View source for JCPenney

{{Short description|American department store chain}}
{{About|the department store chain|its founder|James Cash Penney|the retail chain branded as Penneys in the Republic of Ireland|Primark}}
{{Use mdy dates|date=July 2021}}
{{Infobox company
| name = JCPenney
| logo = JCPenney logo.svg
| image = JC Penney store, Aventura Mall (Aventura, Florida, 2006).jpg
| image_size = 
| image_caption = JCPenney store at [[Aventura Mall]] in 2006
| trade_name = JCPenney
| former_names = J. C. Penney Company, Inc., Golden Rule Store
| type = [[Subsidiary]]
| traded_as = {{ubl|{{NYSE was|JCP}} (1927–2020)}}
| foundation = {{Start date and age|1902|04|14}}<br />[[Kemmerer, Wyoming]], U.S. (J. C. Penney Company)
| founders = {{ubl|[[James Cash Penney]]|William Henry McManus}}
| defunct = 
| hq_location = [[Plano, Texas]], U.S.<ref name="back in business">{{Cite web|url=https://www.dallasnews.com/business/retail/2022/05/13/jc-penney-is-moving-back-into-its-former-plano-headquarters/|title=J.C. Penney is moving back into its former Plano headquarters|work=The Dallas Morning News|last=Halkias|first=Maria|date=13 May 2022}}</ref>
| hq_location_city = 
| hq_location_country = 
| num_locations = 649<ref>[https://www.jcpenney.com/locations/index.html JCPenney Store Locator]</ref>
| area_served = United States (excluding Hawaii)<br />Puerto Rico
| key_people = {{ubl|Marc Rosen ([[Chief executive officer|CEO]], Catalyst)|Michelle Wlazlo (Brand CEO)}}
| industry = Retail
| fate = 
| products = {{flatlist|
*Clothing
*Footwear 
*Accessories
*Jewelry
*Beauty products
*Home furnishings and wares
*Electronics
*Toys
*Hair styling
*Eyeglasses
*Portraits
}}
| parent = [[Catalyst Brands]]
| website = {{URL|jcpenney.com}}
}}
'''Penney OpCo LLC ,''' [[Trade name|doing business as]]   '''JCPenney''' (colloquially '''Penney's''' and abbreviated '''JCP''') is an American [[department store]] [[chain store|chain]] with 649 stores across 49 U.S. states and Puerto Rico.<ref name="JCP">{{Cite web |title=JCPenney Department Store Locations, Directions & Hours |url=https://www.jcpenney.com/locations/index.html |website=jcpenney.com}}</ref><ref>{{Cite web|url=https://www.usatoday.com/story/money/shopping/2021/09/21/jcpenney-stores-closing-list-october-december-2021/5805119001/|title = JCPenney closing more stores after bankruptcy. Will your store shutter? See the closure list|website = USA Today}}</ref> It is managed as part of the [[Catalyst Brands]] portfolio alongside other apparel retailers such as [[Brooks Brothers]] and [[Eddie Bauer]].<ref name="catalyst">{{cite news|title=SPARC Group Has Merged With JCPenney to Form Catalyst Brands|date=January 8, 2025|publisher=Businesswire|url=https://www.businesswire.com/news/home/20250108232559/en/SPARC-Group-Has-Merged-With-JCPenney-to-Form-Catalyst-Brands|access-date=2025-01-08}}</ref>

Its departments include men's, women's and children's apparel, cosmetics, jewelry, and home furnishings along with [[Store-within-a-store|leased departments]] managed by Shearshare, [[US Vision]] and [[Lifetouch]]. The chain focuses on lifestyle products for [[American middle class| middle class]] households.

==Overview==
JCPenney was founded in 1902 as a group of [[dry goods]] stores that [[James Cash Penney]] managed as part of the Golden Rule chain and incorporated under his own name in 1913. The stores were initially located in downtown areas but shifted to [[shopping mall]]s during the 1960s.

The chain struggled in the early 21st century amid the rise of internet retail and the decline of mall traffic, and stay-home measures during the [[COVID-19 pandemic]] forced it into [[Chapter 11, Title 11, United States Code|Chapter 11 bankruptcy]] in May 2020. It emerged from bankruptcy under the joint ownership of mall operators [[Simon Property Group]] and [[Brookfield Properties]],<ref name=":0">{{Cite web|agency=Associated Press|title=J.C. Penney's sale approved by bankruptcy court|url=https://www.marketwatch.com/story/j-c-penneys-sale-approved-by-bankruptcy-court-01605058031|access-date=November 11, 2020|website=MarketWatch|language=en-US}}</ref> later joined by [[Authentic Brands Group]] as a minority owner.<ref>Authentic Brands Group, Inc. [https://www.sec.gov/Archives/edgar/data/1666054/000110465921089494/tm2114913-5_s1.htm Form S-1]. July 6, 2021</ref>

In January 2025 JCPenney was combined with SPARC Group — Simon and Authentic's portfolio of legacy retail brands — to form Catalyst Brands.<ref name="catalyst"/>

== 20th century ==
=== Background and early history: 1902–1960 ===
[[File:Golden Rule store.png|thumb|right|First J. C. Penney store in Kemmerer, Wyoming. Originally called The Golden Rule Store]]
[[File:Jcpenney-mother-store.jpg|thumb|right|JCPenney mother store in [[Kemmerer, Wyoming]], in September 2007]]
[[File:JCPenney logo.svg|thumb|right|A 2000s JCP logo]]

[[James Cash Penney]] was born in [[Hamilton, Missouri]]. After graduating from high school, Penney worked for a local retailer. He relocated to [[Colorado]] at the advice of a doctor, hoping that a better climate would improve his health.<ref>{{cite web|title=JC Penney Company History|url=http://www.fundinguniverse.com/company-histories/j-c-penney-company-inc-history/|work=Funding Universe|url-status=live|archive-url=https://web.archive.org/web/20130404102222/http://www.fundinguniverse.com/company-histories/j-c-penney-company-inc-history/|archive-date=April 4, 2013}}</ref> In 1898, Penney went to work for Thomas Callahan and Guy Johnson, who owned dry goods stores called Golden Rule stores in Colorado and Wyoming.<ref name=mo>[http://shs.umsystem.edu/historicmissourians/name/p/penney/ J. C. Penney – Historic Missourians] {{webarchive|url=https://web.archive.org/web/20130817003858/http://shs.umsystem.edu/historicmissourians/name/p/penney/ |date=August 17, 2013 }} Retrieved August 20, 2013.</ref> In 1899, Callahan sent Penney to [[Evanston, Wyoming]], to work with Johnson in another Golden Rule store.<ref name=mo/> Callahan and Johnson asked Penney to join them in opening a new Golden Rule store. Using money from savings and a loan, Penney joined the partnership and moved with his wife and infant son to [[Kemmerer, Wyoming]], to start his own store.<ref name=mo/> Penney opened the store on April 14, 1902.<ref name=mo/> He participated in the creation of two more stores and purchased full interest in all three locations when Callahan and Johnson dissolved their partnership in 1907. In 1909, Penney moved his company headquarters to [[Salt Lake City]], Utah, to be closer to banks and railroads. By 1912, Penney had 34 stores in the Rocky Mountain States.

In 1913, the company was incorporated under the new name, J. C. Penney Company, with William Henry McManus as a co-founder. In 1914, the headquarters was moved to New York City to simplify buying, financing, and transportation of goods.<ref>[http://www.jcpenney.net/Our-Old-Company/About-jcpenney/Our-History.aspx Our History] {{webarchive|url=https://archive.today/20130502084401/http://www.jcpenney.net/Our-Old-Company/About-jcpenney/Our-History.aspx |date=May 2, 2013 }} J.C. Penney. Retrieved August 20, 2013.</ref> By 1917, the company operated 175 stores in 22 states in the United States. J. C. Penney acquired The Crescent Corset Company in 1920, the company's first wholly owned subsidiary. In 1922, the company's oldest active private brand, Big Mac work clothes, was launched. The company opened its 500th store in 1924 in Hamilton, Missouri, James Cash Penney's hometown. By the opening of the 1,000th store in 1928, gross business had reached $190&nbsp;million (equivalent to ${{formatprice|{{inflation|US|190000000|1928|r=0}}}} in {{CURRENTYEAR}}).

