Founded over a century ago in Kemmerer, Wyoming by James Cash Penney and William Henry McManus, JC Penney stores were initially designed to sell dry goods, and also the name of the company during 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 thriving. With a long history in retail, this mid-range retailer offers clothing, home furnishings, shoes, and jewelry, among other fine items. Today, they are headquartered Plano, Texas, and you will find 1067 stores operating throughout the usa and Puerto Rico.
JC Penney stores can be obtained mostly in malls, but you can continue to find some freestanding stores here and there. Together with retailers, the Company has among the largest apparel and merchandise sites on the Internet as well as the largest catalog general merchandise catalog of all major retailers. Their stores are certainly one of America’s top draws at malls and they are always well stocked using the latest fashions in apparel, accessories and furnishings. Their Big Mac work clothes lines are well-liked by those who earn an income doing rugged jobs that need rugged clothes.
The business is extremely devoted to offering quality and value, however they are also dedicated to inspiring employee and customer loyalty through numerous programs that make the shops a fantastic spot 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 indications of stopping sooner. Offering items that are of high quality for good prices is among their strong suits. Effective associate training and attention to diversity and the importance of treating each individual with respect earns them a high position on the planet of retailers. Visit storeholidayhours.org today and find out what they’ve got for you.
Such analysis can be produced for a myriad of reasons. Many investors have did actually recognize that certain elements of the retail industry have outperformed other places. While with the early 2000s, many discount retailers earned better fundamentals with regards to revenue and earnings, from analyst understandings, it appears that the marketplace concentration of valued stocks has shifted from such discount stores of Wal-Mart and Costco to more departmental companies like J C Penney. With this particular Plano, Texas located company to produce its quarterly results next Thursday (November 9, 2006), there is a strong possibility, if the other stocks are any indication that shares of J C Penney will likely be favorable to the shareholder and sustain such optimism for about another 6 months.
Referring back to the introduction, I stated the unemployment landmark for many reasons. When I originally believed that the economy was slowing in a more dramatic fashion than appears to be, such analysis would play a role in the assessment of a poor share price later on for retailers including J C Penney. However, as increasing numbers of folks are obtaining jobs, so that as more wages carry on and rise coupled with a terrible savings rate for domestic consumers, there exists a good possibility that a company like J C Penney will benefit immensely from such readings. As increasing numbers of consumers acquire more discretionary income to enjoy, as opposed to planning to discount uumhkm including Wal-Mart to buy normal goods, these same consumers, especially throughout the holidays, will often switch their purchases to more luxury goods seen in departmental stores. As that happens, the fundamentals for J C Penney should sky rocket as both the fact that Americans have more money and the fact that enough time has arrived for holiday shopping, for the upcoming two quarters, at very least, J C Penney should support the necessary numbers to boost the share cost of this stock to much more record highs.