Who Is J. C. Penney Corporation?

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J.C. Penney Corporation is a chain of department stores based in Plano, Texas. Operating thousands of stores in every state of the U.S including Puerto Rico selling conventional merchandise as well as offering other department such as optical centers, portrait studios, and salons. Mostly located within shopping malls following the trend of consumer traffic. J.C. Penney was founded by James Cash Penney in 1902. In 1927 J.C. Penney Co. became a publicly traded corporation listed in the New York Stock Exchange. After taking the title of honorary chairman, Penney retired in 1946, however, his conservative policies remained influential for more than a decade.
In 1958 the firm’s traditional policy of strict cash-and-carry gave way to selling on