In 1940, [[Sam Walton]] began working at a J. C. Penney in [[Des Moines, Iowa]]. Walton subsequently founded retailer [[Walmart]] in 1962.<ref name="Forbes269">{{cite book|first=Gross|last=Daniel|author2=''Forbes'' Staff|date=August 1997|title=Greatest Business Stories of All Time|edition=First|publisher=John Wiley & Sons, Inc.|location=New York|page=[https://archive.org/details/isbn_0471196533/page/269 269]|isbn=0-471-19653-3|url=https://archive.org/details/isbn_0471196533/page/269}}</ref> By 1941, J. C. Penney operated 1,600 stores in all 48 states. In 1956, J. C. Penney started national advertising with a series of advertisements in ''[[Life (magazine)|Life]]'' magazine. J. C. Penney credit cards were first issued in 1959.

[[File:1964 Alaska Quake Penney Bldg.jpg|thumb|Penney Building in Anchorage in 1964, following the earthquake]]
[[File:Downtown Seattle Penney's store in 1982.jpg|thumb|Former [[Downtown Seattle]] store in 1982, with signage from the period when the chain was branded as Penneys and used a more stylized font in its logo. [[Pike Place Market]] is in the background.]]

=== Full-line department store ===
The company dedicated its first full-line shopping-center department store in 1961. This store was located at Black Horse Pike Center in [[Audubon, New Jersey]]. The second full-line shopping center store was dedicated, at [[King of Prussia Plaza]] in King of Prussia, Pennsylvania in late 1962. Those stores expanded the lines of merchandise and services that an average J. C. Penney carried to include appliances, sporting goods, tools, garden\lawn merchandise, restaurants, beauty salons, portrait studios, auto parts, and auto centers.

In 1962, J. C. Penney entered discount merchandising with the acquisition of General Merchandise Company which gave them [[The Treasury (store)|The Treasury]] stores. These discount operations proved unsuccessful and were shuttered in 1981. In 1963, J. C. Penney issued its first catalog. The company operated in-store catalog desks in eight states. The catalogs were distributed by the Milwaukee Catalog distribution center.

In 1969, the company acquired [[Thrift Drug]], a chain of drugstores headquartered in [[Pittsburgh]], Pennsylvania. It also acquired ''Supermarkets Interstate'', an [[Omaha]]-based food retailer which operated leased departments in J. C. Penney stores, The Treasury stores, and Thrift Drug stores.

=== Expansion beyond the contiguous US ===
In the 1960s, JCPenney expanded to include Alaska, Hawaii, and Puerto Rico. Stores were opened in [[Anchorage, Alaska|Anchorage]] and [[Fairbanks, Alaska|Fairbanks]], Alaska in 1962, followed by [[Honolulu]], Hawaii in 1966, and Puerto Rico in 1968. The [[J. C. Penney Store (Anchorage, Alaska)|Penney Building in Anchorage]] partially collapsed and was damaged beyond repair in the [[1964 Alaska earthquake]].<ref name="Cohen">{{cite book|last1=Cohen|first1=Stan B.|title=8.6: The Great Alaska Earthquake, March 27, 1964|year=1995|publisher=Pictorial Histories Publishing|location=Missoula|isbn=0-929521-96-X|pages=6–7}}</ref><ref>{{cite book|last1=Cole|first1=Dermot|title=North To The Future|year=2008|publisher=Epicenter Press|location=Kenmore|isbn=978-0-9800825-3-1|page=93|chapter=The 1964 Good Friday earthquake|chapter-url=https://archive.org/details/northtofutureala0000cole/page/93}}</ref> The company rebuilt the store as a shorter building on a larger footprint and followed up by building Anchorage's first public parking garage, which opened in 1968.<ref>Cole, ''North To The Future'', p. 225</ref> The Honolulu store was located at [[Ala Moana Center]], and closed in 2003, along with all remaining locations in the state, making Hawaii the only U.S. state to not currently have a JCPenney store. The Penney store at [[Plaza Las Américas (Puerto Rico)|Plaza Las Américas]] mall in [[San Juan, Puerto Rico]], which opened in 1968, featured three levels and {{convert|261500|sqft}}. It was the largest JCPenney until a {{convert|300000|sqft|m2|adj=on}} store was dedicated at Greater Chicago's [[Woodfield Mall]] in 1971. The Woodfield Mall store served as the largest in the chain until a replacement store opened at Plaza Las Américas in 1998, which is {{convert|350000|sqft}} in size.

=== Death of J.C. Penney and peak: 1970s ===
On February 12, 1971, James Cash Penney died at the age of 95; the company's stores were closed the morning of his funeral on February 16.<ref name=jcp_closed_half_day>[https://www.newspapers.com/image/136676544/?terms=penney%2Bstores%2Bclosed Newspapers.com] {{webarchive|url=https://web.archive.org/web/20161007001204/https://www.newspapers.com/image/136676544/?terms=penney%2Bstores%2Bclosed |date=October 7, 2016 }}. Newspapers.com quotes the Rochester Democrat and Chronicle for Tuesday February 16, 1971, page 5</ref> That year, the company adopted the ''JCPenney'' style in advertising.<ref>{{cite news |last1=Lisicky |first1=Michael |title=From Its Beginnings To Bankruptcy, A Historical Timeline Of JCPenney |url=https://www.forbes.com/sites/michaellisicky/2020/05/17/from-its-beginnings-to-bankruptcy--a-company-timeline-of--jcpenney/?sh=192856e331de |access-date=18 August 2022 |work=[[Forbes]] |date=2020-05-17}}</ref> and its revenues reached $5&nbsp;billion (equivalent to ${{Format price|{{inflation|US|5000000000|1971|r=0}}}} in {{CURRENTYEAR}}) for the first time and catalog business made a profit for the first time.<ref name=jcp_fundinguniverse>[http://www.fundinguniverse.com/company-histories/JC-Penney-company-Inc-company-History.html J.C. Penney Company – Company History & Profile] {{webarchive|url=https://web.archive.org/web/20120530003150/http://www.fundinguniverse.com/company-histories/JC-Penney-company-Inc-company-History.html |date=May 30, 2012 }}. Funding Universe, Accessed January 27, 2012</ref>

JCPenney reached its peak number of stores in 1973, with 2,053 stores, 300 of which were full-line establishments.<ref name=jcp_fundinguniverse /> However, the company was hard hit by the [[1973–1975 recession|1974 recession]] with its stock price declining by two-thirds.<ref name=jcp_fundinguniverse />

In 1977, J.&nbsp;C.&nbsp;Penney sold its four stores in Italy to Italian department store chain [[La Rinascente]]; Penneys had opened in Italy in 1970 but left due to difficulties encountered when trying to expand in Italy and had only ever opened stores in the [[Lombardy]] region.<ref>{{Cite news |date=1977-04-30 |title=Penney Agrees to Sell Its Five Stores In Milan |language=en-US |work=The New York Times |url=https://www.nytimes.com/1977/04/30/archives/penney-agrees-to-sell-its-five-stores-in-milan.html |access-date=2023-03-30 |issn=0362-4331}}</ref><ref>{{Cite web |title=laRinascente Archives |url=https://archives.rinascente.it/en/paths/la-rinascente-1865-2017-storia-del-grande-magazzino |access-date=2023-03-30 |website=archives.rinascente.it |language=en}}</ref> In the same year they also closed down their unprofitable Supermarkets Interstate supermarket brand, which operated in Treasury discount stores; however, the stores that were not in Treasury locations remained open.<ref>{{Cite news |date=1977-07-27 |title=Corporation Affairs |language=en-US |work=The New York Times |url=https://www.nytimes.com/1977/07/27/archives/corporation-affairs-jc-penney-will-discontinue-unprofitable.html |access-date=2023-03-30 |issn=0362-4331}}</ref>

In 1978, the [[J. C. Penney Historic District]] in Kemmerer, Wyoming, was designated a U.S. [[National Historic Landmark]]. In 1979, JCPenney stores started accepting [[Visa Inc.|Visa]] cards. [[Mastercard|MasterCard]] was accepted the following year.<ref name="jcp_fundinguniverse" />

=== 1980s ===
In 1980, the company closed the unprofitable Treasury discount stores to focus resources on its core retail stores.<ref name="jcp_fundinguniverse" />

In 1983, JCPenney discontinued its appliance, hardware, outdoor equipment, and auto center departments, and sold its automotive centers to Firestone. Also in 1983, it began selling goods online through the [[Viewtron]] [[videotex]] service. That same year, fashion designer [[Halston|Roy Halston]], signed a six-year, $1&nbsp;billion deal with JCPenney to sell a line of affordable clothing, accessories, cosmetics, and perfumes ranging in price from $24 to $200. The move was considered controversial then as no other high-end designer up to that point in time had licensed their designs to a mid-price retailer. The line, named Halston III, would not last long, as it would be poorly received and discontinued after about a year. However, the business move paved the way for other such high-end designers to sell their products at stores of varying price ranges in the future.<ref name="hyland">{{cite web|url=http://www.wwd.com/fashion-news/fashion-features/halston-j-c-penney-3068848|title=Halston's Penney's Serenade|last=Hyland|first=Veronique|date=May 12, 2010|publisher=wwd.com|access-date=November 21, 2014}}</ref>

