The Treasury Stores

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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.

[edit] Treasury Drug

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.