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JCPenney was founded in Kemmerer, Wyoming, in 1902 by James Cash Penney. The first store, named The Golden Rule, set the standard by which we have operated for over a century â to treat others as we would like to be treated.
JCPenney To Close 4 Stores In South Dakota. JCPenney announced Friday that it will close four stores in South Dakota. Locations at Palace Mall in Mitchell, Northridge Mall in Pierre, Watertown Mall in Watertown, and Yankton Mall in Yankton will close in the next few months, the company said. Stores are expected to start liquidating inventory on April 17.