ipl-logo

Company Profile Of J. C. Penney Company, Inc.

410 Words2 Pages

JcPenney (JCP) Company Profile
J.C. Penney Company, Inc. (NYSE: JCP), sells more than just conventional goods through the branches of J.C. Penney Corporation, Inc. (JCP), stores in the United States. JCPenney is known as one of the largest retailers offering home furnishings and clothing that offers a wide selection of private, exclusive labels to fit everyone’s shapes and sizes, and coast to coast goods. The department stores of JCP sell apparel, shoes, cosmetics, and jewelry. JCPenney also leases space to provide customers with hair shops, Sephora, portrait studio, jewelry reparation, and optical centers. JCPenney operates 1,020 sites throughout the United States and Puerto Rico and it was a total of 114,000 employees as of the 2014 fiscal …show more content…

Penney Company, Inc. is known as one of the leading departments stores that operate in the United States based out of Plano, Texas. It all began on 1898 when James Cash joined the owners of tow Golden Rule stores located in Wyoming and Colorado, where he helped open a new store with his savings and a loan (McInnis, n.d.). Penney opened his first store in Kemmerer, Wyoming, in 1902 as he helped with two of the stores during his partnership (The Editors of Encyclopedia Britannica, n.d.). The store was named The Golden Rule, because of the belief of treating others as we want to be treated (JCPenney, 2014). The partnership ended in 1907 after Callahan and Johnson decided to go in different directions and Penney purchased his partners shares (The Editors of Encyclopedia Britannica, nod). As a result, Penney relocated the head office to Salt Lake City, Utah in 1909 since he wanted to be near to banks and the train tracks. Ten years later, Penney had a total of 34 stores in the Rocky Mountains and by 1913 they were all merged under the J.C. Penney name. During the year 1914 the business was integrated by the name of J.C. Penney Company, beside the co-founder William Henry McManus. During that same year the head office was relocated to New York where funding, purchasing, and transportation of products was made

Show More
Related

  • Jcpenney Essay

    1985 Words  | 8 Pages

    In the day and age of shopaholics and fashion trends changing every week, looking into the history of JcPenney, a retail giant, is long overdue. JcPenney was founded by James Cash Penney. Before opening his highly successful retail store, he first worked as a sales person for the Golden Rule Mercantile Company ("J.C. Penney Company,”). After three years as a salesman, the founder of the company and his partner promoted Mr. Penney to a manager and partner of the company. Ultimately, this prompted him to opening his own branch of Golden Rule with a cash only policy which bankers in the area were sure that his plan would fail.

    Read More

  • Hobby Lobby Essay

    866 Words  | 4 Pages

    Their business started in 1970 when they took out a $600 loan to make miniature picture frames in their home. Their business grew so much that in August of 1972 they opened their first Hobby Lobby store in Oklahoma City, Oklahoma. What was once a 300 square foot store grew into more than 800 stores across 47 states in the United States. The company is a Christian based business and believes in running the company in a biblical manner. All of the Hobby Lobby stores have the same

    Read More

  • J. C. Penney Company

    322 Words  | 2 Pages

    J. C. Penney Company, Inc. (JCP) is one of America 's largest store department of retailers. In 1902, James Cash Penney established the primary J. C. Penney store of department, initially named The Golden Rule, in the little mining town of Kemmerer in Wyoming. From that moment, J. C. Penney has gotten to be one of the biggest retailers in the discount and department of the retail business in 49 states with 1033 stores including Puerto Rico. Moreover, J. C. Penney works J. C. Penney operates “One of the largest apparel and home furnishing sites on the Internet, jcp.com, and the nation’s largest general merchandise catalog business”

    Read More

  • Jb Hi-Fi Company Background

    945 Words  | 4 Pages

    Background JB Hi-Fi Ltd. one of the fastest flourishing businesses of its kind, is involved in the retailing of consumer appliances and home electronic, thus specialising in the following products: • Consumer electronics • Mobile phones and accessories • Games • GPS and Car Audio • Consoles • Computers and Tablets • CDs and DVDs • Audio equipment and instruments It operates through Australia and New Zealand in the form of stand-alone destinations, shopping centre locations and online stores. Founded by John Barbuto in 1974, JB Hi Fi has its headquarters in Melbourne, Victoria (VIC) 3148. Eventually, JB Hi-Fi outspread into a chain of ten stores turning over $150 million by 2000 and later poised on the Australian Stock Exchange (ASX) in October

    Read More

  • Executive Summary For Nordstrom

    769 Words  | 4 Pages

    Nordstrom operates 356 stores, including 121 full-line stores in the United States, Canada and Puerto Rico and 221 Nordstrom Rack stores. In 2017, the total company net sales increased 3.5 percent and comparable sales increased 1.7 percent, compared with the same quarter last year. Nordstrom continued its progress in executing its customer strategy while maintaining discipline around inventory and expenses. As a result of the Company's ongoing efforts to provide newness and limited-distribution product to customers, Nordstrom proprietary labels represented three of the top five selling brands during the Anniversary Sale.

