J. C. Penney Company, Inc., known as JCPenney (or JCP for short), is a chain of American mid-range department stores based in Plano, Texas. The company operates 1,107 department stores in all 50 U.S. states and Puerto Rico, and previously operated a catalog business and several discount outlets. In addition to selling conventional merchandise, JCPenney stores often house several leased departments such as Sephora, Seattle's Best Coffee, optical centers, portrait studios, and jewelry repair. Most JCPenney stores are located in suburban shopping malls. Before 1966, most of its stores were located in downtown areas. As shopping malls became more popular in the latter half of the 20th century, JCPenney followed the trend by relocating and developing stores to anchor the malls. In more recent years, the chain has continued to follow consumer traffic, echoing the retailing trend of opening some standalone stores, including some next door to competitors. Certain stores are located in power centers. The company has been an Internet retailer since 1998. It has streamlined its catalog and distribution while undergoing renovation improvements at store level. As of September 2013, J.C. Penney's main competitors are Kohl's, Belk and Sears. Montgomery Ward and Mervyn's were former rivals until 2001 and 2006. Stock price: JCP (NYSE)$6.70-0.14 (-2.05%) Jan 24, 4:00 PM EST - Disclaimer Customer service: 1 (800) 322-1189 (Consumer) Headquarters: Plano, TX CEO: Myron E. Ullman Founder: James Cash Penney Founded: 1902, Kemmerer, WY Bill pay: 1 (800) 527-4403 (Consumer)
- J. C. Penney Company, Inc., known as JCPenney, is a chain of American mid-range department stores based in Plano, Texas.