Founded over 100 years ago in Kemmerer, Wyoming by James Cash Penney and William Henry McManus, JC Penney stores were initially developed to sell dry goods, as well as the name of the company at that time was The Golden Rule. 1917 saw the name of the company change to JC Penney and as of present, this giant retailer is still operating and booming. With a long history in retail, this mid-range retailer offers clothing, home furnishings, shoes, and jewelry, among other fine items. Currently, they are headquartered Plano, Texas, and you will find 1067 stores operating throughout the United States and Puerto Rico.
JC Penney stores are available mostly in malls, however, you can still find some freestanding stores here and there. Together with retailers, the business has one of the largest apparel and merchandise sites on the Internet as well as the largest catalog general merchandise catalog of all of the major retailers. Their stores is one of America’s top draws at malls and they are always well stocked with all the latest fashions in apparel, accessories and furnishings. Their Big Mac work clothes lines are well-liked by those that make a living doing rugged jobs that require rugged clothes.
The business is extremely focused on offering quality and value, however are also focused on inspiring employee and customer loyalty through numerous programs which make the stores a great location to work and shop. As being a company, JC Penney has won the esteemed Fortune Magazine’s Top Five ‘Most Admired’ General Merchandisers Award, and the Human Rights Campaign’s Corporate Equality Index Award.
Being a well-established and highly respected retailer, the company shows no signs of stopping in the near future. Offering products which are of high quality for good prices is among their strong suits. Effective associate training and awareness of diversity and the value of treating every person with respect earns them a very high position on earth of retailers. Visit JCPenney hours today and see what they’ve got to suit your needs.
Such analysis can be created for a myriad of reasons. Many investors have did actually understand that certain elements of the retail industry have outperformed other locations. While through the early 2000s, many discount retailers earned better fundamentals when it comes to revenue and earnings, from analyst understandings, it appears that the marketplace power of valued stocks has shifted from such discount stores of Wal-Mart and Costco to more departmental companies like J C Penney. Using this Plano, Texas located company to generate its quarterly results next Thursday (November 9, 2006), there exists a strong possibility, when the other stocks are any indication that shares of J C Penney will be favorable for the shareholder and sustain such optimism for about another 6 months.
Referring to the introduction, I stated the unemployment landmark for a number of reasons. As I originally thought that the economy was slowing in a more dramatic fashion than is apparently, such analysis would play a role in the assessment of any poor share price in the future for retailers like J C Penney. However, as increasing numbers of people are obtaining jobs, and as more wages carry on and rise in conjunction with a dreadful savings rate for domestic consumers, you will find a good possibility that the company like J C Penney may benefit immensely from such readings. As more consumers have more discretionary income to enjoy, as opposed to likely to discount uumhkm like Wal-Mart to purchase normal goods, these same consumers, especially during the season, will often switch their purchases to more luxury goods seen in departmental stores. As that takes place, the basic principles for J C Penney should sky rocket as both the truth that Americans acquire more money and the truth that the time comes for holiday shopping, for the following two quarters, at very least, J C Penney should secure the necessary numbers to boost the share value of this stock to a lot more record highs.