J. C. Penney
J. C. Penney Company, Inc. is an American department store chain with 864 locations in 49 U. S. states and Puerto Rico. In addition to selling conventional merchandise, J. C. Penney stores house several leased departments such as Sephora, Seattle's Best Coffee, auto centers, optical centers, portrait studios, jewelry repair. Most J. C. Penney stores are located in suburban shopping malls. Before 1966, most of its stores were located in downtown areas; as shopping malls became more popular during the half of the 20th century, J. C. Penney followed the trend by relocating and developing stores to anchor the malls. In more recent years, the chain has continued to follow consumer traffic, echoing the retailing trend of opening some freestanding stores, including some next door to competitors. Certain stores are located in power centers; the company has been an Internet retailer since 1998. It has streamlined its catalog and distribution while undergoing renovation improvements at store level. James Cash Penney was born in Missouri.
After graduating from high school, Penney worked for a local retailer. He relocated to Colorado at the advice of a doctor, hoping that a better climate would improve his health. In 1898, Penney went to work for Thomas Callahan and Guy Johnson, who owned dry goods stores called Golden Rule stores in Colorado and Wyoming. In 1899, Callahan sent Penney to Evanston, Wyoming, to work with Johnson in another Golden Rule store. Callahan and Johnson asked Penney to join them in opening a new Golden Rule store. Using money from savings and a loan, Penney joined the partnership and moved with his wife and infant son to Kemmerer, Wyoming, to start his own store. Penney opened the store on April 14, 1902, he participated in the creation of two more stores and purchased full interest in all three locations when Callahan and Johnson dissolved their partnership in 1907. In 1909, Penney moved his company headquarters to Salt Lake City, Utah to be closer to banks and railroads. By 1912, Penney had 34 stores in the Rocky Mountain States.
In 1913, all stores were consolidated under the J. C. Penney banner; the so-called "mother store", in Kemmerer, opened as the chain's second location in 1904. It still operates, as of 2018, albeit with shorter hours than many other locations, is closed on Sundays. In 1913, the company was incorporated under the new name, J. C. Penney Company, with William Henry McManus as a co-founder. In 1914, the headquarters was moved to New York City to simplify buying and transportation of goods. By 1917, the company operated 175 stores in 22 states in the United States. J. C. Penney acquired The Crescent Corset Company in 1920, the company's first wholly owned subsidiary. In 1922, the company's oldest active private brand, Big Mac work clothes, was launched; the company opened its 500th store in 1924 in Hamilton, James Cash Penney's hometown. By the opening of the 1,000th store in 1928, gross business had reached $190,000,000. In 1940, Sam Walton began working at a J. C. Penney in Iowa. Walton went on to found future retailer Walmart in 1962.
By 1941, J. C. Penney operated 1,600 stores in all 48 states. In 1956, J. C. Penney started national advertising with a series of advertisements in Life magazine. J. C. Penney credit cards were first issued in 1959. In 1962, J. C. Penney entered discount merchandising with the acquisition of General Merchandise Company which gave them The Treasury stores; these discount operations proved unsuccessful and were shuttered in 1981. In 1963, J. C. Penney issued its first catalog; the company operated in-store catalog desks in eight states. The catalogs were distributed by the Milwaukee Catalog distribution center; the company dedicated its first full-line, shopping center department store in 1961. This store was located in Audubon, New Jersey; the second full-line shopping center store was dedicated, at King of Prussia Plaza, in King of Prussia, Pennsylvania in late 1962. Those stores expanded the lines of merchandise and services that an average J. C. Penney carried to include appliances, sporting goods, garden merchandise, beauty salons, portrait studios, auto parts, auto centers.
J. C. Penney expanded to include Hawaii in the 1960s; the company opened stores in Anchorage and Fairbanks, Alaska in 1962. The Penney Building in Anchorage collapsed and was damaged beyond repair in the 1964 Alaska earthquake; the company rebuilt the store as a shorter building on a larger footprint and followed up by building Anchorage's first public parking garage, which opened in 1968. In 1966, J. C. Penney "finished" its national expansion with the opening of its Honolulu, Hawaii store, at Ala Moana Center; the Penney store at Plaza Las Américas mall in San Juan, Puerto Rico, which opened in 1968, featured three levels and 261,500 square feet. It was the largest J. C. Penney until a 300,000-square-foot store was dedicated at Greater Chicago's Woodfield Mall in 1971; the Woodfield Mall store served as the largest in the chain until a replacement store opened at Plaza Las Américas in 1998, 350,000 square feet in size. In 1969, the company acquired Thrift Drug, a chain of drugstores headquartered in Pittsburgh, Pennsylvania.
