Where was the first JCPenney store?
Kemmerer, WY
JCPenney/Place founded
What is the golden rule JCPenney?
JCPenney was founded in Kemmerer, Wyoming, in 1902 by James Cash Penney. The first store, named The Golden Rule, set the standard by which we have operated for over a century – to treat others as we would like to be treated.
What retail store was called the Golden Rule store?
J.C. Penney’s
J.C. Penney’s Was The Golden Rule Store. Access My FREE 5-Part Retail Sales Training Email Course! J.C. Penney was founded on the Golden Rule which pretty much means treat your customer like you’d want to be treated.
Where did JCPenney live?
J.C. Penney was born in 1875 on a farm just outside of Hamilton in Caldwell County, Missouri. His father, James Cash Penney, Sr., a farmer, minister, and civic leader along with his devout mother, Mary Frances Penney, influenced Penney’s lifetime ethics.
What did James Cash Penney do?
J.C. Penney, in full James Cash Penney, (born Sept. 16, 1875, Hamilton, Mo., U.S.—died Feb. 12, 1971, New York, N.Y.), merchant who established one of the largest chains of department stores in the United States. As each new store opened, Penney offered a profit-sharing plan to its manager.
Where is J.C. Penney headquarters located?
Plano, TX
JCPenney/Headquarters
How did James Cash Penney achieve his goals?
Penney stocked quality products at fair prices for mining and farm families. He accepted “cash only” for his goods, rather than credit. Penney’s store was successful because his customers liked the merchandise and good service.
Where is James Cash Penney from?
Hamilton, MO
James Cash Penney/Place of birth
J.C. Penney, in full James Cash Penney, (born Sept. 16, 1875, Hamilton, Mo., U.S.—died Feb. 12, 1971, New York, N.Y.), merchant who established one of the largest chains of department stores in the United States.
Who is James Cash Penney parents?
James Cash Penney, Sr. was born December 29, 1841, in Mirabile, Missouri. His parents were Eli Penney (1799–1871) and Mary G. “Polly” Burris (1821–18??), both from Mercer County, Kentucky. He had twelve children with Mary Frances Paxton Penney.
Where did James Cash Penney go to school?
Hamilton High School
Penney graduated from Hamilton High School in 1893 but did not have the money for higher education. With the aid of his father he secured a position as a clerk in a local dry goods and clothing store.
Who owns JCPenney?
Simon Property Group
JCPenney
| JCPenney store at Aventura Mall in 2006 | |
|---|---|
| Total equity | US$829 million (2019) |
| Owners | Simon Property Group, Brookfield Asset Management |
| Number of employees | 60000 (Aug. 2021) |
| Website | jcpenney.com |
When did JCPenney move to Plano?
August 1992
In August 1992, J.C. Penney officially moved into their new headquarters in Plano.
How did James Cash Penney start his business?
In 1898, James Cash Penney began working for a small chain of stores in the western United States called the Golden Rule stores. In 1902, owners Guy Johnson and Thomas Callahan, impressed by his work ethic and salesmanship, offered him a one-third partnership in a new store he would open.
How much did Penney pay for the Golden Rule Store?
Wyoming Tales and Trails. Penney put up $2,000 for his share of the store, an investment that paid off handsomely. Golden Rule sold what mining families needed, and it sold it affordably. In 1902, its first year, the store cleared $8,000 on sales of more than $28,000.
When was the first Penney opened in Wyoming?
In 1898, Penney went to work for Thomas Callahan and Guy Johnson, who owned dry goods stores called Golden Rule stores in Colorado and Wyoming. In 1899, Callahan sent Penney to Evanston, Wyoming, to work with Johnson in another Golden Rule store. Callahan and Johnson asked Penney to join them in opening a new Golden Rule store.
Who is the founder of JC Penney?
James Cash Penney. James Cash “J. C.” Penney Jr. (September 16, 1875 – February 12, 1971) was an American businessman and entrepreneur who founded the J. C. Penney stores in 1902.