsidiary. In 1922, the company's oldest active private brand, Big Mac work clothes, was launched. The company opened its 500th store in 1924 in Hamilton, Missouri, James Cash Penney's hometown. By the opening of the 1,000th store in 1928, gross business had reached $ 190 million (equivalent to $ 3.37 billion in 2024). In 1940, Sam Walton began working at
12193-651: The company's bankruptcy filings. JCPenney Penney OpCo LLC , doing business as JCPenney and often abbreviated JCP , is an American department store chain that operates 656 stores across 49 U.S. states and Puerto Rico. Departments inside JCPenney stores include Men's, Women's, Boys', Girls', Baby, Bedding, Home, Fine Jewelry, Shoes, Lingerie, JCPenney Salon , JCPenney Beauty , as well as leased departments such as Seattle's Best Coffee , US Vision optical centers, and Lifetouch portrait studios. Most JCPenney stores were initially located in downtown areas, but, as shopping malls grew in popularity during
12330-625: The confluence of the Green River with the Grand River in what is now Canyonlands National Park in Utah . The Macomb party designated the confluence as the source of the Colorado River. On April 12, 1861, South Carolina artillery opened fire on Fort Sumter to start the American Civil War . While many gold seekers held sympathies for the Confederacy , the vast majority remained fiercely loyal to
12467-436: The country. Seattle's Best Coffee is still expanding café locations within JCPenney locations across the country. In 2010, Vornado Realty Trust acquired a 9.9% stake in JCPenney but sold it in 2013 for $ 13.00 per share. On January 24, 2011, JCPenney shut down its catalog business and 19 outlet stores. Seven additional stores and two call centers also closed. On February 12, 2011, The New York Times revealed that JCPenney
12604-466: The disputed region. Colonel Pike and his troops were arrested by Spanish cavalrymen in the San Luis Valley the following February, taken to Chihuahua , and expelled from Mexico the following July. The U.S. relinquished its claim to all land south and west of the Arkansas River and south of 42nd parallel north and west of the 100th meridian west as part of its purchase of Florida from Spain with
12741-543: The drug store business was expanded with the acquisition of Kerr Drug and again in 1996 with the purchase of Fay's Drug . Then in November 1996 they acquired the Eckerd chain. Fay's, Kerr, and Eckerd merged into J. C. Penney's drug store subsidiary Thrift Drug. Fay's, most Kerr, and Thrift drug stores were re-branded Eckerd in 1997. (Kerr Drug stores in The Carolinas remained branded as such because they were part of
12878-526: The entire Great Basin and all lands drained by the rivers Green , Grand , and Colorado . The federal government of the U.S. flatly refused to recognize the new Mormon government because it was theocratic and sanctioned plural marriage . Instead, the Compromise of 1850 divided the Mexican Cession and the northwestern claims of Texas into a new state and two new territories, the state of California ,
13015-512: The following business day. On March 18, JCPenney announced all retail stores would temporarily close in response to the global COVID-19 pandemic until April 2. On March 31, JCPenney announced an extension of the planned April 2 reopening, with a new date not possible to be determined at the time. On May 1, JCPenney announced a limited number of stores would reopen. On May 15, 2020, JCPenney filed for Chapter 11 bankruptcy and announced that there would be an additional 242 store closings, blaming
13152-513: The fourth major national retailer to file for bankruptcy in May 2020. Days earlier, it was reported in a regulatory filing that JCPenney would give bonuses totaling nearly $ 10 million to the company's senior managers, which included $ 4.5 million to CEO Jill Soltau . After 91 years, it was delisted from the New York Stock Exchange on May 18, 2020, and started trading over-the-counter
13289-479: The infamous Columbine High School massacre in 1999 which made international news, where two gunmen killed 12 students and one teacher, before committing suicide. The incident has spawned many copycat incidents . On July 20, 2012, a gunman killed 12 people in a movie theater in Aurora . The state responded with tighter restrictions on firearms, including introducing a limit on magazine capacity. On March 22, 2021,