It acquired Supermarkets Interstate, an Omaha-based food retailer which operated leased departments in J. C. Penney stores, The Treasury stores, Thrift Drug stores. On February 12, 1971, James Cash Penney died at the age of 95. Out of respect for his death, the company's stores were closed for the morning of February 16 during his funeral; that year, the company's revenues reached $5 billion
St. Clair Square
St. Clair Square is an enclosed shopping mall in Fairview Heights, Illinois. Opened in 1974, the mall features Macy's, Dillard's, JCPenney, Sears as its anchor stores, it is managed by CBL & Associates Properties. The May Department Stores Company, through its subsidiary May Centers, Inc. built the mall in 1974 with Famous-Barr, JCPenney, Sears. Stix Baer & Fuller built a store on the mall site in 1979; this store became Dillard's in 1984. It was sold to The Hahn Company in 1989. A food court was added in the early 1990s. Hahn sold it to CBL & Associates Properties in 1996. At the time, it was the fifth-largest mall in Missouri metropolitan area. Famous-Barr became Macy's in 2006; the same year, the Dillard's store was expanded by 80,000 square feet. On December 28, 2018, it was announced that Sears would be closing as part of a plan to close 80 stores nationwide; the store will close in March 2019. St. Clair Square
J. B. White
J. B. White was a department store chain in the Southeastern United States founded in Augusta, Georgia in 1874 by James Brice White, an Irish immigrant. In the early 1910s, White sold the store to the H. B. Calvin Company, owner of Lord & Taylor; the store's initial offerings included clothing, furniture and community programs. Owned by now-defunct Mercantile Stores for most of its existence, most locations of the chain were in South Carolina, though locations existed in Augusta and Savannah. Most locations became. White locations in overlapping areas became Belk. In Augusta, the original downtown store added two suburban branches, a full-line store at the National Hill's shopping center and a homegoods only location in the Daniel Village shopping center. In 1978, the store left its longtime downtown flagship for a new one at Regency Mall twenty years J. B. White moved to its last flagship location at Augusta Mall in 1998. Shortly before the sale to Dillard's; the Savannah location opened at Savannah Mall in 1990.
The defunct Augusta, Georgia store on Broad Street was purchased in June 2007 to be converted into condominiums
In retail, an "anchor tenant", sometimes called an "anchor store", "draw tenant", or "key tenant", is a larger tenant in a shopping mall a department store or retail chain. With their broad appeal, they are intended to attract a significant cross-section of the shopping public to the center, they are offered steep discounts on rent in exchange for signing long-term leases in order to provide steady cash flows for the mall owners. When the planned shopping centre format was developed by Victor Gruen in the early to mid-1950s, signing larger department stores was necessary for the financial stability of the projects, to draw retail traffic that would result in visits to the smaller shops in the centre as well. Anchors have their rents discounted, may receive cash inducements from the centre to remain open. Early on, grocery stores were a common type of anchor store. However, research on consumer behavior revealed that most trips to the grocery store did not result in visits to surrounding shops.
Large supermarkets remain common anchor stores within power centers however. As of 2005, the declining popularity of old-line department stores makes it necessary for mall management companies to consider re-anchoring with other retail alternatives, or mix commercial development with residential development to guarantee a captive clientele; the challenges faced by the traditional large department stores have led to a resurgence in the use of supermarkets and gyms as anchors. The International Council of Shopping Centers makes the presence of anchors one of the main defining characteristics of the two largest categories of centres, the regional center with 400,000 to 800,000 square feet in gross leasable area, the superregional center with more than 800,000 square feet of space; the regional center has two or more anchors, while the superregional has three or more. In each case, the anchors account for 50–70% of the centre's leasable space. Shopping centres with anchor stores have outperformed those without one, as the anchor helps draw shoppers attracted to the anchor to shop at other shops in the mall.
Retail Shopping centre Supermarket
Costco Wholesale Corporation, doing business as Costco, is an American multinational corporation which operates a chain of membership-only warehouse clubs. As of 2015, Costco was the second largest retailer in the world after Walmart, as of 2016, Costco was the world's largest retailer of choice and prime beef, organic foods, rotisserie chicken, wine. Costco is ranked #15 on the Fortune 500 rankings of the largest United States corporations by total revenue; the company is planning to open a warehouse in China in 2019. Costco's worldwide headquarters are in Washington, a suburb east of Seattle. Through mergers, Costco's corporate history dates back to 1976, when its former competitor Price Club was founded in San Diego, California; as of March 7, 2019, Costco had a total of 770 warehouses: 531 in the United States and 4 in Puerto Rico, 100 in Canada, 39 in Mexico, 28 in the United Kingdom, 26 in Japan, 15 in South Korea, 13 in Taiwan, 10 in Australia, 2 in Spain, 1 in Iceland and France. Costco's history began with Sol Price and his son, opening the first Price Club warehouse on July 12, 1976, on Morena Boulevard in San Diego, thus giving birth to a new concept: a retail warehouse club.
