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13 October
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History of JC Penny

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Good article from History of Business Blog…

J.C. Penney was founded in 1902 by James Cash Penney and William Henry McManus. The original name for the store that started J.C. Penney in the dry goods business was The Golden Rule, but was changed to J.C. Penney in 1913 when Penney accepted a majority ownership of the chain, William McManus still being a partner. The mother store is located in Kemmerer, Wyoming and still operates as of 2007.

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