JCPENNEY CELEBRATES A CENTURY OF SERVICE IN TEXAS
March 30 2017 - 6:38PM
State of Texas
Composing Concurrent Resolution in Recognition of 100th
Anniversary
PLANO, Texas -
(March 30, 2017) - It's been 100 years since J. C. Penney
Company, Inc. (NYSE:JCP) said howdy to the great state of Texas,
and the Company is fixin' to celebrate its
rich legacy in the Lone Star State. The Company will commemorate a
century of serving Texas customers on March 31 with a special
anniversary ceremony at its location in Wichita Falls - the same
city founder James Cash Penney made his first foothold in the state
100 years ago.
"James Cash Penney was a retail
trailblazer during the early 20th century,
expanding his Company across the country at a rapid clip to provide
the best products and highest levels of service to hard-working
Americans," said Joe McFarland, executive vice president of stores.
"He operated his business based upon the Golden Rule of treating
customers as he would like to be treated, and this guiding
principle still resonates with Texans today. We're proud to return
to our roots and celebrate the occasion with our customers and
associates in Wichita Falls and Texas."
During the early 1900s, the J.C.
Penney Company was swiftly expanding across America. With 120 store
locations serving customers in thriving downtown locations across
multiple states, Penney opened an additional 50 store locations in
1917 - five located within Texas. The timing of these store
openings was particularly precarious, as the United States was
preparing to enter World War I. Penney persisted in his vision of
serving customers in additional markets despite the war, opening 20
more locations across the U.S. in 1918.
Four of the five stores that
opened in Texas 100 years ago - Abilene, Paris, Temple and Wichita
Falls - are still operating within their original communities today
at alternate locations. After World War II, the Company followed
its customers from downtown shopping districts into sprawling
suburbs, and later into regional shopping malls, as society and
shopping patterns evolved. Today, Texas is home to 90 JCPenney
stores and the Company's Home Office, which relocated to Plano from
New York City in 1988.
To honor the Company's centennial
in Texas, the state's legislature is composing a concurrent
resolution that would recognize the retailer's historic milestone.
The resolution, which requires passage by both the Texas senate and
house of representatives, salutes JCPenney for serving customers,
creating jobs and contributing to the vitality of the Texas retail
industry. The resolution also extends best wishes to the Company
and its associates for continued success.
For images, please visit
http://www.jcpnewsroom.com/news-releases/2017/0330_celebrates_century_of_service_in_texas.html
Media
Relations:
(972) 431-3400 or jcpnews@jcp.com; follow us at @jcpnews
Investor
Relations:
(972) 431-5500 or jcpinvestorrelations@jcpenney.com
About
JCPenney:
J. C. Penney Company, Inc. (NYSE:JCP), one of the nation's largest
apparel and home furnishings retailers, is on a mission to ensure
every customer's shopping experience is worth her time, money and
effort. Whether shopping jcp.com or visiting one of over 1,000
store locations across the United States and Puerto Rico, she will
discover a broad assortment of products from a leading portfolio of
private, exclusive and national brands. Supporting this value
proposition is the warrior spirit of over 100,000 JCPenney
associates worldwide, who are focused on the Company's three
strategic priorities of strengthening private brands, becoming a
world-class omnichannel retailer and increasing revenue per
customer. For additional information, please visit jcp.com.
###
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of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: J. C. Penney Company, Inc. via Globenewswire
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