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JCPenney Indicates Eckerd Discussions Progressing.
Business Editors
PLANO, Texas--(BUSINESS WIRE)--Jan. 30, 2004
J. C. Penney Company, Inc. (NYSE:JCP) announced today that substantial information has been provided to several interested groups relating to a potential sale of Eckerd. Discussions with these groups have been productive and are progressing as expected. Additional information will be made available as appropriate.
J. C. Penney Corporation, Inc., the wholly-owned operating subsidiary of the Company, is one of America's largest department store, drugstore, catalog, and e-commerce retailers, employing approximately 230,000 associates. As of October 26, 2003, it operated 1,032 JCPenney department stores throughout the United States and Puerto Rico, and 56 Renner department stores in Brazil. Eckerd Corporation operated 2,735 drugstores throughout the Southeast, Sunbelt, and Northeast regions of the U.S. JCPenney Catalog, including ...
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