ENTREPRENEURSHIP

Detailed explanation-1: -(1924–68), American retail company, founded in 1902 by James Cash Penney and today engaged in marketing apparel, home furnishings, jewelry, cosmetics, and cookware. In the early 21st century the company operated more than 800 stores in the United States and Puerto Rico.

Detailed explanation-2: -Mainline department store or simply, the traditional department store, offering mid-to high-end goods, most or at least some of the time at the full retail price. Examples are Macy’s, Bloomingdale’s, J.C. Penney, Montgomery Ward, Sears and Belk.

Detailed explanation-3: -Often the store-within-a-store is an owned by a manufacturer, operating an outlet within a retail company’s store. For example, the American department store Bloomingdale’s has had such arrangements with Ralph Lauren, Calvin Klein, DKNY and Kenneth Cole.

Detailed explanation-4: -A specialty store is a business that focuses on selling a specific product or a narrow line of products. Specialty stores are often retail businesses that focus on particular product categories.