facebooktwitterRSS
- Advertisement -
  • Most Commentedmost commented up
  • Most Emailedmost emailed up
  • Popularmost popular up
- Advertisement -
 

« News Home

JAMES CASH PENNEY



Published: Sun, April 7, 2002 @ 12:00 a.m.



JAMES CASH PENNEY

Personal highlights

1875: Born in Hamilton, Mo.

1902: Opened his first store selling dry goods in Kemmerer, Wyo. The son of a Baptist preacher who said he wanted to run his business on Christian principles, he named the store The Golden Rule.

1907: As more stores opened, he initiated a profit-sharing plan, which he later credited for the chain's success.

1913: Changed the chain's name to J.C. Penney Co. and moved corporate headquarters to New York.

1929: Lost $40 million in the stock market crash of 1929 and was nearly broke. A few years later, he was a millionaire again after borrowing money against an insurance policy.

1958: Retired as chairman of the board.

1971: Died at age 95.

J.C. PENNEY

Local stores

The history of J.C. Penney stores in the area:

1936: Store opens on Federal Street in downtown Youngstown.

1954: Store opens at the Mahoning Plaza in Youngstown.

1956: Store opens in the Boardman Plaza.

1957: Downtown Youngstown store is remodeled.

1958: Store opens in Liberty Plaza.

1963: Downtown Youngstown store is closed.

1964: Boardman Plaza store is expanded.

1969: Store opens in Shenango Valley Mall in Hermitage. That store remains today, but stores in New Castle and Ellwood City have closed.

1970: Store opens in Southern Park Mall in Boardman, but store in Boardman Plaza is closed.

1980: Company returns to Trumbull County with a store in Eastwood Mall. Earlier store in downtown Warren had closed.

1986: Liberty Plaza store closes.

1987: Grove City, Pa., store closes.

1988: Store opens in Austintown Plaza, and store in Mahoning Plaza is closed.

1996: Store in Salem is closed.




Comments

Use the comment form below to begin a discussion about this content.


News
Opinion
Entertainment
Sports
Marketplace
Classifieds
Records
Discussions
Community
Help
Forms
Neighbors

HomeTerms of UsePrivacy StatementAdvertiseStaff DirectoryHelp
© 2014 Vindy.com. All rights reserved. A service of The Vindicator.
107 Vindicator Square. Youngstown, OH 44503

Phone Main: 330.747.1471 • Interactive Advertising: 330.740.2955 • Classified Advertising: 330.746.6565
Sponsored Links: Vindy Wheels | Vindy Jobs | Vindy Homes | Pittsburgh International Airport