J. C. Penney Company Acquisitions and Exits, 4 Deals Between 1983 and 2011
retail Company

J. C. Penney Company has acquired 3 companies. It has also divested 1 asset.

J. C. Penney Company’s largest acquisition to date was in 1996, when it acquired Eckerd for $2.6B. It’s largest disclosed sale occurred in 2004, when it sold Eckerd to CVS Health for $4.5B. J. C. Penney Company has acquired in 3 different US states. The Company’s most targeted sectors include apparel/textiles (34%) and financial services (34%).

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J. C. Penney Company, Inc.

6501 Legacy Drive,
Plano, Texas 75024
United States,
(972) 431-1000
www.jcpenney.com

J. C. Penney is a US-based retailer. The Company primarily sells apparel, footwear, home goods, and beauty products. J. C. Penney was formed in 1902 and is based in Plano, Texas. J. C. Penney was founded in 1902 and is based in Plano, Texas.

M&A Summary

Buy vs Sell

Year ≤ '14 '15 '16 '17 '18 '19 T
Buy (0.0/yr) # 3 - - - - - 3
vol $2.9B $2.9B
Sell (0.0/yr) # 1 - - - - - 1
vol $4.5B $4.5B
  4

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Deal Values

Buy # TOTAL
> $1B Sign-up to View
$100M to $1B Sign-up to View
< $100M Sign-up to View
TOTAL Sign-up to View
Largest Eckerd Corp.
$2.6B (1996-11-04)
Sell # Total
> $1B Sign-up to View
$100M to $1B Sign-up to View
< $100M Sign-up to View
Total Sign-up to View
Largest Eckerd Corp.
$4.5B (2004-04-06)

Retail M&A - Last 3 Years

When analyzing the retail sector as a whole, according to Mergr, in the last 3 years, there are 167 retail companies that have made at least 1 acquisition, 5 have acquired at least 5 companies, and 1 has acquired more than 10 companies.

The most prolific strategic retail acquirer over the past 3 years is Camping World Holdings, with 13 acquisitions. The most prolific private equity acquirer in the retail sector over the past 3 years is L Catterton Partners with 4 platform acquisitions.


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