JCPenny Near Me
For decades, JcPenny has proved an American shopping institution. Founded in 1902, this historic department store has always sold conventional merchandise along with several leased departments such as Sephora, Seattle’s Best Coffee, salons, optical centers, jewelry repair, and portrait centers.
Are you interested in finding a JcPenny near you? Simply browse JcPenny near me on the map below and find a list of JcPenny locations in close proximity to you. Need a bit more information on JcPenny? Read on for interesting facts, trivia, and insights into this unique department store chain.
JCPenny Near Me – Find it on the Map
JCPenny Near Me – JCPenny Trivia
Who founded JcPenny?
The JcPenny department store was founded by James Cash Penney in 1902. James Penney was born in Hamilton, Missouri. Upon graduating from high school, Penney went to work for a local retailer for a time. After suffering a few health setbacks, Penney was advised to move to Colorado, in hopes that a better climate would improve his health and allow for a more stable way of life. In 1898, Penney went on to work for Thomas Callahan and Guy Johnson, each owned dry goods stores known as Golden Rules Stores in Wyoming and Colorado. Despite flourishing health, Penney was sent to Evanston, Wyoming to work with Johnson in a different Golden Rule location. Callahan and Johnson then asked Penney to help them in opening a new Golden Rule store. Penney used money from a savings and loan to join the partnership. He officially moved with his wife and infant son to Kemmerer, Wyoming to start his own store. Penney’s first store opened on April 14, 1902. From there, Penny participated in the creation of two more stores. He soon purchased full interest in all three locations. Callahan and Johnson soon dissolved their partnership in 1907. In 1909 Penney officially moved his company headquarters to Salt Lake City, Utah. This was largely considered to be a smart move as it was much closer to banks and railroads. By 1912, Penney was operating 34 stores in the Rocky Mountain Stores. In 1913, each store was consolidated under the JcPenny banner. As you search JcPenny near me, think about just how far this department store has come.
True or false: JcPenny helped launch the career of a different industry giant.
This fact is true! Consider this as you search JcPenny near me. Every now and then you hear a story of someone who once worked for a major corporation and were so inspired by their experience in the store that they set out on their own. This was the case with JcPenny and Sam Walton. At the age of 22, Sam Walton began working as a management trainee at a JcPenny location in Des Moines, Iowa. At the location, Walton earned $75 a month. Although his employment with JcPenny was short lived, as he quit in 1942 to pursue service in the military, his experience set the stage for Walton’s future ventures in the retail industry. His experiences and keen mind lead him to create WalMart. WalMart is now the largest retailer in the world with a market capitalization of $244.7 billion and sales of more than $473 billion per year.
JCPenny Near Me – JCPenny Facts
A Founder Making History
Every company and leader has the potential to make history, but not every company makes a lasting mark. JcPenny founder James Cash Penny, has always had an indelible impact on American society and the retail industry at large. Though JcPenny has been facing some major setbacks in recent years, the fact that the company was able to grow so large and affect so many in the first place speaks of Penney’s vision, fortitude, and mind for retail. JcPenney not only impacted society, it is recognized for doing so in a variety of ways. In 1973, the JcPenny historic district was officially declared a national historic landmark district by the United States Government. Located in Kemmerer, Wyoming, this historic district includes many of the places that had a strong impact and association on the Penny’s store and on James Penney himself. The most important of these stores is unquestionably the Golden Rule STore, which was the store that first became known as JcPenny. Another notable landmark located within the district is the home of JcPenney, which Penny Shared with his family at the beginning of his time with JcPenny. Consider the impact JcPenny has had on your life and the life of your town as you search JcPenny near me.
An 80’s and 90’s Boom
In recent years, JcPenny has been faltering in terms of sales. Despite offering the same quality goods that it always has, Penny’s has struggled to keep up with the advent of online retailers and box stores such as Target and Walmart. JcPenny enjoyed the most success in the 1980s and 1990s. During this time, the company expanded rapidly, but not in the form of increased locations. Instead, JcPenny branched out into several realms of business including online retail in 1983. That’s right, JcPenny was one of the first retail stores to adopt an online platform through Viewtron Videotex. In addition to being one of the first major online retailers, the company also expanded into the television and banking industries. The company’s banking operations eventually commenced with its acquisition of the First National Bank of Harrington which was located in Delaware. The 1984 purchase lead to the advent of the JcPenny National Bank. The purpose behind the acquisition of these banks was to hold the power to issue its own Visa and MasterCard cards, an idea that would eventually expand to include American Express cards. The company’s television endeavors would take a few more years to form after that, but eventually the JcPenny television shopping network formed in 1989. Nowadays you can’t search the JcPenny Shopping Network from your couch, but you can search JcPenny near me!