In 1984, JCPenney acquired the First National Bank of [[Harrington, Delaware]], and renamed it J. C. Penney National Bank. With the acquisition of the bank, the company became able to issue its own [[Mastercard]] and [[Visa Inc.]] cards. The company also began accepting [[American Express]] cards. Also that year, Thrift Drug began co-locating stores with [[Weis Markets]], and acquired many former [[Pantry Pride]] properties. In April 1987, the company announced that it was moving its headquarters to [[Plano, Texas]].<ref>"[http://nl.newsbank.com/nl-search/we/Archives?p_product=SAEC&p_theme=saec&p_action=search&p_maxdocs=200&p_topdoc=1&p_text_direct-0=0F223124451CF5BF&p_field_direct-0=document_id&p_perpage=10&p_sort=YMD_date:D&s_trackval=GooglePM When J.C. Penney Co. Inc. decided to move its headquarters]." ''[[San Antonio Express-News]]''. December 17, 1992. 10A. Retrieved on March 5, 2010.</ref> After several years of development, the JCPenney Television Shopping Channel appeared on cable systems beginning in 1989.{{Citation needed|date=January 2019}} By the mid-1980s, all JCPenney stores had discontinued sales of firearms. Before this point, JCPenney carried rifles and shotguns branded as JCPenney but produced by numerous established firearms manufacturers. In the 1980s JCPenney's also stopped selling outdoor equipment and hardware such as lawn mowers and tools.

=== Acquisitions and international expansion: 1990s ===
[[File:JCPenney at Jamestown Mall.jpeg|right|thumb|Mall entrance of the now-closed JCPenney outlet store at the [[Jamestown Mall]] in [[Florissant, Missouri]] (1998)]]

Construction on the new company headquarters in [[Plano, Texas]], broke ground in 1990 and was completed in 1992. When [[Sears]] closed its catalog business in 1993, JCPenney became the largest catalog retailer in the United States. In 1995 the chain expanded to [[Chile]] with a store in the capital, [[Santiago]]. In 1995, the drug store business was expanded with the acquisition of [[Fay's Drug|Kerr Drug]] and again in 1996 with the purchase of [[Fay's Drug]].<ref>{{Cite news |last=Services |first=Dow Jones News |title=J.C. Penney Will Add Fay's To Thrift Drug Division |url=https://www.wsj.com/articles/SB83933995886346000 |access-date=2023-03-30 |newspaper=The Wall Street Journal |date=August 6, 1996 |language=en-US}}</ref><ref>{{Cite news |last=Lee |first=Louise |author2=Neal Templin |author3=Robert Frank |title=J.C. Penney Will Buy Eckerd For $2.5 Billion in Cash, Stock |url=https://www.wsj.com/articles/SB847066429563762000 |access-date=2023-03-30 |newspaper=The Wall Street Journal |date=November 4, 1996 |language=en-US}}</ref> Then in November 1996 they acquired the [[Eckerd Corporation|Eckerd]] chain. Fay's, Kerr, and Eckerd merged into J.&nbsp;C.&nbsp;Penney's drug store subsidiary Thrift Drug. Fay's, most Kerr, and Thrift drug stores were re-branded Eckerd in 1997. (Kerr Drug stores in [[The Carolinas]] remained branded as such because they were part of a group of stores that were divested because of trade competition issues raised during the merger.)<ref>{{cite web|url=http://www.kerrdrug.com/|title=Welcome to Walgreens – Your Home for Prescriptions, Photos and Health Information|url-status=live|archive-url=https://web.archive.org/web/20080913211008/http://kerrdrug.com/|archive-date=September 13, 2008}}</ref>

On December 9, 1998, ''[[The New York Times]]'' reported JCPenney would acquire controlling interest of [[Lojas Renner]] for a little over $33 million, which increased the company's maneuvering ability with their already existing units in Chile, Mexico and [[Puerto Rico]].<ref>{{Cite news|url=https://www.nytimes.com/1998/12/09/business/company-news-j-c-penney-to-acquire-21-store-brazilian-retail-chain.html|archive-url=https://web.archive.org/web/20190725051727/https://www.nytimes.com/1998/12/09/business/company-news-j-c-penney-to-acquire-21-store-brazilian-retail-chain.html|archive-date=July 25, 2019|title=Company News; J. C. Penney to Acquire 21-Store Brazilian Retail Chain|date=December 9, 1998|work=[[The New York Times]]|access-date=July 25, 2019}}</ref> In 1998, JCPenney launched its online store.<ref>{{Cite web |last=Lisicky |first=Michael |title=From Its Beginnings To Bankruptcy, A Historical Timeline Of JCPenney |url=https://www.forbes.com/sites/michaellisicky/2020/05/17/from-its-beginnings-to-bankruptcy--a-company-timeline-of--jcpenney/ |access-date=2023-03-29 |website=Forbes |language=en}}</ref>

Between 1995 and 1998, JCPenney entered Indonesia under partnership with Lippo Group (under their Multipolar investment arm) with the branding ''JCPenney'' ''Collections'', also used by multiple international JCPenney branches across Asia during the decade. This type of JCPenney store only featured fashion for men, women and kids. During its tenure, JCPenney opened two flagship stores: in 1995 on the upper ground level of Lippo Supermal (now Supermal Karawaci), and in 1996 on the upper ground and first level of [[Mall Taman Anggrek|Mal Taman Anggrek]]. Aside from the two, JCPenney also opened smaller stores under the JCPenney Collections name in a few malls such as [[Blok M, Jakarta|Plaza Blok M]] and [[Plaza Senayan]]. All stores of JCPenney Collections in Indonesia started planning to close down due to [[1997 Asian financial crisis]] – with the JCPenney Collections store in Taman Anggrek closed in December 1997, and the [[May 1998 riots of Indonesia|May 1998 riots]] – with the Lippo Supermal store looted by mass and exiting the mall that same month (having to close down for a period of time due to damage caused by arson in other sections of the mall). Currently, the previous stores are occupied by [[H&M]], [[Uniqlo]], and [[Sogo]] at Supermal Karawaci and [[Matahari (department store)|Matahari Department Store]] at Mal Taman Anggrek respectively.

JCPenney left Chile in 1999, after five years in the country it closed down its home store and sold its main store in Santiago to [[Almacenes Paris]]. The stores were closed due to low profitability and high expenses.<ref>{{Cite news |last=Reporter |first=a Wall Street Journal Staff |title=J.C. Penney to Leave Chile Store, Take Charge in Third Quarter |url=https://www.wsj.com/articles/SB939238687214599111 |access-date=2023-03-29 |newspaper=The Wall Street Journal |date=October 7, 1999 |language=en-US}}</ref><ref>{{Cite web |author=W. W. D. Staff |date=1999-10-07 |title=J.C. PENNEY EXITS CHILE |url=https://wwd.com/feature/article-1076708-1819403/ |access-date=2023-03-29 |website=WWD |language=en-US}}</ref>

== 21st century ==
===2000s ===
[[File:JCPenney - panoramio.jpg|right|thumb|Exterior of the JCPenney store at the [[Richland Mall (Ohio)|Richland Mall]] in [[Ontario, Ohio]] (2008)]]