The Price family placed Price Club Warehouse #1 inside a series of old airplane hangars owned by Howard Hughes. Costco opened its first warehouse in 1983 in Seattle on September 15, by James Sinegal and Jeffrey H. Brotman. Sinegal had started in wholesale distribution by working for Sol Price at FedMart and Brotman, an attorney from an old Seattle retailing family, had been involved in retail distribution from an early age, he began his retail involvement as a grocery bagger. A second store opened in Portland in October, a third in Spokane in December 1983. In 1993, Costco and Price Club agreed to merge operations themselves after Price declined an offer from Sam Walton and Walmart to merge Price Club with their warehouse store chain, Sam's Club. Costco's business model and size were similar to those of Price Club, which made the merger more natural for both companies; the combined company took the name PriceCostco, memberships became universal, meaning that a Price Club member could use their membership to shop at Costco and vice versa.
PriceCostco boasted 206 locations generating $16 billion in annual sales. PriceCostco was led by executives from both companies, but the Price brothers soon left the company in 1994 to form Price Enterprises, a warehouse club chain in Central America and the Caribbean unrelated to the current Costco. In 1997, the company changed its name to Costco Wholesale Corporation and all remaining Price Club locations were rebranded as Costco; as of November 2018 Costco has 768 warehouses worldwide as shown below: 533 in 44 U. S. States & Puerto Rico 100 in 9 Canadian provinces 39 in Mexico 28 in the United Kingdom 26 in Japan 15 in Korea 13 in Taiwan 10 in Australian states and the Australian Capital Territory 2 in Spain 1 in Iceland 1 in France On April 26, 2012, CNBC premiered its documentary, The Costco Craze: Inside the Warehouse Giant. In 2014, Costco was the third largest retailer in the United States; that year Costco announced plans to open an online store in China using Alibaba Group. In the United States, Costco's main competitors operating membership warehouses are Sam's Club and BJ's Wholesale Club.
Costco employs more than 205,000 part-time employees worldwide. In 2016, Costco had 85 million members. In 2017, Costco had 90.3 million members. Costco was the first company to grow from zero to $3 billion in sales in under six years. For the fiscal year ending on August 31, 2012, the company's sales totaled $97.062 billion, with $1.709 billion net profit. Costco is 18th on the 2015 Fortune 500; the ACSI named Costco number one in the specialty retail store industry with a score of 84 in 2014. From December 2013, Costco's board of directors was chaired by co-founder Jeffrey H. Brotman and included James Sinegal, co-founder and director, two officers of the company: president/CEO W. Craig Jelinek and CFO Richard A. Galanti. On August 1, 2017, Jeffrey Brotman died; as of August 2017, James Sinegal and W. Craig Jelinek remain on the board. For the fiscal year 2018, Costco reported earnings of US$3.134 billion, with an annual revenue of US$141.576 billion, an increase of 9.7% over the previous fiscal cycle.
Costco's shares traded at over $205 per share, its market capitalization was valued at over US$95.7 billion in October 2018. Costco focuses on selling products at low prices at high volume; these goods are bulk-packaged and marketed to large families and businesses. Furthermore, Costco does not carry multiple brands or varieties where the item is the same except when it has a house brand to sell under the Kirkland Signature label; this results in a high volume of sales for the brand in question, allowing further reductions in price and marketing costs. A typical Costco warehouse carries only 4,000 distinct products, while a typical Walmart Supercenter carries 140,000 products. If Costco feels the wholesale price of a product is too high, they will refuse to stock the product. For example, in November 2009, Costco announced that it would stop selling Coca-Cola products because the soft-drink maker refused to lower its wholesale prices. Costco resumed selling Coca-Cola products the following month.
Costco saves money by not stocking extra bags or packing materials.
Illinois is a state in the Midwestern and Great Lakes region of the United States. It has the fifth largest gross domestic product, the sixth largest population, the 25th largest land area of all U. S. states. Illinois is noted as a microcosm of the entire United States. With Chicago in northeastern Illinois, small industrial cities and immense agricultural productivity in the north and center of the state, natural resources such as coal and petroleum in the south, Illinois has a diverse economic base, is a major transportation hub. Chicagoland, Chicago's metropolitan area, encompasses over 65% of the state's population; the Port of Chicago connects the state to international ports via two main routes: from the Great Lakes, via the Saint Lawrence Seaway, to the Atlantic Ocean and from the Great Lakes to the Mississippi River, via the Illinois Waterway to the Illinois River. The Mississippi River, the Ohio River, the Wabash River form parts of the boundaries of Illinois. For decades, Chicago's O'Hare International Airport has been ranked as one of the world's busiest airports.
