J. C. Penney Company Company Description
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.
View the Comprehensive Company Description for J. C. Penney Company
The Company Description provides a historical perspective of J. C. Penney Company'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 Company's evolution in the marketplace.