In early 2001, JCPenney closed 44 under-performing stores. In 2001, JCPenney sold its direct-marketing insurance unit to Dutch insurer [[Aegon N.V.|Aegon]] for $1.3&nbsp;billion (equivalent to ${{formatprice|{{inflation|US|1300000000|2001|r=0}}}} in {{CURRENTYEAR}}) in cash to help refocus the company on retail.<ref>{{cite news|title=J.C. Penney OKs Sale of Insurance Unit to Aegon|url=https://www.latimes.com/archives/la-xpm-2001-mar-09-fi-35415-story.html|work=Los Angeles Times |agency=Bloomberg News |date=March 9, 2001|access-date=August 26, 2013|url-status=live|archive-url=http://archive.wikiwix.com/cache/20130827143357/http://articles.latimes.com/2001/mar/09/business/fi-35415|archive-date=August 27, 2013}}</ref> In 2003, the company opened three stores in strip centers in [[Texas]], [[Minnesota]], and [[Indiana]]. The new single-level, {{convert|94000|sqft|m2|abbr=on|adj=on}} store format focuses on convenience, with wider aisles and centralized checkouts.<ref name="bnet">{{cite news|url=http://www.accessmylibrary.com/article-1G1-110805536/jcpenney-makes-off-mall.html|title=JCPenney makes off-the-mall move: new, smaller test format adds trapping familiar to mass channel|author=bnet.com|date=November 24, 2003|work=DSN Retailing Today|access-date=May 2, 2010|archive-url=https://web.archive.org/web/20130530170949/http://www.accessmylibrary.com/article-1G1-110805536/jcpenney-makes-off-mall.html|archive-date=May 30, 2013|url-status=live}}</ref> In 2004, the company added 14 more stores and exited the drug store division after 35 years, with the sale of its [[Eckerd Corporation|Eckerd]] division.{{Citation needed|date=January 2019}} The company also sold its six Mexico stores to [[Grupo Carso]], which rebranded five of the stores as [[Dorian's]] and the other one as [[Sears Mexico]]. In 2005, JCPenney's [[e-commerce]] storefront exceeded the $1&nbsp;billion revenue mark for the first time.{{Citation needed|date=January 2019}} At the same time in June, the company would sell off its shares of Lojas Renner, the Brazilian-based retailer, generating $260&nbsp;million from the sale as it discontinued its operations with Renner and its Latin American footholds as well.<ref>{{Cite web|url=https://www.businesswire.com/news/home/20050705005743/en/JCPenney-Closes-Sale-Shares-Lojas-Renner-S.A.|title=JCPenney Closes on the Sale of Shares of Lojas Renner S.A.|date=July 5, 2005|website=www.businesswire.com|language=en|access-date=July 25, 2019}}</ref><ref name="JCPenney">{{Cite web|url=https://howtoguidex.com/jcpenney-associate-kiosk-login/|title=JCPenney Associate|access-date=December 1, 2022}}</ref>

In 2007, JCPenney launched the Ambrielle lingerie label, which became its largest [[private brand]] launched in the company's history.<ref name="JCPenney Annual Report">{{cite web|url=http://thomson.mobular.net/thomson/7/2411/2642/|title=2006 JCPenney Annual Report|access-date=August 18, 2007|archive-date=January 3, 2018|archive-url=https://web.archive.org/web/20180103211221/http://thomson.mobular.net/thomson/7/2411/2642/|url-status=dead}}</ref> JCPenney also re-introduced cosmetics with the opening of [[Sephora]] "[[Store-within-a-store|stores-within-a-store]]" inside some JCPenney locations. Beginning in 2007, JCPenney's store slogan changed from "It's All Inside" to "Every Day Matters." The new slogan and associated ad campaign was launched in television commercials during the [[79th Academy Awards]] in late February 2007. After JCPenney sold off Eckerd in 2004, [[Brooks Eckerd Pharmacy|the locations that continued to operate as Eckerd]] (some locations in the [[Southern U.S.]] were sold to [[CVS Corporation]]) still had JCPenney Catalog Centers inside the stores (which was a carryover from locations that were once [[Thrift Drug]]) and continued to accept JCPenney credit cards. After [[Rite Aid]] finalized its acquisition of Eckerd in 2007, the Catalog Centers inside the soon-to-be-converted stores permanently closed. Although as a result of the acquisition, Rite Aid now accepts JCPenney credit cards, even at Rite Aid locations that existed before the acquisition of Eckerd. In November 2007, the company launched a new public website, JCPenneyBrands.com, which covers the company's private and exclusive brands and its branding strategy, as well as a preview of an upcoming product line.

[[File:JCPenney Standalone.jpg|right|thumb|Exterior of the big-box format JCPenney store in [[Houston]], Texas (2009)]]

In February 2008, the company launched the American Living brand, as developed by [[Ralph Lauren]], across several product lines. The launch, which was accompanied by an ad campaign during the [[80th Academy Awards]], was the company's largest private brand launch.<ref name="AllBusiness">{{cite web|url=http://www.allbusiness.com/services/business-services/3974853-1.html|title=Business Wire Press Release|access-date=November 10, 2007|archive-url=https://web.archive.org/web/20071202033326/http://www.allbusiness.com/services/business-services/3974853-1.html|archive-date=December 2, 2007}}</ref> That summer, JCPenney also added a new brand to its home collection, Linden Street. The Linden Street brand features furniture, domestics, and home decor. Linden Street is sold exclusively in JCPenney stores and through its website. Other brands for juniors and young men were launched that summer. They included a relaunch of [[Le Tigre Clothing|Le Tigre]], along with Decree, and Fabulosity, a junior line of clothing by [[Kimora Lee Simmons]].

In July 2009, new additions were made to the JCPenney young men's department, including an expansion of its private brand Decree (previously exclusively a juniors clothing line) and the introduction of more skate/surf-oriented clothing, including Rusty, RS by [[Ryan Sheckler]] and 3rd Rail. In August, [[Albert Gonzalez]]'s defense lawyer announced JCPenney was a victim of a [[Hacker (computer security)|computer hacker]], although the company stated that no customers' credit card information had been stolen.<ref>{{cite web|url=http://www.storefrontbacktalk.com/securityfraud/j-c-penney-target-added-to-list-of-gonzalez-retail-victims/ |title=J.C. Penney, Target Added To List Of Gonzalez Retail Victims |work=FierceRetail |url-status=dead |archive-url=https://web.archive.org/web/20120421081522/http://storefrontbacktalk.com/securityfraud/j-c-penney-target-added-to-list-of-gonzalez-retail-victims/ |archive-date=April 21, 2012 }}</ref> That year, JCPenney reached an agreement with [[Seattle's Best Coffee]] to feature full-service cafes within leased departments inside JCPenney stores across the country.{{Citation needed|date=January 2019}} Seattle's Best Coffee is still expanding café locations within JCPenney locations across the country.{{As of?|date=October 2024}}

===2010–2014===
[[File:JCP Frisco Stonebriar.jpg|thumb|right|Exterior of the JCPenney store at the [[Stonebriar Centre]] in [[Frisco, Texas]] (2013)]]
[[File:J-C-Penney-4616.jpg|right|thumb| JCPenney headquarters in [[Plano, Texas]] (2014)]]

In 2010, Vornado Realty Trust acquired a 9.9% stake in JCPenney but sold it in 2013 for $13.00 per share.<ref>{{cite news|url=https://www.reuters.com/article/us-jcpenney-vornado/vornado-sells-entire-j-c-penney-stake-for-13-per-share-idUSBRE98J0YD20130920|title=Vornado sells entire J.C. Penney stake for $13 per share|publisher=Reuters|date=September 20, 2013}}</ref> On January 24, 2011, JCPenney shut down its catalog business and 19 outlet stores.<ref>{{Cite web |last=Neely |first=Brett |date=January 25, 2011 |title=JC Penney closes catalog business and outlets |url=https://www.npr.org/2011/01/25/133200323/j-c-penney-to-close-catalog-business-outlets |website=NPR}}</ref> Seven additional stores and two call centers also closed.<ref name=jcpclo>{{cite web|url=http://www.foxbusiness.com/markets/2011/01/24/jc-penney-close-stores-exit-catalog-biz/|title=J.C. Penney to Close Stores, Exit Catalog Business|work=Fox Business|url-status=dead|archive-url=https://web.archive.org/web/20110127175814/http://www.foxbusiness.com/markets/2011/01/24/jc-penney-close-stores-exit-catalog-biz/|archive-date=January 27, 2011}}</ref>

On February 12, 2011, ''The New York Times'' revealed that JCPenney was using "[[spamdexing]]" techniques to manipulate Google search rankings. Google reduced the company's visibility, and JCPenney fired its search engine consultant.<ref name="Segal">David Segal, [https://www.nytimes.com/2011/02/13/business/13search.html "The Dirty Little Secrets of Search"] ({{webarchive|url=https://web.archive.org/web/20121008074056/http://www.nytimes.com/2011/02/13/business/13search.html |date=October 8, 2012 }}), ''The New York Times'', February 12, 2011</ref>

In June 2011, [[Ron Johnson (businessman)|Ron Johnson]], former head of Apple's retail division, became JCPenney's CEO.<ref>[http://ir.jcpenney.com/phoenix.zhtml?c=70528&p=irol-newsCompanyArticle&ID=1573712&highlight= "JCPenney announces new CEO."] {{Webarchive|url=https://web.archive.org/web/20150202110529/http://ir.jcpenney.com/phoenix.zhtml?c=70528&p=irol-newsCompanyArticle&ID=1573712&highlight=|date=February 2, 2015}} JCPenney press office. June 2011.</ref> That same year, the company sold its 15 remaining catalog outlets to SB Capital Group, converting them into JC's 5 Star Outlets.<ref name="jcpsbc">[http://www.sbcapitalgroup.com/news/item.cfm?id=108 SB Capital press release] {{webarchive|url=https://web.archive.org/web/20120425073212/http://www.sbcapitalgroup.com/news/item.cfm?id=108 |date=April 25, 2012 }}. October 2011</ref>

