Founded over 100 years ago in Kemmerer, Wyoming by James Cash Penney and William Henry McManus, JC Penney stores were initially created to market dry goods, and also the name of the company during those times was The Golden Rule. 1917 saw the name of the company change to JC Penney and as of present, this powerhouse retailer is still operating and booming. With a prolonged history in retail, this mid-range retailer offers clothing, home furnishings, shoes, and jewelry, among other fine items. Today, these are headquartered Plano, Texas, and there are 1067 stores operating throughout the United States and Puerto Rico.
JC Penney stores can be found mostly in malls, however you can still find some freestanding stores occasionally. Together with retail shops, the organization has one of the largest apparel and merchandise sites on the Internet and also the largest catalog general merchandise catalog of all major retailers. Their stores is one of America’s top draws at malls and they are generally always well stocked with all the latest fashions in apparel, accessories and furnishings. Their Big Mac work clothes lines are favored by those who earn an income doing rugged jobs which require rugged clothes.
The organization is highly devoted to offering quality and value, however they are also dedicated to inspiring employee and customer loyalty through several programs which make the shops an excellent location to work and shop. Being a company, JC Penney has won the esteemed Fortune Magazine’s Top Five ‘Most Admired’ General Merchandisers Award, and also the Human Rights Campaign’s Corporate Equality Index Award.
As being a well-established and highly respected retailer, the business shows no signs of stopping in the near future. Offering products which are of top quality for good prices is one of their strong suits. Effective associate training and focus on diversity and the importance of treating each person with respect earns them a very high position on earth of retailers. Visit JCPenney hours today today and discover what they’ve got for you.
Such analysis can be made for many reasons. Many investors have seemed to realize that certain components of the retail industry have outperformed other areas. While with the early 2000s, many discount retailers earned better fundamentals in terms of revenue and earnings, from analyst understandings, it would appear that the market 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 Plano, Texas located company to create its quarterly results next Thursday (November 9, 2006), you will find a strong possibility, if the other stocks are any indication that shares of J C Penney will be favorable towards the shareholder and sustain such optimism for at least the following 6 months.
Referring to the introduction, I stated the unemployment landmark for many reasons. Because I originally believed that the economy was slowing in a more dramatic fashion than is apparently, such analysis would contribute to the assessment of any poor share price down the road for retailers like J C Penney. However, as increasing numbers of individuals are obtaining jobs, so when more wages continue to rise along with a dreadful savings rate for domestic consumers, there exists a good possibility which a company including J C Penney may benefit immensely from such readings. As increasing numbers of consumers have more discretionary income to enjoy, instead of going to discount uumhkm including Wal-Mart to buy normal goods, the same consumers, especially through the holiday season, will tend to switch their purchases to more luxury goods seen in departmental stores. As that takes place, basic principles for J C Penney should sky rocket as both the fact that Americans acquire more money and the reality that enough time has arrived for holiday shopping, for the following two quarters, at very least, J C Penney should keep the necessary numbers to enhance the share price of this stock to a lot more record highs.