J.C. Penney Biography

J.C. Penney biography

Quick Facts

NAME: James Cash Penney
OCCUPATION: Entrepreneur, Philanthropist
BIRTH DATE: September 16, 1875
DEATH DATE: February 12, 1971
PLACE OF BIRTH: Hamilton, Missouri

PLACE OF DEATH: New York City, New York

more about J.C.

Best Known For

James Cash Penney was a businessman and entrepreneur who, in 1902, founded the J.C. Penney stores.

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J.C. Penney

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J.C. Penney. (2012). Biography.com. Retrieved 11:25, May 22, 2012 from http://www.biography.com/people/jc-penney-38638

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Profile

J.C. Penney was a businessman who, in 1902, founded the J.C. Penney stores. As a clerk for a dry-goods store in Colorado, he bought out the owners and opened his first store. As each new store opened, Penney offered a profit-sharing plan to its manager, later offering stock options to all of his employees. By his death in 1971, his company was the second largest nonfood merchandiser in the U.S.