In December 2011, JCPenney purchased a 16.6% stake in Martha Stewart Living Omnimedia, intending to create "mini-Martha Stewart shops" in its stores by 2013.<ref>{{cite news|url=http://www2.journalnow.com/business/2011/dec/08/wsbiz01-business-briefs-for-dec-8-ar-1690034/|title=J.C. Penney to offer Martha Stewart shops|work=[[Winston-Salem Journal]]|agency=[[Associated Press]]|date=December 8, 2011|access-date=December 8, 2011|url-status=dead|archive-url=https://archive.today/20130127100651/http://www2.journalnow.com/business/2011/dec/08/wsbiz01-business-briefs-for-dec-8-ar-1690034/|archive-date=January 27, 2013}}</ref>

In early 2012, JCPenney implemented a new pricing strategy, replacing sales with "Every Day" prices, but saw a 22% sales decline by mid-year.<ref>[https://www.forbes.com/sites/lauraheller/2012/01/26/why-jcpenney-will-be-the-most-interesting-retailer-of-2012/ Why J.C. Penney Will Be The Most Interesting Retailer Of 2012] {{webarchive|url=https://web.archive.org/web/20170729172109/https://www.forbes.com/sites/lauraheller/2012/01/26/why-jcpenney-will-be-the-most-interesting-retailer-of-2012/ |date=July 29, 2017 }}. Forbes, January 26, 2012</ref> The company also experienced staff cuts, laying off 1,600 employees in January and 600 more in April 2012.<ref>{{cite web|last1=Halkias|first1=Maria|title=J.C. Penney lays off 600 at Legacy headquarters in Plano|url=http://bizbeatblog.dallasnews.com/2012/04/jc-penney-layoffs-expected-at.html/|website=dallasnews.com|publisher=Dallas Morning News|access-date=January 20, 2016|date=April 5, 2012|url-status=live|archive-url=https://web.archive.org/web/20160611114819/http://bizbeatblog.dallasnews.com/2012/04/jc-penney-layoffs-expected-at.html/|archive-date=June 11, 2016}}</ref> Johnson was dismissed in April 2013 and replaced by former CEO [[Mike Ullman]].<ref>{{cite news|title=JCPenney fires Ron Johnson as CEO; hire previous CEO Ullman|url=https://www.nypost.com/p/news/business/ron_john_gone_0uoXPmam5y3tFvzy4Bd59I|access-date=August 14, 2013|newspaper=New York Post|date=April 9, 2013|author=James Covert}}</ref>

In late 2013, JCPenney faced challenges in the stock market, issuing 84 million shares amid declining margins and a return to promotional pricing strategies.<ref name="J.C. Penney to Raise Cash in Offering of Its Shares">{{cite news | url=https://www.nytimes.com/2013/09/27/business/jc-penney-to-raise-cash-in-offering-of-its-shares.html?_r=0 | title=J.C. Penney to Raise Cash in Offering of Its Shares | work=[[The New York Times]] | date=September 26, 2013 | access-date=October 19, 2013}}</ref>

===2015–2019===
In January 2015, it was announced that JCPenney would close 39 under-performing stores nationwide and lay off 2,250 employees.<ref>{{cite news|last=Strauss|first=Gary|title=J.C. Penney, Macy's to shut stores, lay off scores|work=USA Today|date=January 8, 2015|url=https://www.usatoday.com/story/money/business/2015/01/08/jc-penney-to-shutter-40-stores-lay-off-hundreds/21448085/|access-date=January 9, 2015|url-status=live|archive-url=https://web.archive.org/web/20150108230432/http://www.usatoday.com/story/money/business/2015/01/08/jc-penney-to-shutter-40-stores-lay-off-hundreds/21448085/|archive-date=January 8, 2015}}</ref> That same year, the company announced that it was liquidating its The Foundry Big & Tall Supply Co. chain of standalone clothing stores. In January 2016, JCPenney announced plans to relaunch its business of selling major appliances to target a wave of [[millennials]] who are buying first-time homes.<ref>{{cite web|url=http://www.marketwatch.com/story/jc-penney-targets-millennials-with-a-return-to-the-appliance-business-2016-01-19?link=MW_latest_news|title=J.C. Penney targets millennials with a return to the appliance business|first=Tonya|last=Garcia|access-date=March 2, 2017|url-status=live|archive-url=https://web.archive.org/web/20170702082406/http://www.marketwatch.com/story/jc-penney-targets-millennials-with-a-return-to-the-appliance-business-2016-01-19?link=MW_latest_news|archive-date=July 2, 2017}}</ref> In February, JCPenney opened a support center in [[Bangalore]], India.<ref name="auto">{{cite news|url=http://www.business-standard.com/article/companies/jc-penney-takes-on-lease-130-000-sq-ft-in-bengaluru-116020400045_1.html|title=JC Penney takes on lease 130,000 sq ft in Bengaluru|first=Raghavendra|last=Kamath|newspaper=Business Standard India|date=February 4, 2016|via=Business Standard|url-status=live|archive-url=https://web.archive.org/web/20170829122050/http://www.business-standard.com/article/companies/jc-penney-takes-on-lease-130-000-sq-ft-in-bengaluru-116020400045_1.html|archive-date=August 29, 2017}}</ref><ref>{{cite web|url=https://books.google.com/books?id=9FkeKsyAnt8C&q=narayana+bank+one+corporation&pg=RA5-PA2|title=Senate Reports|first=United States|last=Congress|date=August 29, 2017|publisher=Government Printing Office|via=Google Books}}</ref>

In January 2017, JCPenney sold its headquarters campus and surrounding land in Plano, Texas, to Dreien Opportunity Partners as a [[leaseback]] sale to maintain operations at the location.<ref>{{cite web|url=https://fortune.com/2017/01/03/jcpenney-headquarters-debt/ |last=Wahba |first=Phil |date=January 3, 2017 |title=J.C. Penney Is Selling Its Headquarters for $353 Million |work=[[Fortune (magazine)|Fortune]]|access-date=August 15, 2019}}</ref> The land has since been broken up and sold and developed. Space inside the headquarters building has been subleased. Part of this land was sold to where the current Toyota North America headquarters is now located.<ref>{{Cite web|url=https://fortune.com/2017/01/03/jcpenney-headquarters-debt/|title = J.C. Penney is Selling Its Headquarters for $353 Million}}</ref> In February, JCPenney announced that it would shutter two distribution centers and up to 140 under-performing stores as it wrestled with disappointing sales. The company also planned to offer buyouts to roughly 6,000 employees.<ref>{{cite news|last=Allocca|first=Sean|title=JC Penney Closing 140 Stores in Early 2017|work=CFO|publisher=Argle|access-date=March 14, 2017|url=http://ww2.cfo.com/budgeting/2017/02/jc-penney-closing-140-stores/|url-status=live|archive-url=https://web.archive.org/web/20170315001005/http://ww2.cfo.com/budgeting/2017/02/jc-penney-closing-140-stores/|archive-date=March 15, 2017}}</ref> On March 17, JCPenney released a list of 138 locations that would close by the end of June.<ref>[http://www.jcpnewsroom.com/news-releases/2017/assets/0317_list_of_store_closures.pdf List of store closures (PDF)] {{webarchive|url=https://web.archive.org/web/20170317190410/http://www.jcpnewsroom.com/news-releases/2017/assets/0317_list_of_store_closures.pdf |date=March 17, 2017 }} March 17, 2017</ref> By closing stores and distribution facilities, JCPenney would redirect resources to help expand its store-in-store [[Sephora]] boutiques, and add [[Nike, Inc.|Nike]] and [[Adidas]] boutiques, similar to what [[Macy's]] has done with [[Finish Line, Inc.|Finish Line]], [[Lids (store)|Lids]] and [[LensCrafters]].<ref>Phil Wahba, [https://fortune.com/2017/03/17/jcpenney-stores-closing/ J.C. Penney Is Closing These 138 Stores This Spring] {{webarchive|url=https://web.archive.org/web/20171215110629/http://fortune.com/2017/03/17/jcpenney-stores-closing/ |date=December 15, 2017 }}, ''Fortune'' magazine, March 17, 2017</ref>

