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JCPenney
Penney OpCo LLC, doing business as JCPenney and often abbreviated JCP, is a midscale American department store chain operating 667 stores across 49 U.S. states and Puerto Rico. Departments inside JCPenney stores include Mens, Womens, Boys, Girls, Baby, Bedding, Home, Fine Jewelry, Shoes, Lingerie, ''The Salon by InStyle'', ''Sephora inside JCPenney'', as well as leased departments such as Seattle's Best Coffee, US Vision optical centers, and Lifetouch portrait studios. Most JCPenney stores were initially located in downtown areas, but, as shopping malls grew in popularity during the 1960s, the chain began relocating and developing stores to anchor the malls. In recent years, JCP has opened stores in power centers, as well as stand-alone stores, sometimes adjacent to competitors. The company has been an Internet retailer since 1998, and it has streamlined its catalog and distribution while undergoing renovation improvements at store level. In May 2020, JCPenney filed for Chap ...
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James Cash Penney
James Cash Penney Jr. (September 16, 1875 – February 12, 1971) was an American businessman and entrepreneur who founded the JCPenney stores in 1902. Early life J. C. Penney was born on September 16, 1875, on a farm outside of Hamilton, Caldwell County, Missouri. He was 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 pay for his own clothing once he reached 8 years of age. After graduation from Hamilton High School, Penney intended to attend college with the hopes of becoming a lawyer. However, his father's untimely death forced a change in plans, and Penney was forced to take a job as a store clerk to help support the family. Penney's tuberculosis caused him to venture west to Longmont, Colorado.Brown, John W. ''Missouri Legends: Famous People From The Show-Me State''. Reedy Press: St. Louis, 2 ...
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Aventura Mall
Aventura Mall is a shopping mall located in Aventura, Florida. It is the 5th largest mall in the United States by total square feet of retail space and the largest mall in Florida. The anchor stores are Bloomingdale's, Nordstrom, 2 Macy's stores, and JCPenney. The center is highlighted by a mix of over 300 stores. Aventura Mall has more than 50 eateries and restaurants, including Treats Food Hall, and the experiential Arts Aventura Mall program. The Brightline Aventura Station, now under construction, will be located adjacent to Aventura Mall on West Dixie Highway and will include a new pedestrian bridge over Biscayne Boulevard, providing riders direct access to the mall. History In April 1983, the Oxford Development Company, led by partners Donald Soffer, Edward J. Lewis, Mark E. Mason, Eugene Lebowitz, and Ray Parello officially dedicated Aventura Mall. There would be four anchors in the original, , complex: Lord & Taylor, JCPenney (opened April 28, 1983), Sears (opened J ...
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Kemmerer, Wyoming
Kemmerer is the largest city in and the county seat of Lincoln County, Wyoming, United States. Its population was 2,656 at the 2010 census. History Explorer John C. Frémont discovered coal in the area during his second expedition in 1843. The Union Pacific Coal Company opened the first underground mine in 1881 after construction of the Oregon Short Line Railroad from Granger to Oregon. Patrick J. Quealy (1857–1930) founded Kemmerer as an "independent town" in 1897 when he was vice-president of the Kemmerer Coal Company, located south of the original townsite. He named the company and town after his financial backer, Pennsylvania coal magnate Mahlon S. Kemmerer (1843–1925). In 1950, the operation converted to strip mining and became the world's largest open pit coal mine. In 1980 the Kemmerer Coal Co. was sold to the Pittsburg & Midway Coal Company, now a subsidiary of the Westmorland Coal Company. The pit remains in operation with an annual output of about 5 million ton ...
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Simon Property Group
Simon Property Group, Inc. is an American real estate investment trust that invests in shopping malls, outlet centers, and community/lifestyle centers. It is the largest owner of shopping malls in the United States and is headquartered in Indianapolis, Indiana. Worldwide, it owns interests in 232 properties comprising approximately of gross leasable area in North America and Asia. History Simon Property Group dates to 1960, when brothers Melvin Simon and Herbert Simon began developing strip malls in Indianapolis, Indiana. In December 1993, they took their interests public as Simon Property Group in the largest initial public offering of a real estate investment trust to date. Simon Property merged with the newly public DeBartolo Realty Corporation, owner of the real estate assets of Edward J. DeBartolo Sr., in 1996 to form Simon DeBartolo Group. In 1997, the company acquired The Retail Property Trust for $1.2 billion in a hostile takeover. Also in 1997, in partnership with Ma ...
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Evanston, Wyoming
Evanston is a city in and the county seat of Uinta County, Wyoming, United States. The population was 12,359 at the 2010 census. It is located near the border with Utah. History Evanston was named after James A. Evans, a civil engineer for the Union Pacific Railroad. Another source maintains it is named for John Evans, second Governor of the Territory of Colorado. The town was founded during the construction of the First transcontinental railroad. The railroad arrived in the area in November 1868, and Harvey Booth opened a saloon/restaurant in a tent near what is now Front Street. By December the rails had reached Evanston and the first train arrived December 16. However, orders were later handed down by the railroad managers to move the end of the line 12 miles west, to Wasatch. Within three days, most all of Evanston had moved to Wasatch, it appeared that Evanston would become another "end of the tracks" town. Luckily, in June 1869 headquarters returned to Evanston and it ...
