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Penney, James Cash

Born: 1875 AD
Died: 1971 AD
Nationality: American
Categories: Businessmen

1875 – Born on September 16th. American department store businessman and merchant.

1902 – Opened his first department store on April 14th.

         – The founder and eponym of J. C. Penney Company.

1927 – J.C. Penney went public, giving all his store managers shares and later including all his employees in corporate profit-sharing.

1950 – He published 50 Years with the Golden Rule.

1954 – He established the James C. Penney Foundation to support organizations addressing issues of community renewal, the environment, and world peace.

1957 – Penney became a charter member of the Distributive Education Clubs of America, helped found and funded Junior Achievement Clubs, and endowed a chair at Westminster College in Missouri.

1971 – J.C. Penney’s had 1660 stores in North America.

         – Died on February 12th.