Sources
open directory project
Help build the largest human-edited directory on the web.
Submit a site - Become an editor
Wikipedia. Licensed under the GNU Free Documentation License.
Are you an expert in this subject? Join the discussion and share your knowledge at Wikipedia.org.
The Treasury Stores
From Wikipedia, the free encyclopedia
| The Treasury | |
 |
|
| Type | Discount Department Store |
|---|---|
| Founded | 1962 |
| Headquarters | Unknown |
| Industry | Retail |
| Products | Clothing, footwear, bedding, furniture, jewelry, beauty products, electronics and housewares. |
| Website | None |
The Treasury was a chain of discount stores owned by J.C. Penney. Through an acquisition of the General Merchandise Company in 1962, J.C. Penney entered the discount store market by launching The Treasury. Eventually the chain had locations in most Southern states and California. The recessions of the 70's and early 80's were too much to bear for J.C. Penney, and by then the division was losing money. The discount stores were closed around 1981.
The company branched out into drug stores, located in many Southern states, as Treasury Drug. Treasury Drug survived into the 1990's when J.C. Penney acquired Eckerd and converted remaining Treasury Drug locations into Eckerd stores. Eckerd was sold to Rite Aid and CVS in 2006.
