J. C. Penney Company Description
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.
View the Comprehensive Company Description for J. C. Penney
The Company Description provides a historical perspective of J. C. Penney's organization from inception to current status.
Produced by Hoover's in-house editorial team, the Company Description tracks ownership transitions, company progress via mergers and acquisitions, major growth milestones, and strategic initiatives, to provide a holistic view of J. C. Penney's evolution in the marketplace.
