J.C. Penney Company, Inc., and Thrift Drug, Inc., In the Matter of

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In the Matter of J.C. Penney Company, Inc., and Thrift Drug, Inc.
FTC Matter/File Number:

971 0017

971 0016

Docket Number:

C-3721 and C-3722

Enforcement Type:

Part 2 Consents

Case Summary

Separate final consent orders settle charges that the acquisitions of Eckerd Corporation and 190 Rite Aid stores in North and South Carolina would give J.C. Penney a dominant position in four metropolitan areas and increase its ability to raise prices for the sale of pharmacy services to third party payers. The orders require the divestitures of 34 Thrifty drug stores and 127 Rite Aid drug stores in the areas by March 21, 1997