13 Facts About JCPenney

Penney OpCo LLC, doing business as JCPenney and often abbreviated JCP, is a midscale American department store chain operating 669 stores across 49 U S states and Puerto Rico.

Departments inside JCPenney stores include Mens, Womens, Boys, Girls, Baby, Bedding, Home, Fine Jewelry, Shoes, Lingerie, The Salon by InStyle, Sephora inside JCPenney, as well as such leased departments as Seattle's Best Coffee, US Vision optical centers, and Lifetouch portrait studios.

JCPenney has been an Internet retailer since 1998, and it has streamlined its catalog and distribution while undergoing renovation improvements at store level.

JCPenney relocated to Colorado at the advice of a doctor, hoping that a better climate would improve his health.

JCPenney participated in the creation of two more stores and purchased full interest in all three locations when Callahan and Johnson dissolved their partnership in 1907.

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JCPenney opened its 500th store in 1924 in Hamilton, Missouri, James Cash Penney's hometown.

JCPenney rebuilt the store as a shorter building on a larger footprint and followed up by building Anchorage's first public parking garage, which opened in 1968.

In 1983, JCPenney discontinued its appliance, hardware, outdoor equipment, and auto center departments, and sold its automotive centers to Firestone.

In 1984, JCPenney acquired the First National Bank of Harrington, Delaware and renamed it J C Penney National Bank.

JCPenney sold its six Mexico stores to Grupo Carso, which rebranded five of the stores as Dorian's and the other one as Sears Mexico.

JCPenney lowered its earnings forecast for the year to 13 cents per share at best, and said it could lose as much as 7 cents.

JCPenney ranked 235 on the Fortune 500 list of the largest United States corporations by revenue.

JCPenney's has brought new talent and has cleaned out inventory.