J. C. Penney Corporation, Inc. · Plano, TX United States
Company Description
Phone: 972-431-1000
Fax: 972-431-1362
Rankings
- #50 in FORTUNE 500
View J. C. Penney Corporation, Inc. Locations On A US Map
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This link will open in a new window An old name in retailing, J. C. Penney has been busy reinventing itself to bring style to Middle America's department store shoppers. The company's chain of about 1,090 JCPenney department stores in the US and Puerto Rico has found itself squeezed between upscale competitors and major discounters (Kohls , Target , Wal-Mart ). Following the sale of its ailing Eckerd drugstore chain to The Jean Coutu Group and CVS for $4.5 billion in 2004, the retailer has focused firmly on fashion. The firm runs one of the top catalog operations in the US. J. C. Penney Corporation is a wholly-owned subsidiary of holding company J. C. Penney Company (created in 2002), which is the publicly traded entity. To read the full description, subscribe now.
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Key J. C. Penney Corporation, Inc. Financials
| Company Type | Subsidiary Headquarters |
| Fiscal Year-End | January |
| 2009 Sales (mil.) | $18,486.0 |
| 2009 Employees | 147,000 |
J. C. Penney Corporation, Inc. Executives
40 executives listed for J. C. Penney Corporation, 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 Corporation, 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 Corporation, Inc. Competitors
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