Profile: J C Penney Company Inc (JCP)

J. C. Penney Company, Inc. (jcpenney), incorporated on January 22, 2002, is a holding company. The Company is a retailer, operating 1,102 department stores in 49 states and Puerto Rico as of January 28, 2012. Its business consists of selling merchandise and services to consumers through its department stores and through its Internet Website at jcp.com. The Company sells family apparel and footwear, accessories, fine and fashion jewelry, beauty products through Sephora inside jcpenney and home furnishings. In addition, its department stores provide its customers with services, such as styling salon, optical, portrait photography and custom decorating. The Company’s principal operating subsidiary is J. C. Penney Corporation, Inc. (JCP). In November 2011, it completed its acquisition of the worldwide rights for the Liz Claiborne family of trademarks and related intellectual property, as well as the United States and Puerto Rico rights for the Monet trademarks and related intellectual property.

The Company opened 77 Sephora inside jcpenney beauty boutiques to bring its total to 308 locations, 423 MNG by Mango shops to bring its total to 500 locations and 502 Call it Spring shops to bring its total to 505 locations. The Company’s brands include the jcpenney, Fair and Square, Liz Claiborne, Okie Dokie, Worthington, east5th, a.n.a, St. John’s Bay, The Original Arizona Jean Company, Ambrielle, Decree, Linden Street, Article 365, Uproar, Stafford, J. Ferrar, jcpenney Home Collection and Studio by jcpenney Home Collection. As of January 28, 2012, it operated department stores throughout the continental United States, Alaska and Puerto Rico, of which 426 were owned, including 121 stores located on ground leases. As of January 28, 2012, its supply chain network operated 27 facilities at 18 locations, of which nine were owned, with multiple types of distribution activities housed in certain owned locations. Its network includes 13 store merchandise distribution centers, five regional warehouses, four jcp.com fulfillment centers and five furniture distribution centers.