J. C. Penney Company, Inc. · Plano, TX United States ·(NYSE: JCP)
Company Description
Phone: 972-431-1000
Fax: 972-431-9140
Rankings
- #420 in FT Global 500
- #139 in FORTUNE 500
- S&P 500
View J. C. Penney Company, Inc. Locations On A US Map
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This link will open in a new window J. C. Penney Company was created in 2002 as a holding company for department store operator J. C. Penney Corporation , its wholly owned subsidiary, which exchanged the "Company" in its 89-year-old moniker for "Corporation" after the holding company was formed. J. C. Penney Corporation is one of the largest department store, catalog, and e-commerce retailers in the US. In 2004 J. C. Penney Company sold its Eckerd drugstores chain to The Jean Coutu Group and CVS for $4.5 billion in cash. In 2005 the firm sold its controlling stake in the 62-unit Lojas Renner chain in Brazil through a public stock offering. The retailer runs more than 1,090 JCPenney department stores throughout the US and Puerto Rico. To read the full description, subscribe now.
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Key J. C. Penney Company, Inc. Financials
| Company Type | Public - NYSE: JCP Headquarters |
| Fiscal Year-End | January |
| 2009 Sales (mil.) | $18,486.0 |
| 2009 Employees | 147,000 |
J. C. Penney Company, Inc. Executives
21 executives listed for J. C. Penney Company, Inc.'s Plano, TX location.
| Title | Name & Bio | Contact |
| Chairman and CEO | Myron Ullman | Network |
| EVP and CFO | Robert Cavanaugh | Network |
| EVP and CIO | Thomas Nealon | Network |
Competition
Competitive Landscape for J. C. Penney Company, Inc.
The volume of home furniture sold depends heavily on the level of home sales, while office furniture sales depend on the health of the US economy. The profitability of individual companies is closely linked to volume, since many costs are fixed. Small companies can compete effectively if they produce specialty items or high-quality workmanship that can sell for a premium price. Imports are a major competitive factor, totaling more than $26 billion a year, and many US manufacturers have factories overseas, where labor and production costs are lower than in the US. Foreign competition and production overcapacity have combined to keep prices low. Additionally, despite automation, the made-to-order nature of much of the business means that the industry is fairly labor-intensive: average annual revenue per worker is around $250,000. To read the full description, subscribe now.Top J. C. Penney Company, Inc. Competitors
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