James Cash Penney, American businessman and philanthropist, founded J. C. Penney (b. 1875)

James Cash Penney Jr., widely known as J. C. Penney, was a truly transformative American businessman and a pioneering entrepreneur whose vision reshaped the landscape of retail. Born on September 16, 1875, and leaving an indelible mark before his passing on February 12, 1971, Penney is most celebrated as the founder of the iconic JCPenney department store chain.

His journey into retail began in 1902 when he established his first store in Kemmerer, Wyoming. This inaugural establishment was originally named "The Golden Rule" store, a reflection of Penney's core business philosophy rooted in principles of fairness, honesty, and treating customers and employees with respect. Unlike many retailers of his era, Penney championed transparent pricing and offered quality merchandise, quickly building trust and a loyal customer base. This innovative approach, combined with a unique system of making store managers partners in the business, spurred remarkable growth. By 1913, the company, now officially incorporated as J. C. Penney Company, Inc., had already expanded to 34 stores across the Western United States, laying the foundation for what would become a nationwide retail empire.

J. C. Penney's enduring legacy extends beyond the vast network of stores he created. He was a staunch advocate for ethical business practices and his personal life often reflected his deep moral convictions. His contributions helped define the modern department store experience, emphasizing customer value and fostering a culture of integrity within his growing enterprise. The brand he founded continues to serve millions, a testament to his original vision and entrepreneurial spirit.

Frequently Asked Questions About J. C. Penney and the Founding of JCPenney

Who was James Cash Penney Jr.?

James Cash Penney Jr., commonly known as J. C. Penney, was a prominent American businessman and entrepreneur. He is best known as the founder of the JCPenney chain of department stores, a major retail presence in the United States.

When was the JCPenney store founded?

J. C. Penney founded his first store in 1902. This initial establishment eventually grew into the vast JCPenney department store chain that is recognized today.

What was the original name of JCPenney's first store?

The very first store founded by James Cash Penney Jr. was named "The Golden Rule" store. This name reflected his commitment to ethical business practices and fair dealings with both customers and employees.

Where was the first JCPenney store located?

The inaugural "The Golden Rule" store, which marked the beginning of the JCPenney enterprise, was opened in Kemmerer, Wyoming.