13426-567: The interior of the Rocky Mountains are several large parks which are high broad basins. In the north, on the east side of the Continental Divide is the North Park of Colorado . The North Park is drained by the North Platte River , which flows north into Wyoming and Nebraska. Just to the south of North Park, but on the western side of the Continental Divide, is the Middle Park of Colorado , which
13563-617: The local and state Democrat and Republican parties , particularly in the governor's office and city governments of Denver, Cañon City , and Durango . A particularly strong element of the Klan controlled the Denver Police . Cross burnings became semi-regular occurrences in cities such as Florence and Pueblo. The Klan targeted African-Americans, Catholics , Eastern European immigrants, and other non-White Protestant groups. Efforts by non-Klan lawmen and lawyers including Philip Van Cise led to
13700-779: The mall that same month (having to close down for a period of time due to damage caused by arson in other sections of the mall). Currently, the previous stores are occupied by H&M at Supermal Karawaci and Matahari Department Store at Mal Taman Anggrek respectively. JCPenney left Chile in 1999, after five years in the country it closed down its home store and sold its main store in Santiago to Almacenes Paris . The stores were closed due to low profitability and high expenses. 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 $ 2.24 billion in 2024) in cash to help refocus
13837-673: The mayor was accused of deputizing members of the KKK against the striking workers. More than 5,000 Colorado miners—many immigrants—are estimated to have died in accidents since records were first formally collected following an 1884 accident in Crested Butte that killed 59. In 1924, the Ku Klux Klan Colorado Realm achieved dominance in Colorado politics. With peak membership levels, the Second Klan levied significant control over both
13974-542: The midst and aftermath of the Civil War, many discouraged prospectors returned to their homes, but a few stayed and developed mines, mills, farms, ranches, roads, and towns in Colorado Territory. On September 14, 1864, James Huff discovered silver near Argentine Pass , the first of many silver strikes. In 1867, the Union Pacific Railroad laid its tracks west to Weir, now Julesburg , in the northeast corner of
14111-516: The naval base in San Diego, California, and thus went unscathed. The most recent vessel to bear the name USS Colorado is Virginia-class submarine USS Colorado (SSN-788) , which was commissioned in 2018. Colorado is notable for its diverse geography, which includes alpine mountains, high plains, deserts with huge sand dunes, and deep canyons. In 1861, the United States Congress defined
14248-788: The new Mormon settlements of the State of Deseret in the Salt Lake Valley , avoided the rugged Southern Rocky Mountains , and instead followed the North Platte River and Sweetwater River to South Pass (Wyoming) , the lowest crossing of the Continental Divide between the Southern Rocky Mountains and the Central Rocky Mountains. In 1849, the Mormons of the Salt Lake Valley organized the extralegal State of Deseret , claiming
14385-456: The next seven years JCPenney came to see Eckerd as a distraction which would cost too much to continue fixing (as they were focused on their department stores), and in March 2004 it formally declared that it would carry Eckerd on its books as a discontinued asset. JCPenney took a $ 1.3-billion charge against earnings in connection with selling the drugstore chain, which had accounted for 45 percent of its annual revenues. In July 2004, JCPenney sold
14522-473: The only states that have their borders defined solely by straight boundary lines with no natural features. The southwest corner of Colorado is the Four Corners Monument at 36°59′56″N , 109°2′43″W . The Four Corners Monument , located at the place where Colorado, New Mexico , Arizona , and Utah meet, is the only place in the United States where four states meet. Approximately half of Colorado
14659-620: The plains and into the foothills, there is a wide variety of climate types. Locations merely a few miles apart can experience entirely different weather depending on the topography. Most valleys have a semi-arid climate, not unlike the eastern plains, which transitions to an alpine climate at the highest elevations. Microclimates also exist in local areas that run nearly the entire spectrum of climates, including subtropical highland ( Cfb/Cwb ), humid subtropical ( Cfa ), humid continental ( Dfa/Dfb ), Mediterranean ( Csa/Csb ) and subarctic ( Dfc ). Extreme weather changes are common in Colorado, although
