J. C. (JAMES CASH) PENNEY - INSCRIBED SIGNATURE 08/07/1952 - HFSID 173955
Sale Price $545.00
Reg. $650.00
J. C. PENNEY
Inscribed 1952 signature
Inscribed signature: "To/Mr. P. K. Thomajian/Sincerely/J.C.
Penney/8-7-'52", 5½x8¼. James Cash Penney (1875-1971), who opened
his first store in 1902 in Wyoming, had a chain of 34 stores generating
sales of $2 million by 1912. The following year, his Golden Rule stores were
incorporated as J.C. Penney, Inc., which moved its operations to New York City
to be closer to major suppliers in 1914. Penney, who semi-retired in 1946,
assumed the title of Honorary Chairman. Today, there are approximately 1,100
J.C. Penney stores employing more than 290,000 associates in the U.S., Puerto
Rico and Mexico. Fine condition.
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