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, as well as 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 giant retailer is still operating and thriving. With a long 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 america and Puerto Rico.
JC Penney stores can be obtained mostly in malls, however, you can still find some freestanding stores occasionally. Together with retail stores, the Company 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 plus they are always well stocked using the latest fashions in apparel, accessories and furnishings. Their Big Mac work clothes lines are favored by those that earn an income doing rugged jobs that need rugged clothes.
The company is extremely focused on offering quality and value, however are also focused on inspiring employee and customer loyalty through numerous programs which make the stores a fantastic place to work and shop. As 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 in the near future. Offering products which 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 every person with respect earns them a very high position on the planet of retailers. Visit JCPenney holiday hours today and discover what they’ve got for you.
Such analysis can be made for an array of reasons. Many investors have appeared to understand that certain components of the retail industry have outperformed other locations. While with the early 2000s, many discount retailers earned better fundamentals with regards to revenue and earnings, from analyst understandings, it seems that the current market concentration of valued stocks has shifted from such discount stores of Wal-Mart and Costco to more departmental companies such as J C Penney. With this Plano, Texas located company to produce its quarterly results next Thursday (November 9, 2006), you will find a strong possibility, in the event the other stocks are any indication that shares of J C Penney will likely be favorable to the shareholder and sustain such optimism for at least the following six months.
Referring back to the introduction, I stated the unemployment landmark for a number of reasons. When I originally believed that the economy was slowing down in a more dramatic fashion than appears to be, such analysis would contribute to the assessment of the poor share price in the future for retailers such as J C Penney. However, as increasing numbers of individuals are obtaining jobs, so when more wages still rise along with an awful savings rate for domestic consumers, you will find a good possibility that the company including J C Penney will benefit immensely from such readings. As increasing numbers of consumers acquire more discretionary income to enjoy, rather than planning to discount uumhkm including Wal-Mart to purchase normal goods, these same consumers, especially through the season, will often switch their purchases to more luxury goods found in departmental stores. As that takes place, basic principles for J C Penney should sky rocket as both the truth that Americans have more money and the reality that enough time comes for holiday shopping, for the upcoming two quarters, at very least, J C Penney should keep the necessary numbers to improve the share cost of this stock to a lot more record highs.