In an effort to capitalize on self-deprecating humor and improve its reputation, JCPenney collaborated with [[Nicole Richie]] and other designers to open a "Jacques Penne" pop-up shop in [[Manhattan]] during the 2017 holiday season.<ref>{{cite web|last1=Chan|first1=Stephanie|title=J.C. Penney Opening 'Jacques Penne' Pop-Up Shop|url=https://www.hollywoodreporter.com/news/jc-penney-opening-jacques-penne-pop-up-shop-1064040|website=Hollywood Reporter|date=December 4, 2017|url-status=live|archive-url=https://web.archive.org/web/20180214073431/https://www.hollywoodreporter.com/news/jc-penney-opening-jacques-penne-pop-up-shop-1064040|archive-date=February 14, 2018}}</ref><ref>{{cite web|last1=Lodi|first1=Marie|title=Nicole Richie tells us her beauty resolution for 2018 and the products on her holiday wish list|url=https://hellogiggles.com/beauty/nicole-richie-interview-beauty-resolution/|website=Hello Giggles|url-status=live|archive-url=https://web.archive.org/web/20180119031330/https://hellogiggles.com/beauty/nicole-richie-interview-beauty-resolution/|archive-date=January 19, 2018}}</ref>

[[File:JCPenney Storefront.jpg|right|thumb|Mall entrance of the JCPenney store at the [[Deptford Mall]] in [[Deptford Township, New Jersey]], 2018]]

In 2018, the JCPenney at Plaza Palma Real in [[Humacao, Puerto Rico]] closed permanently, after [[Hurricane Maria]] devastated the store in September 2017.<ref>{{Cite news|url=https://www.dallasnews.com/business/retail/2018/02/14/jc-penney-will-close-wisconsin-distribution-center-closing-8-stores|title=J.C. Penney is closing a Wisconsin distribution center and 8 stores|date=February 14, 2018|work=Dallas News|access-date=March 27, 2018|language=en|url-status=live|archive-url=https://web.archive.org/web/20180328102410/https://www.dallasnews.com/business/retail/2018/02/14/jc-penney-will-close-wisconsin-distribution-center-closing-8-stores|archive-date=March 28, 2018}}</ref> In May, JCPenney reported an adjusted loss of $69&nbsp;million in the first quarter, even worse than Wall Street predicted, and lowered its projections for the year.<ref name="may2018">{{cite web|title=JCPenney is Running Out of Time|first=Paul|last=La Monica|url=https://money.cnn.com/2018/05/17/investing/jcpenney-earnings/index.html|access-date=May 17, 2018|website=CNN Money|date=May 17, 2018|url-status=live|archive-url=https://web.archive.org/web/20180517184755/http://money.cnn.com/2018/05/17/investing/jcpenney-earnings/index.html|archive-date=May 17, 2018}}</ref> Sales fell 4%, also missing estimates. Earlier in 2018, the company announced it would cut 360 jobs at its stores and corporate headquarters. The company lowered its earnings forecast for the year to 13 cents per share at best, and said it could lose as much as 7 cents. JCPenney finished the quarter with just $181&nbsp;million in cash, down from $363&nbsp;million a year ago. Much of the big decrease was because of a $190&nbsp;billion debt replace. On May 22, JCPenney announced the resignation of their CEO, Marvin Ellison.<ref name="may2018" /> On October 2, JCPenney announced former [[Jo-Ann Stores]] CEO [[Jill Soltau]] as their CEO, effective October 15. With the announcement, JCPenney's shares rose 9%.<ref>{{Cite news|url=https://www.cnbc.com/2018/10/02/jc-penney-appoints-jill-soltau-as-ceo.html|title=JC Penney taps former Joann Stores chief Jill Soltau as its CEO, sending shares up more than 10%|last=Thomas|first=Lauren|date=October 2, 2018|work=CNBC|access-date=October 17, 2018}}</ref> The company ranked 235 on the [[Fortune 500]] list of the largest United States corporations by revenue.<ref>{{Cite web|url=http://fortune.com/fortune500/j-c-penney/|title=J.C. Penney|website=Fortune|language=en-US|access-date=November 25, 2018|archive-date=November 25, 2018|archive-url=https://web.archive.org/web/20181125132424/http://fortune.com/fortune500/j-c-penney/|url-status=dead}}</ref><ref>{{Cite news|url=https://www.bloomberg.com/news/articles/2019-09-17/can-j-c-penney-bounce-back-ceo-revamps-dressing-rooms-and-more|title=Penney's First Female CEO Says Her Turnaround Will Be the One to Work|author=Jordyn Holman|date=September 17, 2019|work=[[Bloomberg News|Bloomberg]]|access-date=February 26, 2020}}</ref> She has also brought new talent and has cleaned out inventory.<ref>{{Cite web|url=https://www.forbes.com/sites/warrenshoulberg/2019/09/20/two-sides-of-the-penney-soltau--and-johnson/|title=Jill Soltau's Slow Approach To Save JC Penney May Be As Dangerous As Ron Johnson's Quick Attempt|last=Shoulberg|first=Warren|website=Forbes|language=en|access-date=February 26, 2020}}</ref> On December 26, the stock price of JCPenney (NYSE: JCP) fell below $1 per share. This was the first time ever that shares had fallen below $1 in the 110-year history of the company, which started trading on the New York Stock Exchange in 1929. The stock fell 68% over the course of 2018, including a 30% drop in December 2018 alone.<ref>{{cite news|url=https://www.cnn.com/2018/12/26/investing/jcpenney-stock/index.html|title=JCPenney stock falls below $1 for the first time ever|last=Goldman|first=David|date=December 26, 2018|work=CNN Business|access-date=December 26, 2018}}</ref>

On February 6, 2019, JCPenney said it would stop selling major appliances on February 28, and that furniture would be limited to online and stores in Puerto Rico.<ref>{{cite news|url=https://www.cnn.com/2019/02/06/investing/jcpenney-appliances/index.html|title=JCPenney is ditching appliances and most furniture from its stores|last=Goldman|first=David|date=February 6, 2019|work=CNN Business|access-date=February 6, 2019}}</ref> On February 28, JCPenney announced its intent to close 27 stores in 2019, including 18 full-line department stores and nine home-and-furniture stores. The closure announcement was paired with news that the retailer had suffered a 4% decline in same-store sales during the 2018 holiday quarter.<ref>{{Cite web|url=https://www.businessinsider.com/jcpenney-stores-closing-2019-2|title=JCPenney plans to close 27 stores as sales sink|last=Peterson|first=Hayley|website=Business Insider|access-date=May 29, 2019}}</ref> On March 26, JCPenney announced the hiring of Bill Wofford as chief financial officer. Wofford came to the company from [[The Vitamin Shoppe]], where he had served as CFO since June 2018.<ref>{{Cite news|url=https://www.wsj.com/articles/j-c-penney-nabs-former-vitamin-shoppe-cfo-11553635403|title=J.C. Penney Taps New CFO as Retailer Fights Falling Sales|last=Shumsky|first=Tatyana|date=March 27, 2019|work=[[The Wall Street Journal]]|access-date=April 17, 2019|language=en-US|issn=0099-9660}}</ref> On May 21, JCPenney announced that Shawn Gensch would be the [[chief customer officer]], to take effect on June 3. Gensch comes from [[Sprouts Farmers Market]] where he was their CCO.<ref>{{cite web|url=https://www.bizjournals.com/dallas/news/2019/05/21/jcpenney-names-new-chief-customer-officer.html?|date=May 21, 2019|title=JCPenney names new chief customer officer|work=[[Dallas Business Journal]]|access-date=May 21, 2019}}</ref> Also on May 21, JCPenney announced a net sales decline of 5.6% and a net loss of $154&nbsp;million for its fiscal first quarter of 2019, which ended on May 5.<ref>{{Cite web|url=https://www.foxbusiness.com/markets/jcpenney-kohls-post-disappointing-earnings-in-first-quarter-stocks-crater|title=JCPenney, Kohl's disappoint and stocks crater|last=Joyce|first=Kathleen|date=May 21, 2019|website=FOXBusiness|language=en-US|access-date=May 29, 2019}}</ref>

===COVID and bankruptcy: 2020===
On January 19, 2020, JCPenney announced plans to close six stores.<ref>{{Cite web|url=https://www.dallasnews.com/business/retail/2020/01/19/jc-penney-to-close-6-stores-and-a-call-center/|title=J. C. Penney to close six stores and a call center|date=January 19, 2020|newspaper=The Dallas Morning News|language=en|access-date=January 26, 2020}}</ref>

