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James Cash Penney Jr. (September 16, 1875 – February 12, 1971) was an American businessman and entrepreneur who founded the JCPenney stores in 1902. [1] Early life. J. C. Penney was born on September 16, 1875, on a farm outside of Hamilton, Missouri.
- Businessman
- Establishing JCPenney department stores in 1902
- 1898–1971
Nov 8, 2014 · The JC Penney Company was born. Penney’s business philosophy was simple — find good employees, train them well, and sell quality goods at a small markup in order to keep prices down. The tactic worked. By 1917, the chain had nearly 200 stores; by 1928, there were more than 1,000.
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Feb 20, 2023 · James Cash Penney (yes, that was his full name) learned about faith and business from his father, who served as the pastor of a small Primitive Baptist church in Hamilton, Missouri, and struggled to make a living off the family farm. At age 8, young Jim was told he would have to start buying his own clothes and earning his own money.
Feb 8, 2024 · J.C. 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. Penney’s first job was clerking in a general store for a salary of $2.27 per month.
- The Editors of Encyclopaedia Britannica
Dec 18, 2009 · He had a strong work ethic and a knack for merchandising, and within two years of taking the job, his salary rocketed from $25 a year to $300. In 1897, Penney was diagnosed with tuberculosis,...
Aug 4, 2023 · When James Cash Penney moved his dry goods business here in 1904, the building also housed a saloon, offices, and apartments. In a 25-by-140 foot section of the first floor, Penney developed and refined the merchandising ideas that led to the growth of his successful chain of stores.
Oct 24, 2014 · October 24, 2014August 11, 2017. JAMES CASH PENNEY. GENERAL MERCHANDISE RETAILING IN AMERICA 1850-1980. This is the story of a great business rivalry – the century long struggle for retailing leadership between Montgomery Ward and Sears, Roebuck. The Setting.