Choice Hacking
Published in

Choice Hacking

3 Reasons Why JC Penny Failed

The psychological traps they fell into and how you can avoid them

Source: Sundry Photography — stock.adobe.com

Founded in 1902 by James Cash Penny, JC Penny was once the biggest retailer in the United States and the gold standard of American retail.

For nearly a hundred years, every town seemed to have a JC Penny. Almost everything people needed could be found on its shelves (or in its…

--

--

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store