Founded over a century ago in Kemmerer, Wyoming by James Cash Penney and William Henry McManus, JC Penney stores were originally designed 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 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. Nowadays, these are headquartered Plano, Texas, and you will find 1067 stores operating throughout the usa and Puerto Rico.
JC Penney stores are available mostly in malls, however, you can continue to find some freestanding stores here and there. In addition to retailers, 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 always well stocked with all the latest fashions in apparel, accessories and furnishings. Their Big Mac work clothes lines are well-liked by people who make a living doing rugged jobs that require rugged clothes.
The business is extremely dedicated to offering quality and value, however they are also dedicated to inspiring employee and customer loyalty through several programs that will make the shops a fantastic 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 company shows no indications of stopping sooner. Offering goods that are of high quality once and for all prices is one of their strong suits. Effective associate training and awareness of diversity and the value of treating each person with respect earns them a high position on earth of retailers. Visit https://www.storeholidayhours.org/jcpenney-holiday-hours-open-closed-today today and see what they’ve got to suit your needs.
Such analysis can be made for an array of reasons. Many investors have did actually recognize that certain aspects of the retail industry have outperformed other areas. While through 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 produce its quarterly results next Thursday (November 9, 2006), you will find a strong possibility, when the other stocks are any indication that shares of J C Penney will likely be favorable for the shareholder and sustain such optimism for about another six months.
Referring back to the introduction, I stated the unemployment landmark for several reasons. When I originally believed that the economy was slowing down in a more dramatic fashion than seems to be, such analysis would contribute to the assessment of any poor share price down the road for retailers including J C Penney. However, as increasing numbers of people are obtaining jobs, so when more wages still rise in conjunction with a terrible savings rate for domestic consumers, you will find a good possibility that the company including J C Penney may benefit immensely from such readings. As more consumers acquire more discretionary income to invest, rather than likely to discount uumhkm including Wal-Mart to purchase normal goods, the same consumers, especially through the season, will have a tendency to 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 reality that Americans get more money and the reality that the time has arrived for holiday shopping, for the following two quarters, at very least, J C Penney should support the necessary numbers to enhance the share value of this stock to a lot more record highs.