    Read More

  • Safeway History Essay

    982 Words  | 4 Pages

    (Safeway History) By 1921 the cash only grocery stores grew to fifteen around Idaho with whole sale grocery businesses. (Safeway History) In 1925, Marion Skaggs merged his growing grocery stores with another Skaggs family member, which grew the company to over three hundred stores throughout Oregon, Montana, Idaho, Nevada, and Northern California. (Safeway History)

    Read More

  • Jcpenney Company Essay

    1372 Words  | 6 Pages

    Case Analysis: J. C. Penney Company, Inc. Founded by James Cash Penney in 1902, J. C. Penney Company, Inc. has grown into a major mid-tier retailer. Focusing on providing goods and services for middle-income families, Penney’s competes in several segments. Although men’s and women’s apparel accounts for nearly half of all sales, Penney’s has a diverse portfolio including cosmetics, hair salons, home furnishings and appliances (J. C. Penney Company, Inc., 2015). As one of the oldest retailers in America, Penney’s has recently struggled to maintain the loyalty of existing customers while attempting to attract new ones. Historical Background Penney’s faced a hyper-competitive environment following the recession of 2008.

    Read More

  • Target Mission Statement

    945 Words  | 4 Pages

    The target company’s received its name in the year 1902 by a person named George Dayton. Dayton soon made a six story tower in Minneapolis, Minnesota. The name of the store was soon changed to Dayton dry goods company. The company he started expanded and acquired Lipman's Department store the company is now focusing more and more on expanding there stores down south and out in the Midwest of the United States. target Is said to be the most important corporate symbol in the United States is that of the Target Corporation the first store opened in Minnesota , target is mostly known for there affordable prices.

    Read More

  • Compare And Contrast Essay On Macy Vs Jcpenney

    1188 Words  | 5 Pages

    J. C. Penney Company, Inc. (JCPenney) is a holding company. The Company's business consists of selling merchandise and services to consumers through its department stores, its website, applications for desktop, mobile and tablet devices. Its department stores and website generally serve the same type of customers, offers the same mix

    Read More

  • Jcpenney Essay

    851 Words  | 4 Pages

    Due to the store’s popularity and growth, the company quickly expanded and relocated their headquarters to New York City. In the span of 27 years, JC Penney grew to over 1,000 stores and went public. JC Penney “used to be a place where working class and upper middle-class families could buy good quality merchandise, at a fair price, with friendly sales people. It was stable, trendy, and reflected the growing affluence of the typical American

    Read More

  • J. C. Penney's Organizational Culture

    1033 Words  | 5 Pages

    1. Describe J.C; Penney 's culture before and during Johnson 's time in the organization. What were the attributes that Johnson changed, and how did this impact the culture and success of J.C. Penney? J.C. Penney’s culture was based on transparency and loyalty before the entry of Ron Johnson.

    Read More

  • Comparison Of Nordstrom Vs Nordstroms

    1345 Words  | 6 Pages

    This industry is very competitive with as many as thirty-seven firms and total estimated annual revenues of $125,904,840,000 (http://bi.galegroup.com/essentials/industry/448140?u=bentley_main). Retail giants like TJX, H&M and Gap are the top players of this industry with Nordstrom vying for the fourth largest market share and Dillard’s further down on the list. The success of Nordstrom Inc with respect to

    Read More

  • Why Is Jcpenney Successful

    1453 Words  | 6 Pages

    The J.C. Penney company is one of the largest retail stores in America selling a variety of products. It was founded by James Cash Penney who believed that a store should be ran completely on honesty and deep respect for the customer (J.C. Penney 1875-1971). J.C. Penney turned an idea and a dream into one of the most successful stores in America. He did so even though he was born in to a relatively poor family.

    Read More

  • Johnson International Corporation: Case Analysis: Johnson International Corporation

    800 Words  | 4 Pages

    Johnson International Corporation (JIS) is a global company that offers logistical support to the military and private companies which employs 100 people and it is largely located in US, Europe and Far East. It has been doing business for last 15 years and it had a net income after tax of $10 million. 70 % of their business is related to military sector and its focus is to provide logical support to military and private sector. In this company the president and chief executive officer were the same person and he/she was responsible for the overall activities of the company. The company has cut the budget in various field including the budget in IT capital and human resource which includes training for employee.

    Read More

  • Case Study: Jo Malone Company

    1532 Words  | 7 Pages

    4.2.1 JO MALONE 4.2.1.1 Strategy Jo Malone Company takes its name from the brand creator. Jo Malone was a stylist that wanted to give a special present to her VIP clients, creating a special bath oil with natural ingredients like nutmeg and Ginger. (Gordo, 2013) Jo Malone London was created to celebrate British style with unexpected fragrances and the elegant art of gift giving.

    Read More

More about Company Profile Of J. C. Penney Company, Inc.

Open Document