====COVID-19 pandemic====
On March 15, 2020, when businesses were ordered to temporarily close in many states, the chain closed all of its stores and furloughed its employees. JCPenney became the fourth major national retailer to file for bankruptcy in May 2020.<ref name=bankruptcy>{{cite news|url=https://www.cnn.com/2020/05/15/business/jcpenney-bankruptcy/index.html|title=J. C. Penney files for bankruptcy|last1=Isidore|first1=Chris|last2=Meyersohn|first2=Nathaniel|date=May 15, 2020|work=CNN|access-date=May 15, 2020}}</ref><ref>{{Cite web|title=J.C. Penney to close 242 stores|url=https://news.yahoo.com/j-c-penney-close-242-223900349.html|website=news.yahoo.com|date=May 18, 2020 |language=en-US|access-date=May 19, 2020}}</ref> Days earlier, it was reported in a regulatory filing that JCPenney would give bonuses totaling nearly $10&nbsp;million to the company's senior managers, which included $4.5&nbsp;million to CEO [[Jill Soltau]].<ref>{{cite news|url=https://www.forbes.com/sites/warrenshoulberg/2020/05/13/soltau-and-team-taking-10-million-in-bonuses-out-of-sinking-penney/#594a65931f55|title=Soltau And Team Taking $10 Million In Bonuses Out Of Sinking Penney|last1=Shoulberg|first1=Warren|date=May 13, 2020|work=Forbes|access-date=May 16, 2020}}</ref> After 91 years, it was delisted from the [[New York Stock Exchange]] on May 18, 2020, and started trading over-the-counter the following business day.<ref>{{Cite news|title=NYSE to Suspend Trading in J. C. Penney Company (JCP)|work=StreetInsider.com|url=https://www.streetinsider.com/Corporate+News/NYSE+to+Suspend+Trading+in+J.+C.+Penney+Company+(JCP)/16901254.html|access-date=May 19, 2020}}</ref>

On March 18, JCPenney announced all retail stores would temporarily close in response to the global [[COVID-19 pandemic]] until April 2. On March 31, JCPenney announced an extension of the planned April 2 reopening, with a new date not possible to be determined at the time. On May 1, JCPenney announced a limited number of stores would reopen.<ref>{{Cite web|url=https://companyblog.jcpnewsroom.com/storesopen/#openstores|title = Coronavirus (COVID-19) Response – Penney IP LLC| date=April 28, 2020 }}</ref>

====Bankruptcy and new ownership====
On May 15, 2020, JCPenney filed for [[Chapter 11, Title 11, United States Code|Chapter 11]] bankruptcy and announced that there would be an additional 242 store closings, blaming the [[COVID-19 pandemic in the United States|COVID-19 pandemic]] for its action. By June 17, JCPenney reopened approximately 827 stores; most of the 154 scheduled for permanent closure in 2020 were among those reopened, with final closing sales in progress. On June 22, JCPenney identified an additional 13 stores that would be permanently closed.<ref>{{Cite web|last=Thomas|first=Lauren|date=June 23, 2020|title=JC Penney is closing 13 more stores. Here's a map of where they are|url=https://www.cnbc.com/2020/06/23/jc-penney-is-closing-13-more-stores-heres-a-map-of-where-they-are.html|website=CNBC|language=en}}</ref> On July 7, 2020, JCPenney announced that they would close two stores in New York City; one at the [[100 West 33rd Street|Manhattan Mall]], which was closed immediately and the Kings Plaza store in Brooklyn, which closed on Sunday, September 27, 2020.<ref>{{Cite web|title=Bankrupt JCPenney Is Closing its Manhattan Mall and Kings Plaza Locations in NYC|url=https://www.yahoo.com/lifestyle/bankrupt-jcpenney-closing-manhattan-mall-221447795.html|access-date=July 9, 2020|website=www.yahoo.com|date=July 7, 2020 |language=en-US}}</ref> On December 17, 2020, JCPenney announced that they would close 15 additional stores in March 2021.<ref>{{Cite web|last=Tyko|first=Kelly|title=J.C. Penney closing more stores after exiting bankruptcy. Will your store close in March 2021? See the list.|url=https://www.usatoday.com/story/money/shopping/2020/12/17/jcpenney-stores-closing-march-2021-list-coronavirus-bankruptcy/3940925001/|access-date=January 13, 2021|website=USA Today|language=en-US}}</ref><ref>{{Cite web|title=JCPenney Store Closings – Penney IP, LLC|url=https://companyblog.jcpnewsroom.com/storeclosings/|access-date=January 31, 2021|website=companyblog.jcpnewsroom.com|date=June 4, 2020|archive-date=July 11, 2020|archive-url=https://web.archive.org/web/20200711012214/https://companyblog.jcpnewsroom.com/storeclosings/|url-status=dead}}</ref> As of June 2021, there have been a total of 175 store closures. On December 30, 2020, it was announced that [[Jill Soltau]] would step down as CEO of JCPenney, effective December 31, 2020. It is unclear whether she was fired or resigned.<ref>{{Cite web|date=December 7, 2020|title=J.C. Penney sale to landlords Simon and Brookfield is completed|url=https://www.dallasnews.com/business/retail/2020/12/07/jc-penney-sale-to-landlords-simon-and-brookfield-is-completed/|access-date=December 30, 2020|website=Dallas News|language=en}}</ref> On January 1, 2021, Soltau was replaced by Simon Property's chief investment officer, Stanley Shashoua.<ref>{{Cite web|date=December 31, 2020|title=J.C. Penney is toast in 2021|url=https://finance.yahoo.com/news/jc-penney-is-toast-in-2021-172357996.html|access-date=December 31, 2020|website=Yahoo News|language=en}}</ref>

