J. C. Penney Company is one of the most famous American retail brands that come into the mid range chain in the retail marketing scenario. J. C. Penney Company is also popular by other two names. These are JCPenny and the other is Penney's. This American department store is primarily based in Plano in Texas.
There are numerous stores of this retail company in various places in the United States of America. Almost 1,050 stores are there in America and also in Puerto Rico. Along with these retail departments, there are also some leased departments under the world famous J. C. Penney Company. Some of these are Portrait Studios, Optical, Jewelry & Watch repair and many other companies.
The retail brand J . C. Penney Company was established in 1902. The founders of this grand retail company were James Cash Penney and William Henry McManus. The first store of this J . C. Penney Company was an ordinary store and the business was of dry goods. This store was named The Golden Rule. However, when J.C. Penney acquired a certain portion of this store in the year 1913, the names of the store was changed into J.C. Penney.
Although the company was a partner of J.C. Penney at the time, J.C. Penney Company acquired a certain portion of the retail chain named William McManus.
The headquarters of J.C. Penney was transferred to Salt Lake City in Utah in 1909. It was done because the location was much closer to the banks and also the railways. In the year of 1914, the headquarters was again relocated to Buffalo because from this place the transportation of the good became easy.
