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JCPenney stores often house several leased departments such as, Seattle's Best Coffee , optical centers, and portrait studios. Most JCPenney stores are located in suburban shopping malls. Before , most of its stores were located in downtown areas. As shopping malls became more popular during the later half of the 20th century, JCPenney began relocating and developing stores to anchor the malls.
In more recent years, the chain has continued to follow consumer traffic, echoing the retailing trend of opening some freestanding stores, including some next door to competitors. Certain stores are located in power centers.
The company has been an Internet retailer since It has streamlined its catalog and distribution while undergoing renovation improvements at store level. The deal was approved by the U. James Cash Penney was born in Hamilton, Missouri. After graduating from high school, Penney worked for a local retailer.
He relocated to Colorado at the advice of a doctor, hoping that a better climate would improve his health. Using money from savings and a loan, Penney joined the partnership and moved with his wife and infant son to Kemmerer, Wyoming , to start his own store.
In , Penney moved his company headquarters to Salt Lake City , Utah to be closer to banks and railroads. By , Penney had 34 stores in the Rocky Mountain States. In , all stores were consolidated under the J. Penney banner. The so-called "mother store", in Kemmerer, opened as the chain's second location in It still operates, as of , albeit with shorter hours than many other locations, and is closed on Sundays. In , the company was incorporated under the new name, J.
In , the headquarters was moved to New York City to simplify buying, financing, and transportation of goods. Penney acquired The Crescent Corset Company in , the company's first wholly owned subsidiary. In , the company's oldest active private brand, Big Mac work clothes, was launched. In , Sam Walton began working at a J.
Penney in Des Moines, Iowa. Walton later went on to found future retailer Walmart in Penney operated 1, stores in all 48 states. In , J. Penney started national advertising with a series of advertisements in Life magazine.
Penney credit cards were first issued in Penney entered discount merchandising with the acquisition of General Merchandise Company which gave them The Treasury stores. These discount operations proved unsuccessful and were shuttered in Penney issued its first catalog. The company operated in-store catalog desks in eight states.
The catalogs were distributed by the Milwaukee Catalog distribution center. The company dedicated its first full-line, shopping center department store in The second full-line shopping center store was dedicated, at King of Prussia Plaza , in King of Prussia, Pennsylvania in late Those stores expanded the lines of merchandise and services that an average J.
Penney expanded to include Alaska and Hawaii in the s. The company opened stores in Anchorage and Fairbanks , Alaska in The Penney Building in Anchorage partially collapsed and was damaged beyond repair in the Alaska earthquake. Penney "finished" its national expansion with the opening of its Honolulu , Hawaii store, at Ala Moana Center all Hawaii stores were closed in It was the largest J.
Penney until a ,square-foot 28, m 2 store was dedicated at Greater Chicago's Woodfield Mall in In , the company acquired Thrift Drug , a chain of drugstores headquartered in Pittsburgh , Pennsylvania. It also acquired Supermarkets Interstate , an Omaha -based food retailer which operated leased departments in J.
Penney stores, The Treasury stores, and Thrift Drug stores. On February 12, , James Cash Penney died at the age of 95; the company's stores were closed the morning of his funeral on February Penney reached its peak number of stores in , with 2, stores, of which were full-line establishments.
Penney sold its stores in Italy to La Rinascente and also removed its Supermarkets Interstate leased departments. In , the company closed the unprofitable Treasury discount stores to focus resources on its core retail stores.
National Historic Landmark. In , the Visa card began to be accepted in J. Penney stores. MasterCard was accepted the following year. Penney discontinued its appliance, hardware, outdoor equipment, and auto center departments, and also sold its automotive centers to Firestone. Also in , J. Penney began selling online through the Viewtron videotex service.
The move was considered controversial then as no other high-end designer up to that point in time had licensed their designs to a mid-price retailer.
The line, named Halston III, would not last long, as it would be poorly received and discontinued after about a year. However, the business move paved the way for other such high-end designers to sell their products at stores of varying price ranges in the future. Penney National Bank. With the acquisition of the bank, the company became able to issue its own Mastercard and Visa Inc. The company also began accepting American Express cards.
Also that year, Thrift Drug began co-locating stores with Weis Markets , and acquired many former Pantry Pride properties. In April , the company announced that it was moving its headquarters to Plano, Texas. Penney stores had discontinued sales of firearms. Before this point, J. Penney carried rifles and shotguns branded as J.
Penney but produced by numerous established firearms manufacturers. In the 80's JCPenney's also stopped selling outdoor equipment and hardware such as lawn mowers and tools. The company headquarters in Plano, Texas broke ground in and was completed in When Sears closed its catalog business in , J.
Penney became the largest catalog retailer in the United States. In , the company expanded its drug store business with the acquisition of Fay's Drug and Kerr Drug.
These acquisitions momentum climaxed with the acquisition of the Eckerd chain in November. Fay's, Kerr, and Eckerd merged into J. Penney's drug store subsidiary Thrift Drug. Fay's, most Kerr, and Thrift drug stores were re-branded Eckerd in Kerr Drug stores in The Carolinas remained branded as such because they were part of a group of stores that were divested because of trade competition issues raised during the merger.
Penney launched its Internet store. In —, J. Penney entered Indonesia under partnership with Lippo Group under their Multipolar investment arm with the branding JCPenney Collections , also used by multiple international J.
Penney branches across Asia during the decade. This type of JCPenney store only featured fashion for men, women and kids.
During its tenure, J. Penney opened two flagship stores: in on the upper ground level of Lippo Supermal now Supermal Karawaci , and in on the upper ground and first level of Mal Taman Anggrek. Aside from the two, J. All stores of JCPenney Collections in Indonesia started planning to close down due to Asian financial crisis — with the JCPenney Collections store in Taman Anggrek closed in December , and the May riots — with the Lippo Supermal store looted by mass and also exiting the mall that same month having to close down for a period of time due to damage caused by arson in other sections of the mall.
In early , J. Penney closed 44 under-performing stores. The new one-level, 94, sq ft 8, m 2 format stores focus on convenience with wider aisles and centralized checkouts. Penney's e-commerce storefront exceeded the one billion dollar revenue mark for the first time.
Penney launched the Ambrielle lingerie label, which became its largest private brand launched in the company's history. Penney also re-introduced cosmetics with the opening of Sephora "stores-within-a-store" inside some J. Penney locations. Beginning in , J. After J. Penney sold off Eckerd in , the locations that continued to operate as Eckerd some locations in the Southern U.
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