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CLASSIFIEDS!! April 13 - April 19, 2015
Issue 67
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TIDBITSÂŽ LOOKS AT MORE FAMOUS RETAILERS PT. TWO
BUFFALO
48 INDUSTRIAL LANE SHERIDAN, WY 82801
39 CROSS H LANE BUFFALO, WY 82834
307-673-1200
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CANNON CONSULTING LLC CLAYTON ROSENLUND - LICENSED SURVEYOR -7 307
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by Kathy Wolfe 42 EAST RIDGE RD. SHERIDAN, WY 82801 This week, Tidbits continues its examination of (P) 307.674.9260 (F) 307.673.0513 the history of some famous retailers. • Missouri native James Cash Penney moved to the drier climate of Colorado on his doctor’s advice, as he was susceptible to tuberculosis. In 1898, he found work in a dry goods store called Golden Rule, and proved his worth in a short time. The owners asked Penney to partner with them in opening a new store in Kemmerer, Wyoming, and J.C. Penney opened the store in 1902. He bought out his partners in 1907, and in 1913, changed the chain to the J.C. Penney Company. Just four short years later, there were 175 Penney’s in 22 states. • J.C. Penney lost nearly all his personal wealth in the 1929 stock market crash, but borrowed against his life insurance policies to make pay- www.wyomingroofing.com roll until he could recover the company. By 2175 Skyline Drive - Sheridan 1941, there were 1,600 stores in all 48 states. Penney’s introduced their own credit card in 1959. At their peak in 1973, the company operated 2,053 stores. Today, that number is 1,107. The original “mother storeâ€? in Kemmerer is still in operation, and has been declared a National Historic Landmark. • The J.C. Penney Company motto was, “Honor, Confidence, Service, and Cooperation.â€? turn the page for more!
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43 E 5th St. • SHERIDAN, WY