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J.C. Penney biography

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  • PLACE OF DEATH: New York City, New York
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James Cash Penney was a businessman and entrepreneur who, in 1902, founded the J.C. Penney stores.


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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.

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