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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, …Mar 24, 2021 · We have 18 stores that are scheduled to close to the public on May 16,” J.C. Penney said in a brief statement to USA TODAY. "There are no additional store closures planned at this time." In ... JCPenney was founded in Kemmerer, Wyoming, in 1902 by James Cash Penney. The first store, named The Golden Rule, set the standard by which we have operated for over a century – to treat others as we would like to be treated. Today, we operate more than 650+ locations across the United States and Puerto Rico – and while fashion and shopping ...JCPenney said Thursday it plans to spend more than $1 billion by the end of 2025 in a bid to revive the storied but troubled 121-year-old department store chain. 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