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J. C. Penney, the Man: A Life of Perpetual Sharing

From inauspicious beginnings rose one of the great entrepreneurs in American history, a man with unusual dedication and exceptionally high ideals. James Cash Penney, Jr., was born September 16, 1875, near Hamilton, Missouri, to the Reverend James C. Penney and his wife, Fanny. The boy was one of twelve children, only six of whom survived to adulthood. His father was a less-than-prosperous Baptist preacher who also farmed. A man of strong Christian beliefs and upright morals, Reverend Penney later repeatedly ran for office on Populist tickets: he never won. The younger J. C. Penney survived being widowed twice and losing almost all his wealth in the Great Depression, but continued leading, writing, teaching, and preaching until his death at the age of ninety-five. Above all else, at every stage of life he shared everything he had. His name lives on on over eight hundred stores across the United States

EARLY LESSONS

When he was between eight and ten years old, Reverend Penney told young “Jim” that he needed to earn money to contr

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James Cash Penney

American businessman (1875–1971)

This article is about James Cash Penney, an American businessman. For the department store he founded, see JCPenney.

James Cash Penney
Penney, c. 1902
Born	James Cash Penney Jr. (1875-09-16)September 16, 1875 Hamilton, Missouri, U.S.
Died	February 12, 1971(1971-02-12) (aged 95) New York City, U.S.
Resting place	Woodlawn Cemetery (The Bronx, New York City)
Occupation	Businessman
Years active	1898–1971
Known for	Establishing JCPenney department stores in 1902

James Cash Penney Jr. (September 16, 1875 – February 12, 1971) was an American businessman and entrepreneur who founded the JCPenney stores in 1902.^[1]

Early life and education

Penney was born on September 16, 1875, on a farm outside of Hamilton, Missouri, the seventh of twelve children, only six of whom lived to adulthood, born to James Cash Penney and Mary Frances (born Paxton) Penney. Penney's father was a Baptist preacher and farmer whose strict discipline included making his son p

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James Cash Penney

Hamilton, Missouri and J.C. Penney, the Merchant Prince

J.C. Penney was an innovator in the retail industry in the United States and contributed to the way we shop today. That we typically don't haggle over prices in stores can be partially attributed to J.C. Penney's firm belief that prices should be low, set, and marked. The typical practice when Penney started in retail was to bargain for items. The initial price was determined by a salesclerk's judgment of the customer's appearance and dress. J.C. Penney also set many other standards in early retail that provided the foundation for contemporary retail practices.

J.C. Penney was born in 1875 on a farm just outside of Hamilton in Caldwell County, Missouri. His father, James Cash Penney, Sr., a farmer, minister, and civic leader along with his devout mother, Mary Frances Penney, influenced Penney's lifetime ethics. Penney lived his early life by the Golden Rule and the influence was life-long. He started in retail in Hamilton as a clerk and later moved to Colorado, where he worked for and eventually ow