14796-561: The political power of the Union states , the Republican Party -dominated Congress quickly admitted the eastern portion of the Territory of Kansas into the Union as the free State of Kansas on January 29, 1861, leaving the western portion of the Kansas Territory, and its gold-mining areas, as unorganized territory. Thirty days later on February 28, 1861, outgoing U.S. President James Buchanan signed an Act of Congress organizing
14933-444: The population of Colorado resides, lies in a pronounced precipitation shadow as a result of being on the lee side of the Rocky Mountains. In summer, this area can have many days above 95 °F (35 °C) and often 100 °F (38 °C). On the plains, the winter lows usually range from 25 to −10 °F (−4 to −23 °C). About 75% of the precipitation falls within the growing season, from April to September, but this area
15070-561: The resignation of their CEO, Marvin Ellison. On October 2, JCPenney announced former Jo-Ann Stores CEO Jill Soltau as their CEO, effective October 15. With the announcement, JCPenney's shares rose 9%. The company ranked 235 on the Fortune 500 list of the largest United States corporations by revenue. She has also brought new talent and has cleaned out inventory. On December 26, the stock price of JCPenney (NYSE: JCP) fell below $ 1 per share. This
15207-483: The right to vote on November 7, 1893, making Colorado the second state to grant universal suffrage and the first one by a popular vote (of Colorado men). The repeal of the Sherman Silver Purchase Act in 1893 led to a staggering collapse of the mining and agricultural economy of Colorado, but the state slowly and steadily recovered. Between the 1880s and 1930s, Denver's floriculture industry developed into
15344-405: The rivers are semi-humid climate. The area is known for its abundant sunshine and cool, clear nights, which give this area a great average diurnal temperature range . The difference between the highs of the days and the lows of the nights can be considerable as warmth dissipates to space during clear nights, the heat radiation not being trapped by clouds. The Front Range urban corridor, where most of
15481-527: The same corporate functions. Jean Coutu operated the stores it purchased under the slightly modified "Eckerd Pharmacy" name and logo, featuring a red Eckerd capsule in an attempt to unify the Eckerd and Brooks chains. On August 23, 2006, The Wall Street Journal announced that Rite Aid would acquire 1,858 Eckerd Pharmacy and Brooks Pharmacy stores from Jean Coutu for US$ 3.4 billion (~$ 4.94 billion in 2023). The deal closed on June 4, 2007. Rite Aid announced that
15618-471: The significant plutonium contamination of surrounding populated areas. From the 1940s and 1970s, many protest movements gained momentum in Colorado, predominantly in Denver. This included the Chicano Movement , a civil rights , and social movement of Mexican Americans emphasizing a Chicano identity that is widely considered to have begun in Denver. The National Chicano Youth Liberation Conference
15755-477: The so-called battle was a blatant massacre of Indians at peace, that most of the dead were women and children, and that the bodies of the dead had been hideously mutilated and desecrated. Three U.S. Army inquiries condemned the action, and incoming President Andrew Johnson asked Governor Evans for his resignation, but none of the perpetrators was ever punished. This event is now known as the Sand Creek massacre . In
15892-643: The southeast, ultimately either via the Mississippi River or the Rio Grande into the Gulf of Mexico . The Rocky Mountains within Colorado contain 53 true peaks and 58 named peaks that are 14,000 feet (4,267 m) or higher in elevation above sea level, known as fourteeners . These mountains are largely covered with trees such as conifers and aspens up to the tree line , at an elevation of about 12,000 feet (3,658 m) in southern Colorado to about 10,500 feet (3,200 m) in northern Colorado. Above this tree line, only alpine vegetation grows. Much of
16029-456: The state. Residents of the state are known as Coloradans , although the antiquated "Coloradoan" is occasionally used. Major parts of the economy include government and defense, mining, agriculture , tourism, and increasingly other kinds of manufacturing. With increasing temperatures and decreasing water availability, Colorado's agriculture forestry, and tourism economies are expected to be heavily affected by climate change . The region that
