Founded over a century ago in Kemmerer, Wyoming by James Cash Penney and William Henry McManus, JC Penney stores were at first designed to market 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 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. Nowadays, they are headquartered Plano, Texas, and there are 1067 stores operating throughout the United States and Puerto Rico.
JC Penney stores are available mostly in malls, however you can continue to find some freestanding stores here and there. Together with retail stores, the business has one of the largest apparel and merchandise sites on the Internet and also the largest catalog general merchandise catalog of all the major retailers. Their stores is one of America’s top draws at malls and they are generally always well stocked with the latest fashions in apparel, accessories and furnishings. Their Big Mac work clothes line is well-liked by those that earn a living doing rugged jobs that require rugged clothes.
The business is highly focused on offering quality and value, however are also dedicated to inspiring employee and customer loyalty through several programs that make the shops a great place to work and shop. As a company, JC Penney has won the esteemed Fortune Magazine’s Top 5 ‘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 warning 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 importance of treating every person with respect earns them a higher position on the planet of retailers. Visit JCPenney Sunday hours today and see what they’ve got for you.
Such analysis can be produced for an array of reasons. Many investors have appeared to recognize that certain elements of the retail industry have outperformed other areas. While from the early 2000s, many discount retailers earned better fundamentals with regards to revenue and earnings, from analyst understandings, it would appear that the current market power of valued stocks has shifted from such discount stores of Wal-Mart and Costco to more departmental companies including J C Penney. With this particular Plano, Texas located company to generate 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 is going to be favorable towards the shareholder and sustain such optimism for about another 6 months.
Referring back to the introduction, I stated the unemployment landmark for a number of reasons. As I originally believed that the economy was slowing down in a more dramatic fashion than is apparently, such analysis would play a role in the assessment of the poor share price in the future for retailers including J C Penney. However, as increasing numbers of individuals are obtaining jobs, and as more wages still rise coupled with an awful savings rate for domestic consumers, there is a good possibility that a company such as J C Penney can benefit immensely from such readings. As increasing numbers of consumers have more discretionary income to spend, instead of going to discount uumhkm such as Wal-Mart to get normal goods, the same consumers, especially during the season, will have a tendency to switch their purchases to more luxury goods found in departmental stores. As that takes place, the fundamentals for J C Penney should sky rocket as both the fact that Americans have more money and the fact that enough time comes for holiday shopping, for the next two quarters, at very least, J C Penney should secure the necessary numbers to improve the share value of this stock to much more record highs.