JCPenney
was founded in 1902 by James Cash
Penney and William Henry McManus. The original name for the store that
started J.C. Penney in the dry goods business was the "Golden Rule
Store", but was changed to J.C. Penney in 1913, when Penney
accepted a majority ownership of the chain, William McManus still being
a partner. The mother store is located in Kemmerer, Wyoming.
In 1998, JCPenneys launched its third channel for shopping
convenience. Its Internet store has grown into one of the largest
apparel and home furnishings retail sites on the Internet. Among its
general merchandise peers, the online store has the highest rate (10.1%)
of converting site visitors into buyers. J.C. Penney also operated
Eckerds Drugs. |
JCPenneys
competes on an average price level on par with Sears.
JCPenneys has also recently rivaled with Belk, Dillards,
and Macys. However, the company
competes below Bloomingdales, Neiman Marcus, Nordstrom and Saks Fifth
Avenue. The J.C. Penny Bridal Registry
is also popular.
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JC Penneys products include:
Clothing,
footwear,
bedding,
furniture,
jewelry,
beauty products,
electronics and
housewares. |
Today, most JCPenney stores are
located in suburban shopping malls. Previously, most stores were located
in downtown areas. As shopping malls became more popular in the
latter half of the 20th century, J.C. Penney relocated its stores to
shopping malls. However, in recent years, the chain has been following a
retailing trend in opening some standalone locations.
JCPenneys News
- An employee of the Mexican consulate in Salt Lake
City has filed a lawsuit against JC Penney, alleging a store clerk
yelled obscenities at his family and called them "illegals" when he
attempted to use his diplomatic tax-exempt privilege.
- NEW YORK, July 6, 2006 - J.C. Penney Co Inc. said on Thursday its June
sales at department stores open at least a year rose 4.3 percent,
beating expectations, and it raised its second-quarter earnings
forecast.
- J.C. Penney Serves as Exclusive Presenter of the "Teen Choice
2006 Casting Call" Contest
FOX and JCPenneys are searching nationwide for a guy and a girl to be on
stage and hand out the surfboard trophies at TEEN CHOICE 2006
- WASHINGTON (MarketWatch) -- J.C. Penney Co. (JCP) disclosed Wednesday
that it will pay its newly appointed executive vice president and chief
operating officer, Catherine G. West, a base salary of $750,000, which
will be reviewed annually beginning in 2007.
- PLANO - Despite the recent
upheaval in the home-furnishings market, the home
business has been a driving force in JC Penneys revival. The
J.C. Penney Home Collection is now the country’s largest
private brand, with sales closing in on $2 billion a year,
according to Deb Evans, who oversees the label for the
Plano-based chain. JC
Penneys main products include: Jewelry, luxury linen,
bedspreads, bed & Bath, home furnishings, housewares and gifts.
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Source: Wikipedia - News Reports
JCPenneys | JCPennys |
Penneys | Eckerds | JC Pennies | JCPenney.com
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