16166-491: The stock market, issuing 84 million shares amid declining margins and a return to promotional pricing strategies. In January 2015, it was announced that JCPenney would close 39 under-performing stores nationwide and lay off 2,250 employees. That same year, the company announced that it was liquidating its The Foundry Big & Tall Supply Co. chain of standalone clothing stores. In January 2016, JCPenney announced plans to relaunch its business of selling major appliances to target
16303-600: The stores as Dorian's and the other one as Sears Mexico . In 2005, JCPenney's e-commerce storefront exceeded the one billion dollar revenue mark for the first time. At the same time in June, the company would sell off its shares of Lojas Renner, the Brazilian-based retailer, generating $ 260 million from the sale as it discontinued its operations with Renner and its Latin American footholds as well. In 2007, JCPenney launched
16440-517: The stores received new paint on their exteriors, making them look more like brick than the white stucco design of most Eckerd locations. Eckerd's remaining JCPenney Catalog Centers were closed in favor of Rite Aid choosing to accept JCPenney charge cards chainwide including stores that were not former Eckerd locations . In 2023, Rite Aid filed for Chapter 11 bankruptcy amid several opioid lawsuits and declining sales. Eckerd Corporation had remained an active in-name-only subsidiary of Rite Aid, as shown in
16577-495: The tracks for Amtrak 's California Zephyr passenger train, which crosses the Rocky Mountains between Denver and Grand Junction. The Western Slope includes multiple notable destinations in the Colorado Rocky Mountains, including Glenwood Springs , with its resort hot springs, and the ski resorts of Aspen , Breckenridge , Vail , Crested Butte , Steamboat Springs , and Telluride . Higher education in and near
16714-457: The two chains would be converted to the Rite Aid name, retiring the 109-year-old Eckerd banner. The merger was signed and completed as of June 4, 2007; all remaining Eckerd stores converted to Rite Aid by the end of September 2007. The conversion process consisted of two steps: new computer systems, and a full PPR (paint, powder, re-set) which consisted of new signage and a new design scheme. Many of
16851-728: The two, JCPenney also opened smaller stores under the JCPenney Collections name in a few malls such as Plaza Blok M . All stores of JCPenney Collections in Indonesia started planning to close down due to 1997 Asian financial crisis – with the JCPenney Collections store in Taman Anggrek closed in December 1997, and the May 1998 riots – with the Lippo Supermal store looted by mass and also exiting
16988-681: The valleys and mesas of the Colorado Plateau in far southwestern Colorado. The Ute Nation inhabited the mountain valleys of the Southern Rocky Mountains and the Western Rocky Mountains , even as far east as the Front Range of the present day. The Apache and the Comanche also inhabited the Eastern and Southeastern parts of the state. In the 17th century, the Arapaho and Cheyenne moved west from
17125-467: The winter due to Chinook winds which warms the area, sometimes bringing temperatures of 70 °F (21 °C) or higher in the winter. The average July temperature is 55 °F (13 °C) in the morning and 90 °F (32 °C) in the afternoon. The average January temperature is 18 °F (−8 °C) in the morning and 48 °F (9 °C) in the afternoon, although variation between consecutive days can be 40 °F (22 °C). Just west of
17262-501: Was accepted the following year. In 1980, the company closed the unprofitable Treasury discount stores to focus resources on its core retail stores. In 1983, JCPenney discontinued its appliance, hardware, outdoor equipment, and auto center departments, and also sold its automotive centers to Firestone. Also in 1983, it began selling goods online through the Viewtron videotex service. That same year, fashion designer Roy Halston , signed
17399-494: Was announced that 21 stores, including the "Mother Store" in Kemmerer, Wyoming , would be auctioned off as part of the proceedings. On September 9, 2020, Brookfield Property Partners and Simon Property Group agreed to purchase JCPenney for about $ 800 million, including $ 300 million in cash and assuming $ 500 million of debt, which was later approved by the court on November 10, 2020. It had been established that once
17536-412: Was dedicated at Greater Chicago's Woodfield Mall in 1971. The Woodfield Mall store served as the largest in the chain until a replacement store opened at Plaza Las Américas in 1998, which is 350,000 square feet (33,000 m ) in size. On February 12, 1971, James Cash Penney died at the age of 95; the company's stores were closed the morning of his funeral on February 16. That year, the company adopted