Illinois has long had a reputation as a bellwether both in social and cultural terms and, through the 1980s, in politics. The capital of Illinois is Springfield, located in the central part of the state. Although today's Illinois' largest population center is in its northeast, the state's European population grew first in the west as the French settled the vast Mississippi of the Illinois Country of New France. Following the American Revolutionary War, American settlers began arriving from Kentucky in the 1780s via the Ohio River, the population grew from south to north. In 1818, Illinois achieved statehood. Following increased commercial activity in the Great Lakes after the construction of the Erie Canal, Chicago was founded in the 1830s on the banks of the Chicago River at one of the few natural harbors on the southern section of Lake Michigan. John Deere's invention of the self-scouring steel plow turned Illinois's rich prairie into some of the world's most productive and valuable farmland, attracting immigrant farmers from Germany and Sweden.
The Illinois and Michigan Canal made transportation between the Great Lakes and the Mississippi River valley faster and cheaper, new railroads carried immigrants to new homes in the country's west and shipped commodity crops to the nation's east. The state became a transportation hub for the nation. By 1900, the growth of industrial jobs in the northern cities and coal mining in the central and southern areas attracted immigrants from Eastern and Southern Europe. Illinois was an important manufacturing center during both world wars; the Great Migration from the South established a large community of African Americans in the state, including Chicago, who founded the city's famous jazz and blues cultures. Chicago, the center of the Chicago Metropolitan Area, is now recognized as a global alpha-level city. Three U. S. presidents have been elected while living in Illinois: Abraham Lincoln, Ulysses S. Grant, Barack Obama. Additionally, Ronald Reagan, whose political career was based in California, was born and raised in the state.
Today, Illinois honors Lincoln with its official state slogan Land of Lincoln, displayed on its license plates since 1954. The state is the site of the Abraham Lincoln Presidential Library and Museum in Springfield and the future home of the Barack Obama Presidential Center in Chicago. "Illinois" is the modern spelling for the early French Catholic missionaries and explorers' name for the Illinois Native Americans, a name, spelled in many different ways in the early records. American scholars thought the name "Illinois" meant "man" or "men" in the Miami-Illinois language, with the original iliniwek transformed via French into Illinois; this etymology is not supported by the Illinois language, as the word for "man" is ireniwa, plural of "man" is ireniwaki. The name Illiniwek has been said to mean "tribe of superior men", a false etymology; the name "Illinois" derives from the Miami-Illinois verb irenwe·wa - "he speaks the regular way". This was taken into the Ojibwe language in the Ottawa dialect, modified into ilinwe·.
The French borrowed these forms, changing the /we/ ending to spell it as -ois, a transliteration for its pronunciation in French of that time. The current spelling form, began to appear in the early 1670s, when French colonists had settled in the western area; the Illinois's name for themselves, as attested in all three of the French missionary-period dictionaries of Illinois, was Inoka, of unknown meaning and unrelated to the other terms. American Indians of successive cultures lived along the waterways of the Illinois area for thousands of years before the arrival of Europeans; the Koster Site demonstrates 7,000 years of continuous habitation. Cahokia, the largest regional chiefdom and urban center of the Pre-Columbian Mississippian culture, was located near present-day Collinsville, Illinois, they built an urban complex of more than 100 platform and burial mounds, a 50-acre plaza larger than 35 football fields, a woodhenge of sacred cedar, all in a planned design expressing the culture's cosmology.
Monks Mound, the center of the site, is the largest Pre-Columbian structure north of the Valley of Mexico. It is 100 feet high, 951 feet long, 836 feet wide, covers 13.8 acres. It contains about 814,000 cubic yards of earth, it was topped by a structure thought to have measured about 105 feet in length and 48 feet in width, covered an area 5,000 square feet, been as much as 50 feet high, making its peak 150 feet above the level of the pl
Valdosta Mall is an enclosed shopping mall located in Valdosta, United States. It is composed of restaurants in 560,000 sq ft of gross leasable area. Belk, JCPenney, are the mall's anchor stores; the wing featuring JCPenney was part of a 1985 expansion. An Additional Vacant Anchor was Previously a Sears which closed in 2018. In 2006, an outdoor concourse was added to the mall's front face, bringing in Old Navy, PetSmart, Office Depot and Ross Dress For Less as junior anchors. In 2007, the JCPenney store expanded taking over some of the space vacated when the old movie theater moved across the street; the mall was known as Colonial Mall Valdosta under the ownership of Colonial Properties Trust who sold the mall to Jones Lang LaSalle in 2007. The mall is owned by CBL & Associates Properties. In 2015, the Office Depot was replaced with Bath & Beyond. On November 2, 2017, it was announced that Sears would be closing as part of a plan to close 63 stores nationwide; the store closed in January 2018. Sometime in December 2018, the FYE store in the mall announced its closing, a storewide discount of 30-50% began.
It is closed January 22, 2018. Valdosta Mall Valdosta Mall on Twitter