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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. [3] .
CHICAGO (CBS.MW) -- J.C. Penney ended three years of speculation Monday by selling its troubled Eckerd drugstore chain in two pieces for a total price tag of $4.525 billion. The final...
Aug 28, 2005 · The breakup of Eckerd Corp., one of the biggest companies with headquarters in the Tampa Bay area, became reality Sunday when J.C. Penney Co. sold it for $4.5-billion.
Apr 6, 2004 · The J.C. Penney Company said yesterday that it had agreed to sell its Eckerd drugstore chain for $4.53 billion to two buyers, freeing it from what some analysts considered a strategic mismatch...
Aug 27, 2005 · A test of JCPenney catalog desks inside 250 Eckerd stores was quietly shelved. The extra drugstore business mattered little once J.C. Penney sold its credit card business. Oesterreicher's...
- tisch@tampabay.com
Nov 4, 1996 · Department store giant J.C. Penney Co. moved to add to its drugstore business Sunday with an agreement to buy Eckerd Corp. for about $2.59 billion in cash and stock, a move that would make...
Apr 5, 2004 · The J. C. Penney Company's ill-advised foray into the drugstore business ended this morning, when the company announced it had agreed to sell its Eckerd drugstore operations to Canada's Jean...
