What type of retailer is jcpenney

Penney credit cards were first issued in Penney entered discount merchandising with the acquisition of General Merchandise Company which gave them The Treasury stores. These discount operations proved unsuccessful and were shuttered in Penney issued its first catalog. The company operated in-store catalog desks in eight states. The catalogs were distributed by the Milwaukee Catalog distribution center. The company dedicated its first full-line, shopping center department store in The second full line shopping center store was dedicated, at King of Prussia Plaza, in King of Prussia, Pennsylvaniain late Those stores broadened the lines of merchandise and services that a typical J.

Penney carried to include appliances, sporting goods, garden merchandise, restaurants, beauty salons, portrait studios, auto parts and auto centers. Penney expanded to include Alaska and Hawaii in the s. The company opened stores in Anchorage and Fairbanks, Alaska in The Penney Building in Anchorage partially collapsed and was damaged beyond repair in the Alaska earthquake. It was the largest J. In , the company acquired Thrift Drug, a chain of drugstores headquartered in Pittsburgh, Pennsylvania.

It also acquired Supermarkets Interstate , an Omaha-based food retailer which operated leased departments in J. Penney stores, The Treasury stores, and Thrift Drug stores. On February 12, , James Cash Penney died at the age of JCPenney reached its peak number of stores in , with 2, stores, of which were full-line establishments. However, the company was hard hit by the recession with its stock price declining by two-thirds.

Penney sold its stores in Italy toLa Rinascente and also removed its Supermarkets Interstate leased departments. In , The company closed the Treasury discount stores because they were unprofitable and decided to focus resources on its core retail stores. In , the J. National Historic Landmark. In , the Visa card began to be accepted in JCPenney stores. MasterCard was accepted the following year.

In , JCPenney discontinued its hardware and automotive departments, and also sold its auto repair shops to Firestone. Also in , JCPenney began selling online through theViewtron videotex service. With the bank the company became able to issue its own MasterCard and Visa cards.

The company also began acceptingAmerican Express cards. Also that year, Thrift Drug began co-locating stores with Weis Markets, and acquired many former Pantry Pride properties. In April , the company announced that it was moving its headquarters to Dallas, Texas. After several years of development, the JCPenney Television Shopping Channel appeared on cable systems beginning in By the mids, all JCPenney stores had discontinued sales of firearms.

Before this point, JCPenney carried rifles and shotguns branded with the JCPenney brand but produced by numerous established firearms manufacturers. In , the company broke ground with the new corporate headquarters in Plano, Texas. It was completed in When Sears closed its catalog business in , J. Penney became the largest catalog retailer in the United States. Penney" and take you straight to the corresponding statistics.

In the following 3 chapters, you will quickly find the 17 most important statistics relating to "J. Skip to main content Try our corporate solution for free!

Single Accounts Corporate Solutions Universities. Published by Statista Research Department , May 11, In the last couple years, J. Penney has seen a slight decrease in sales, from about In , in an effort to revitalize their sales and attract more customers J. Penney began partnering with the cosmetic retailer Sephora by opening mini-Sephora stores within select locations.

Despite this strategy, J. Penney has consistently suffered net losses in recent years. Penney operated locations across the United States as of In the past several years, the department store chain has had to close many low-performing locations in order to focus on improving the rest of their stores.

On a point customer satisfaction scale, J. Penney attained a score of 77 , which was above the U. A survey of U.

Construction workers build a JCPenney store in Denver in A couple of store managers, George F. McDougall and Graham Vaughn, confer at a Denver location in Shoppers hurry across an intersection in front of a JCPenney store in Denver in Russell Martin, a store manager in Denver, shows a sword to a couple that won it as a special promotion in JCPenney reached its peak number of stores in , when it operated just over 2, locations nationwide.

A woman does a double take after seeing what she thought was a mannequin move in a JCPenney window in A JCPenney exchange desk is busy on the day after Christmas in