Founded over a century ago in Kemmerer, Wyoming by James Cash Penney and William Henry McManus, JC Penney stores were at first developed to sell 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 prolonged history in retail, this mid-range retailer offers clothing, home furnishings, shoes, and jewelry, among other fine items. Currently, 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, but you can still find some freestanding stores from time to time. In addition to retail shops, the organization has one of many largest apparel and merchandise sites on the Internet and also the largest catalog general merchandise catalog of all major retailers. Their stores are one of America’s top draws at malls plus they are always well stocked with the latest fashions in apparel, accessories and furnishings. Their Big Mac work clothes line is well-liked by those who earn a living doing rugged jobs that need rugged clothes.
The business is extremely devoted to offering quality and value, however they are also committed to inspiring employee and customer loyalty through several programs which make the stores a great location to work and shop. As a company, JC Penney has won the esteemed Fortune Magazine’s Top 5 ‘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 company shows no warning signs of stopping any time soon. Offering products which are of high quality once and for all prices is just one of their strong suits. Effective associate training and attention to diversity and the value of treating every person with respect earns them a high position on earth of retailers. Visit JCPenney opening hours today and discover what they’ve got to suit your needs.
Such analysis can be created for an array of reasons. Many investors have appeared to understand that certain components of the retail industry have outperformed other places. While through the early 2000s, many discount retailers earned better fundamentals when it comes to revenue and earnings, from analyst understandings, it seems that the current market power of valued stocks has shifted from such discount stores of Wal-Mart and Costco to more departmental companies such as J C Penney. Using this Plano, Texas located company to produce its quarterly results next Thursday (November 9, 2006), there is a strong possibility, when 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 at least the following six months.
Referring returning to the introduction, I stated the unemployment landmark for several reasons. Because I originally considered that the economy was slowing down in a more dramatic fashion than is apparently, such analysis would contribute to the assessment of any poor share price later on for retailers including J C Penney. However, as increasing numbers of people are obtaining jobs, and as more wages continue to rise coupled with a terrible savings rate for domestic consumers, there exists a good possibility which a company such as J C Penney can benefit immensely from such readings. As increasing numbers of consumers have more discretionary income to enjoy, as opposed to likely to discount uumhkm such as Wal-Mart to buy normal goods, the same consumers, especially during the holiday season, will tend 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 truth that Americans get more money and the reality that enough time has come for holiday shopping, for the following two quarters, at very least, J C Penney should secure the necessary numbers to boost the share cost of this stock to a lot more record highs.