: Shifted away from its traditional cash-only model in 1958 .
Penney’s success was driven by a unique "manager-partner" model, where he allowed successful store managers to buy a one-third stake in new locations they helped launch. jc penny
The brand's later years were marked by drastic strategic shifts and external pressures. : Shifted away from its traditional cash-only model in 1958
: Under his continued influence (he served as honorary chairman until his death at age 95 in 1971), the brand introduced several mainstays of American shopping: jc penny
: By 1913, the chain had grown to 34 stores and was officially incorporated as the J.C. Penney Company .
