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JC Penney, now based in Plano, Texas, was originally created in 1902 as the Golden Rule Store in Kemmerer, Wyoming. Golden Rule was founded by James Cash Penney in partnership with Guy Johnson and Thomas Callahan, but the partnership did not last long. In 1907, Penney became the sole owner.In 1913 the company was incorporated as the J.C. Penney Company. Currently the JC Penney corporation has .
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