Company Overview

Fay's Incorporated was acquired by J. C. Penney Company, Inc. In August 1996, Fay's Incorporated entered into a Merger Agreement with J. C. Penney Company, Inc., pursuant to which Fay's would become a wholly owned subsidiary of JCPenney. Fay's Incorporated operated a chain of super drug stores under the name, ‘Fay's Drugs’ in the United States, as of July 27, 1996. It operated 223 Fay's Drug stores and 48 traditional drug stores. The company's drug stores included traditional drug store items, such as prescriptions and proprietary drugs, health and beauty aids, and tobacco products; consumer hard goods, including small appliances, electronics, automotive supplies, housewares, and hardware; f...

Fay's Incorporated was acquired by J. C. Penney Company, Inc. In August 1996, Fay's Incorporated entered into a Merger Agreement with J. C. Penney Company, Inc., pursuant to which Fay's would become a wholly owned subsidiary of JCPenney. Fay's Incorporated operated a chain of super drug stores under the name, ‘Fay's Drugs’ in the United States, as of July 27, 1996. It operated 223 Fay's Drug stores and 48 traditional drug stores. The company's drug stores included traditional drug store items, such as prescriptions and proprietary drugs, health and beauty aids, and tobacco products; consumer hard goods, including small appliances, electronics, automotive supplies, housewares, and hardware; food and beverage items; seasonal merchandise; photofinishing; and greeting cards and toys. It also provided pharmacy services to institutional customers on a contract basis, including nursing homes, adult homes, and prison facilities.

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