Bronze Mr. Penney Moves to a New Home in the Retailer's Plano HQ

J.C. Penney corporate employees in Plano on Friday started their day paying respects to a larger than life statue of their founder, James Cash Penney.Metallic confetti burst down on the 3,500-pound, 9-foot-4-inch statue after a red silk covering was pulled away before hundreds of cheering Penney people.Bronze Mr. Penney was moved to a new spot in the smaller north rotunda. Panels were made for the occasion that listed the names of 261 active employees who worked at the company in 1992 when the new home office was completed. Penney founded the company in 1902 in Kemmerer, Wyoming.The statue had been in the main grandiose rotunda of the 1.8-million-square-foot campus in Plano since the beginning. But Penney sold the building in 2017, and between staff cuts, efforts to save money and new ideas about how to space office workers, Penney only needed about 60 percent of the building.The main entrance belongs to more than one corporate entity now. So bronze Mr. Penney made the move.  Continue reading...