Jc Penny 🆒

: Shifted away from its traditional cash-only model in 1958 .

: Penney lost much of his personal wealth in the 1929 stock market crash but kept the company afloat by borrowing against his own life insurance to meet payroll. jc penny

: 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: : Shifted away from its traditional cash-only model in 1958