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James Cash Penney III (1903–1938), [10] who married Louise Ducoudray in 1927. [11] After Bertha died in 1910, he married Mary Hortense Kimball (d. 1923) in July 1919. Mary gave birth to their son before her death of unspecified medical issues: [3] Kimball Penney (1920–1979) In 1926, Penney married Caroline Marie Autenrieth (1895–1992). [12]
Penney originally operated the store in partnership with two James Cash Penney opened his first store, one of a chain known as "the Golden Rule," in Kemmerer, Wyo., on April 13, 1902.
The company opened its 500th store in 1924 in Hamilton, Missouri, James Cash Penney's hometown. By the opening of the 1,000th store in 1928, gross business had reached $190 million (equivalent to $3.37 billion in 2024). In 1940, Sam Walton began working at a J. C. Penney in Des Moines, Iowa. Walton subsequently founded retailer Walmart in 1962. [9]
The J. C. Penney Historic District is a historic district in Kemmerer, Wyoming, encompassing several properties associated with James Cash Penney (1875-1971). The district includes the Golden Rule Store, the first in what became the J. C. Penney department store chain, and Penney's home during the store's early years.
The stores were cash and carry. Collective buying by a national chain allowed JSPenney to avoid both overpriced goods and special sales. Ashland Memories: JCPenney comes to town, adhering to ...
And then the fourth pillar of our brand is, really came from James Cash Penney, our founder, is really the golden rule, which is serving others like we want to be served. And so I think what was ...
Myron Edward "Mike" Ullman III (November 26, 1946 – August 6, 2024) was an American businessman. During his career, he led Macy's and was the chairman and CEO of J. C. Penney . [ 1 ] [ 2 ] Ullman served as Penney's CEO twice: first from December 2004 through October 2011, when he was succeeded by Ron Johnson , and then again after Johnson's ...
James Cash Penney, who founded JC Penney in 1902, observed years later that, “Growth is never by mere chance; it is the result of forces working together.” This holds as true for the broader ...