History Of J. C. Penney Corporation

J.C. Penney Corporation, Inc., American Retail founded in 1902 by James Cash Penney and today got in to in marketing apparel, house materials, jewelry, cosmetics, and cookware. He started selling his products in old western towns because that’s where he knew he could make more money. The company was called J.C. Penney Stores Company from 1913 to 1924, when it was reincorporated as J.C. Penney Co. Its present name was adopted in 1968. In the early 21st century the company operated roughly 1,000 stores in the United States and Puerto Rico. His

Headquarters were in Plano, Texas. On April 14, 1902, founder Penney and two partners opened the Golden Rule dry-goods store in the small town of Kemmerer, Wyoming.

Penney believed in the golden rule which is a basic principle that should be followed and is also a rule of ethical conduct, (as said on http://www.merriam-webster.com/). During the following two years they opened stores in two other Wyoming frontier towns. In 1907 Penney bought out his original partners and took on new ones, beginning with Earl Corder Sams (president of the company from 1914 to 1946). When the firm was incorporated on January 17, 1913, as the J.C. Penney Stores Company, there were 34 stores in the American West. The following year the company’s headquarters were moved to New York City. In 1910, tragedy hit Penny in the worst way and his wife died. Berta died of pneumonia (a hardcore sickness that evolves from a cold you had before) and left Penny with two sons named Kemper and James Cash Penny Jr. to comfort and take care of two kids. Later the devastated Penny wrote a letter about how his world crashed when she died; he was a very romantic person. Despite this terrible incident the business carried on and in 191...

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...author/writer. Penney wasn’t a college graduate but he surely knew how to run a business. He received a whole bunch of college degrees from a variety of colleges including the University of Missouri which is his home state. He died in 1971 at the age of 95. He is buried at the Woodlawn cemetery in the Bronx. April 14th, 2002 Penney celebrated one hundred years in business which is amazing considering the things his store has been through throughout its timeline. His company is still one of America’s largest retailers in the world. In conclusion J.C. Penney is one of the best to ever create a business, survive the “Great Depression”, and have multiple upsets in his life that would have tore people down to the point that a person couldn’t work anymore but Penney got through it and shined until the end. This is my report on James Cash Penney the founder of J.C. Penney.