Founded over 100 years ago in Kemmerer, Wyoming by James Cash Penney and William Henry McManus, JC Penney stores were initially created to sell off dry goods, and also 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 powerhouse 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. Today, they are headquartered Plano, Texas, and there are 1067 stores operating throughout the United States and Puerto Rico.
JC Penney stores can be obtained mostly in malls, however you can continue to find some freestanding stores from time to time. Together with retailers, the organization 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 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 line is well-liked by those who make a living doing rugged jobs which require rugged clothes.
The organization is very devoted to offering quality and value, however they are also committed to inspiring employee and customer loyalty through a number of programs that will make the stores 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.
Being a well-established and highly respected retailer, the business shows no signs of stopping sooner. Offering products which are of high quality permanently prices is just one of their strong suits. Effective associate training and awareness of diversity and the significance of treating each individual with respect earns them a very high position on earth of retailers. Visit JCPenney today and discover what they’ve got to suit your needs.
Such analysis can be made for a myriad of reasons. Many investors have appeared to recognize that certain aspects of the retail industry have outperformed other places. While with the early 2000s, many discount retailers earned better fundamentals when it comes to revenue and earnings, from analyst understandings, it seems that the 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 produce its quarterly results next Thursday (November 9, 2006), there is a strong possibility, in the event the other stocks are any indication that shares of J C Penney is going to be favorable for the shareholder and sustain such optimism for at least the following half a year.
Referring returning to the introduction, I stated the unemployment landmark for many reasons. As I originally believed that the economy was slowing down in a more dramatic fashion than is apparently, such analysis would bring about the assessment of a poor share price later on for retailers like J C Penney. However, as more folks are obtaining jobs, and as more wages continue to rise along with a terrible savings rate for domestic consumers, there exists a good possibility which a company like J C Penney may benefit immensely from such readings. As more consumers have more discretionary income to invest, as opposed to likely to discount uumhkm like Wal-Mart to buy normal goods, these same consumers, especially throughout the season, will have a tendency to switch their purchases to more luxury goods seen in departmental stores. As that occurs, the fundamentals for J C Penney should sky rocket as both the fact that Americans acquire more money and the reality that time has come for holiday shopping, for the next two quarters, at very least, J C Penney should secure the necessary numbers to enhance the share value of this stock to a lot more record highs.