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Article: Morning Alert for J C Penney Corporation, Inc.
- Article from:
- M2 Presswire
- Article date:
- December 1, 2006
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M2 PRESSWIRE-1 December 2006-Blue Chip News: Morning Alert for J C Penney Corporation, Inc.(C)1994-2006 M2 COMMUNICATIONS LTD
RDATE:01122006
J. C. Penney Company (NYSE:JCP) was created in early 2002 as a holding company for department store operator J. C. Penney Corporation, its wholly owned subsidiary, which exchanged the "Company" in its 89-year-old moniker for "Corporation" after the holding company was formed. J. C. Penney Corporation is one of the largest department store, catalog, and e-commerce retailers in the US. In 2004 J. C. Penney Company sold its Eckerd drugstores chain to The Jean Coutu Group and CVS for $4.5 billion in cash. The retailer ...