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Lifetouch
Lifetouch Inc. is an American-based photography company headquartered in Eden Prairie, Minnesota, Eden Prairie, Minnesota, with its Canadian operations based in Winnipeg, Manitoba. It was founded as National School Studios (NSS) in 1936 by Eldon Rothgeb and R. Bruce Reinecker and incorporated in March 1948. A subsidiary of Redwood City, California-based Shutterfly, Shutterfly Inc., the company provides photography for families, schools, and places of worship; has over 22,000 employees; and operates in all 50 states as well as in Canada. Through Lifetouch Media Productions, video support is provided to internal and external customers. Company photography labs are located throughout the United States and Canada. Business units Business units under the corporate umbrella include: * Lifetouch National School Studios Inc. provides student photography from preschool to high school graduation, sports, prom and dance, and yearbooks. * Lifetouch Preschool Portraits Inc. provides infan ...
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US Vision
U.S. Vision, a wholly owned subsidiary of Refac Optical Group, is an international optometric dispensary chain. The vast majority of these locations are leased spaces in large department stores, such as J.C. Penney, Boscov's and Meijer as well as AAFES, Military Exchanges. As of February 28, 2021 the Company had 373 locations in 44 states, consisting of licensed departments and freestanding stores. U.S. Vision deals mainly in prescription eyewear, contact lenses, and optometry offices. History In 1885, William Well and Charles Ochs opened a retail optical store in Philadelphia, Pennsylvania, that is still in operation today. With this as a beginning, other optical locations were purchased, starting the first optical store chain in the United States. In the early 1970s the company purchased Wall and Ochs, combined it with a manufacturing facility in Blackwood, New Jersey, and named the new combination of manufacturing and sales U.S. Vision. Location names U.S. Vision, b ...
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Seattle's Best Coffee
Seattle's Best Coffee is a brand of wholesale coffee, ground coffee, and K-cup coffee that is owned by Nestlé. While Seattle's Best Coffee used to have coffeehouses in the United States, they appear to have closed down or have been converted to Starbucks coffeehouses when Starbucks owned this brand. Focus Brands owns the franchising rights for this brand for international markets and military bases. Seattle's Best Coffee is generally less expensive than that of Starbucks, its former parent, and is marketed as more of a working class coffee compared to the upmarket Starbucks. History Seattle's Best Coffee began as a combination ice cream and coffee shop called the Wet Whisker in Coupeville on Whidbey Island, northwest of Seattle, in 1969. Founder Jim Stewart purchased green coffee beans from local roasters to be roasted and sold at the Wet Whisker. By the end of the second summer, the shop had roasted and sold nearly 500 lbs (226 kg) of coffee. By the end of the follow ...
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Plano, Texas
Plano ( ) is a city in Collin County, Texas, Collin County and Denton County, Texas, United States. It had a population of 285,494 at the 2020 United States census, 2020 census. It is a principal city of the Dallas–Fort Worth metroplex. History European settlers came to the area near present-day Plano in the early 1840s. Facilities such as a sawmill, a gristmill, and a store soon brought more people to the area. A mail service was established, and after rejecting several names for the nascent town (including naming it in honor of then-President Millard Fillmore), residents suggested the name ''Plano'' (from the Spanish word for "flat") in reference to the local terrain, unvaried and devoid of any trees. The post office accepted the name. In 1872, the completion of the List of Texas railroads, Houston and Central Texas Railway helped Plano grow, and it was incorporated in 1873. By 1874, the population was over 500. In 1881, a fire raged through the business district, destro ...
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Executive Vice President
A vice president, also director in British English, is an officer in government or business who is below the president (chief executive officer) in rank. It can also refer to executive vice presidents, signifying that the vice president is on the executive branch of the government, university or company. The name comes from the Latin term ''vice'' meaning "in place of" and typically serves as '' pro tempore'' (Latin: ’for the time being’) to the president. In some countries, the vice president is called the ''deputy president''. In everyday speech, the abbreviation ''VP'' is used. In government In government, a vice president is a person whose primary responsibility is to act in place of the president on the event of the president's death, resignation or incapacity. Vice presidents are either elected jointly with the president as their running mate, or more rarely, appointed independently after the president's election. Most governments with vice presidents have one perso ...
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Chapter 11, Title 11, United States Code
Chapter 11 of the United States Bankruptcy Code (Title 11 of the United States Code) permits reorganization under the bankruptcy laws of the United States. Such reorganization, known as Chapter 11 bankruptcy, is available to every business, whether organized as a corporation, partnership or sole proprietorship, and to individuals, although it is most prominently used by corporate entities. In contrast, Chapter 7 governs the process of a liquidation bankruptcy, though liquidation may also occur under Chapter 11; while Chapter 13 provides a reorganization process for the majority of private individuals. Chapter 11 overview When a business is unable to service its debt or pay its creditors, the business or its creditors can file with a federal bankruptcy court for protection under either Chapter 7 or Chapter 11. In Chapter 7, the business ceases operations, a trustee sells all of its assets, and then distributes the proceeds to its creditors. Any residual amount is returned to the ...
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Walmart
Walmart Inc. (; formerly Wal-Mart Stores, Inc.) is an American multinational retail corporation that operates a chain of hypermarkets (also called supercenters), discount department stores, and grocery stores from the United States, headquartered in Bentonville, Arkansas. The company was founded by Sam Walton in nearby Rogers, Arkansas in 1962 and incorporated under Delaware General Corporation Law on October 31, 1969. It also owns and operates Sam's Club retail warehouses. Walmart has 10,586 stores and clubs in 24 countries, operating under 46 different names. The company operates under the name Walmart in the United States and Canada, as Walmart de México y Centroamérica in Mexico and Central America, and as Flipkart Wholesale in India. It has wholly owned operations in Chile, Canada, and South Africa. Since August 2018, Walmart held only a minority stake in Walmart Brasil, which was renamed Grupo Big in August 2019, with 20 percent of the company's shares, and p ...
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