Word: penneyer
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...cities and towns, most of them under 10,000 population, the unpretentious façade of J. C. Penney Co. is as familiar as Main Street. The farmer who goes to town usually stops at Penney's, and so do the townsfolk who don't mind cash & carrying from Penney's to save dollars. This habit of year-in & year-out buying at Penney's has built the company, which has stores in every state, into the third biggest U.S. retail chain. Last year, only Sears, Roebuck & Co. and Montgomery Ward & Co., Inc. sold more goods...
Last week, at a time when U.S. retailers were feeling a sag in sales (average: 4%), Penney's was still booming. In the first five months this year, its sales of $305 million were 5% higher than in 1948. Penney's was completing three new stores (in Houston, Sault Sainte Marie, Mich, and Midvale, Utah), expanding its store in Albuquerque, opening another one in Oklahoma City. Next January it will also open a big new store in Springfield, Mass., its 1,608th outlet...
Poverty & Progress. All this grew from a single store which 27-year-old James Cash Penney started 47 years ago in the mining town of Kemmerer, Wyo. (pop. 1,000). Young Penney, frail and ailing, had gone West for his health from Hamilton, Mo., where he grew up in poverty on the farm of his father, an unpaid Baptist preacher. From the age of eight, young J.C. had to buy his own clothes; at 19 heard his dying father murmur: "Jim will make it. I like the way he has started...
...addition of the Boston Store's earnings helped assure Federated of fourth place among U.S. department store chains. Still ahead of Federated (20 stores with the Boston) are J.C. Penney Co. (1,603 stores), the May Department Stores Co. (24 stores) and Allied Stores Corp. (78 stores). Profitwise Lazarus, with a $13 million net in sight this year, is already pushing Allied for third place...
...interfere with comfort or convenience. Terrace Plaza bedrooms can be turned into living rooms by day, have multi-purpose closets with built-in desks and bars. The huge windowless base will be a shopping center and office building, housing such varied tenants as J. C. Penney Co., Lever Bros, and Ford Motor...