17673-545: Was founded in September 1898 (making it the oldest of the "big four" drugstore chains), by 27-year-old Joseph Milton Eckerd and Z. Tatom in Erie, Pennsylvania . In the company's early years, it operated at 1105 State Street in downtown Erie as the Erie Cut-Rate Medicine Store. In 1912, Eckerd and Tatom sold their original store to Eckerd's sons and moved to Wilmington, Delaware , establishing a new store. From Delaware ,
17810-438: Was held in Colorado in March 1969. In 1967, Colorado was the first state to loosen restrictions on abortion when governor John Love signed a law allowing abortions in cases of rape, incest, or threats to the woman's mental or physical health. Many states followed Colorado's lead in loosening abortion laws in the 1960s and 1970s. Since the late 1990s, Colorado has been the site of multiple major mass shootings , including
17947-466: Was located at Ala Moana Center , and closed in 2003, along with all remaining locations in the state, making Hawaii the only U.S. state to not currently have a JCPenney store. The Penney store at Plaza Las Américas mall in San Juan, Puerto Rico , which opened in 1968, featured three levels and 261,500 square feet (24,290 m ). It was the largest JCPenney until a 300,000-square-foot (28,000 m ) store
18084-596: Was located at Black Horse Pike Center in Audubon, New Jersey . The second full-line shopping center store was dedicated, at King of Prussia Plaza in King of Prussia, Pennsylvania in late 1962. Those stores expanded the lines of merchandise and services that an average J. C. Penney carried to include appliances, sporting goods, tools, garden\lawn merchandise, restaurants, beauty salons, portrait studios, auto parts, and auto centers. In 1962, J. C. Penney entered discount merchandising with
18221-519: Was paired with news that the retailer had suffered a 4% decline in same-store sales during the 2018 holiday quarter. On March 26, JCPenney announced the hiring of Bill Wofford as chief financial officer. Wofford came to the company from The Vitamin Shoppe , where he had served as CFO since June 2018. On May 21, JCPenney announced that Shawn Gensch would be the chief customer officer , to take effect on June 3. Gensch comes from Sprouts Farmers Market where he
18358-813: Was sold to where the current Toyota North America headquarters is now located. In February, JCPenney announced that it would shutter two distribution centers and up to 140 under-performing stores as it wrestled with disappointing sales. The company also planned to offer buyouts to roughly 6,000 employees. On March 17, JCPenney released a list of 138 locations that would close by the end of June. By closing stores and distribution facilities, JCPenney would redirect resources to help expand its store-in-store Sephora boutiques, and add Nike and Adidas boutiques, similar to what Macy's has done with Finish Line , Lids and LensCrafters . In an effort to capitalize on self-deprecating humor and improve its reputation, JCPenney collaborated with Nicole Richie and other designers to open
18495-698: Was the first time shares fell below $ 1 ever in the 110-year history of the company, which started trading on the New York Stock Exchange in 1929. The stock fell 68% over the course of 2018, including a 30% drop in December 2018 alone. On February 6, 2019, JCPenney said it would stop selling major appliances on February 28, and that furniture would be limited to online and stores in Puerto Rico. On February 28, JCPenney announced its intent to close 27 stores in 2019, including 18 full-line department stores and nine home-and-furniture stores. The closure announcement
18632-413: Was their CCO. Also on May 21, JCPenney announced a net sales decline of 5.6% and a net loss of $ 154 million for its fiscal first quarter of 2019, which ended on May 5. On January 19, 2020, JCPenney announced plans to close six stores. On March 15, 2020, when businesses were ordered to temporarily close in many states, the chain closed all of its stores and furloughed its employees. JCPenney became
18769-428: Was using " spamdexing " techniques to manipulate Google search rankings. Google reduced the company's visibility, and JCPenney fired its search engine consultant. In June 2011, Ron Johnson , former head of Apple's retail division, became JCPenney's CEO. That same year, the company sold its 15 remaining catalog outlets to SB Capital Group, converting them into JC's 5 Star Outlets. In December 2011, JCPenney purchased
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