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Company stock had declined 81 percent since 2010 and was trading well below book value. [90] The stock reached an all-time low on April 14, 2012. [113] [114] In September 2012, RadioShack's head office laid off 130 workers after a US$21 million quarterly loss. [115]
In 2010, Vornado Realty Trust took a 9.9 percent stake in Penney; it sold off its 9.9-million-share interest in the company for $13.00 per share in 2013. [41] On January 24, 2011, J. C. Penney closed down its catalog business, which had been operating since 1963. With this, the 19 catalog outlet stores also closed down.
Blockbuster (retailer) Blockbuster[ 5] (formerly called Blockbuster Video) is an American multimedia brand and former rental store chain. The business was founded by David Cook in 1985 as a single home video rental shop, but later became a public store chain featuring video game rentals, DVD-by-mail, streaming, video on demand, and cinema ...
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