On June 4, 2020, JCPenney released a list of 148 stores slated to close starting in late June 2020, with eleven additional store closures announced on June 22 and two additional stores on July 7, with the previously announced store closing locations remaining on hold pending further review, for a planned closing a total of 242 stores.<ref name=closing>{{Cite web|last=Bomey|first=Nathan|title=J.C. Penney store closings list released: Is your local store facing liquidation in bankruptcy?|url=https://www.usatoday.com/story/money/2020/06/04/jcpenney-store-closings-list-liquidation-store-closures/3135608001/|access-date=June 8, 2020|website=USA Today|language=en-US}}</ref><ref>{{Cite web|title=JCPenney Store Closings – JCPenney Company Blog|url=https://companyblog.jcpnewsroom.com/storeclosings/|access-date=June 8, 2020|website=companyblog.jcpnewsroom.com|date=June 4, 2020|archive-date=July 11, 2020|archive-url=https://web.archive.org/web/20200711012214/https://companyblog.jcpnewsroom.com/storeclosings/|url-status=dead}}</ref><ref>{{Cite news|author=Chris Isidore|title=JCPenney will close nearly 30% of its stores as part of its bankruptcy plan|url=https://www.cnn.com/2020/05/18/business/jcpenney-store-closings/index.html|access-date=June 9, 2020|website=CNN}}</ref><ref>{{Cite web|last=Tyko|first=Kelly|title=J.C. Penney liquidation sales at 136 closing stores underway with discounts up to 40% off|url=https://www.usatoday.com/story/money/2020/06/17/jcpenney-bankruptcy-store-closings-list-liquidation-sale/3203417001/|website=USA Today|language=en-US}}</ref><ref>{{Cite web|last=Bomey|first=Nathan|title=13 more J.C. Penney store closings revealed: Department store continues bankruptcy store closures|url=https://www.usatoday.com/story/money/2020/06/23/jcpenney-store-closings-liquidation-sales/3240917001/|website=USA Today|language=en-US}}</ref> Since the initial filing, rumors of potential buyers included [[Amazon (company)|Amazon]], [[Sycamore Partners]], and a group consisting of [[Authentic Brands Group|Authentic Brands]] ([[Forever 21]], [[Aéropostale (clothing)|Aeropostale]], [[Barneys New York|Barneys]]), and mall owners Simon Property Group and Brookfield Properties.<ref>{{Cite web|last=PYMNTS|date=June 16, 2020|title=Forever 21 Bailout Team May Rescue JCPenney|url=https://www.pymnts.com/news/retail/2020/forever-21-bailout-team-may-rescue-jcpenney/|website=PYMNTS.com|language=en-US}}</ref><ref>{{Cite web|last=Schmidt|first=Ann|date=June 5, 2020|title=Bankrupt JCPenney, Sycamore Partners in acquisition talks: Report|url=https://www.foxbusiness.com/money/jcpenney-acquisition-talks-sycamore-partners|website=FOXBusiness|language=en-US}}</ref><ref>{{Cite web|last=Stein|first=Sanford|title=As Reports Swirl, What Could Amazon Want From JCPenney?|url=https://www.forbes.com/sites/sanfordstein/2020/05/21/what-does-amazon-want-from-jcpenney/|website=Forbes|language=en}}</ref> On July 8, JCPenney submitted their bankruptcy exit plan to existing lenders, and requested more time for negotiations.<ref>{{Cite web|url=https://footwearnews.com/2020/business/retail/jcpenney-business-plan-extension-bankruptcy-1203020633/|title = Why JCPenney is Asking for More Time as it Wades Through Bankruptcy|date = July 9, 2020}}</ref> On July 31, 2020, it was announced that 21 stores, including the "Mother Store" in [[Kemmerer, Wyoming]], would be auctioned off as part of the proceedings.<ref>{{Cite web|last=Lisicky|first=Michael|title=JCPenney Puts Its Original 1902 Store – In Kemmerer, Wyoming – Up For Auction|url=https://www.forbes.com/sites/michaellisicky/2020/08/01/jcpenney-puts-its-original-1902-storein-kemmerer-wyomingup-for-auction/|website=Forbes|language=en|access-date=August 2, 2020}}</ref>[[File:Former Sephora inside JCPenney; Pittsburgh Mills; Tarentum PA.jpg|thumb|A former Sephora inside the now-closed JCPenney at [[Pittsburgh Mills]] in [[Tarentum, Pennsylvania]]]]On September 9, 2020, [[Brookfield Property Partners]] and [[Simon Property Group]] agreed to purchase JCPenney for about $800&nbsp;million, including $300&nbsp;million in cash and assuming $500&nbsp;million of debt,<ref>{{cite web|url=https://www.bizjournals.com/dallas/news/2020/09/09/jcpenny-retail-business-simon-property-brookfield.html? |last=Ayers |first=Rebecca |date=September 9, 2020 |title=The New York Times: J.C. Penney to sell retail business to Simon Property Group and Brookfield Property Partners |work=[[American City Business Journals#Dallas Business Journal|Dallas Business Journal]] |access-date=September 9, 2020}}</ref> which was later approved by the court on November 10, 2020.<ref name=":0" /> It had been established that once the company emerges from bankruptcy it is poised to save nearly 60,000 jobs, according to various independent studies.<ref>{{Cite news|last=Thorbecke|first=Catherine|title=J.C. Penney emerging from bankruptcy could save 60,000 jobs|url=https://abcnews.go.com/Business/jc-penney-emerging-bankruptcy-save-60000-jobs/story?id=74146508|access-date=November 25, 2020|website=ABC News|language=en}}</ref> The company was paying $2.45&nbsp;million in monthly rent at the time it sold its headquarters offices in Plano, Texas in 2017; the location was permanently vacated in November 2020.<ref>{{Cite web|title=JCPenney Turns Off The Lights At Its Plano, Texas Headquarters|url=https://www.forbes.com/sites/warrenshoulberg/2020/11/23/jcpenney-turns-off-the-lights-at-its-plano-headquarters/?sh=3c8c00ec42a5|date=November 23, 2020|access-date=December 28, 2020|website=Forbes|language=en-US}}</ref><ref>{{Cite web|title=J.C. Penney still doesn't have a headquarters, but it's making do at the mall|url=https://www.dallasnews.com/business/retail/2021/07/28/jc-penney-still-doesnt-have-a-headquarters-but-its-making-do-at-the-mall|date=July 28, 2021|access-date=August 21, 2021|website=Dallas News|language=en-US}}</ref>

=== Under Simon and Brookfield: 2020–present ===
In October 2021, the company opened 10 new shop-in-shop locations across the US, featuring a wide variety of brands, including indie and [[BIPOC]] brands, among them flagship partner [[Thirteen Lune]].<ref>{{Cite web|title=JCPenney unveils 10 indie beauty-focused shop-in-shop locations across the US|url=https://www.premiumbeautynews.com/en/jcpenney-unveils-10-indie-beauty,19161|access-date=2021-11-18|website=Premium Beauty News|language=en}}</ref> Marc Rosen became CEO in 2021.

In April 2022, JCPenney's owners—Simon and Brookfield—offered $8.6 billion to purchase [[Kohl's]].<ref>{{Cite web |last=Stein |first=Sanford |title=Simon and Brookfield Pursue Kohl's to Join Rival J.C. Penney |url=https://www.forbes.com/sites/sanfordstein/2022/05/01/simon-and-brookfield-pursue-kohls-to-join-rival-jc-penney/ |website=Forbes |language=en}}</ref> Sephora had already announced plans to contract exclusively with Kohl's by 2023, and had piloted [[Sephora]] Inside Kohls at select store locations. With this deal, Sephora would remain affiliated with, and under control of, the Simon and Brookfield retail portfolio, therefore superseding and annulling previous agreements for Sephora to leave JCPenney in favor of Kohl's.<ref>{{Cite web |date=2022-05-10 |title=A streamlined proposal for rival retailers: Is JCPenney buying Kohl's? |url=https://www.silive.com/business/2022/05/a-streamlined-proposal-for-rival-retailers-is-jcpenney-buying-kohls.html |website=silive |language=en}}</ref>

The company returned to its Plano, Texas, headquarters in July 2023.<ref name="back in business" /><ref>{{Cite web |last=((FOX 4 Staff)) |first= |date=2023-07-20 |title=JCPenney reopens corporate headquarters in Plano |url=https://www.fox4news.com/news/jcpenney-reopens-corporate-headquarters-in-plano |access-date=2023-07-21 |website=FOX 4 |language=en-US}}</ref> The reopened headquarters contains over 2,000 workers and occupies three floors.<ref>{{Cite web |date=2023-07-20 |title=JCPenney signals stability with move back into old Plano headquarters |url=https://www.dallasnews.com/business/retail/2023/07/20/jcpenney-signals-stability-with-move-back-into-old-plano-headquarters/ |access-date=2023-07-21 |website=Dallas News |language=en}}</ref>

==Finances==
{| class="wikitable float-left" style="text-align: right;"
!Year
!Revenue<br />in mil. US$
!Net income<br />in mil. US$
!Total assets<br />in mil. US$
!Employees
!Stores
|-
|2005
|18,096
|512
|14,127
|151,000
|1,079
|-
|2006
|18,781
|1,088
|12,461
|151,000
|1,019
|-
|2007
|19,903
|1,153
|12,673
|155,000
|1,033
|-
|2008
|19,860
|1,111
|14,309
|155,000
|1,067
|-
|2009
|18,486
|572
|12,011
|147,000
|1,093
|-
|2010
|17,556
|251
|12,581
|154,000
|1,108
|-
|2011
|17,759
|389
|13,068
|156,000
|1,106
|-
|2012
|17,260
|−152
|11,424
|159,000
|1,102
|-
|2013
|12,985
|−985
|9,781
|116,000
|1,104
|-
|2014
|11,859
|−1,278
|11,801
|117,000
|1,094
|-
|2015
|12,257
|−717
|10,309
|114,000
|1,062
|-
|2016
|12,625
|−513
|9,442
|105,000
|1,021
|-
|2017
|12,547
|1
|9,118
|106,000
|1,013
|-
|2018
|12,505
|−116
|8,413
|98,000
|872
|-
| colspan="6" style="text-align: center;" | '''Source:'''<ref>{{Cite web |url=https://www.macrotrends.net/stocks/charts/JCP/j-c-penney/financial-statements |title=J C Penney Financial Statements 2005-2018 &#124; JCP &#124; MacroTrends |access-date=November 30, 2018 |archive-date=December 1, 2018 |archive-url=https://web.archive.org/web/20181201093047/https://www.macrotrends.net/stocks/charts/JCP/j-c-penney/financial-statements |url-status=dead }}</ref>
|}

==Corporate identity==
===Logo===
<gallery>
File:J. C. Penney Old Logo.svg|Penney's logo used from 1963 to 1971 but still on stores until the 1980s

File:JCPenney 1971-2000.png|JCPenney logo 1971–2000
File:J. C. Penney logo.png|JCPenney box logo 2000–2005
File:JCPenney logo 2011.svg|Alternate JCPenney logo used on a few stores, used from 2011 until 2012
File:JCPenney 2012 logo.svg|JCPenney logo used from 2012 to 2013<ref>{{cite web|url=https://www.jcpenney.com/jcp-brand/cat.jump?id=cat1001600004|archive-url=https://web.archive.org/web/20150627062157/http://www.jcpenney.com/jcp-brand/cat.jump?id=cat1001600004|url-status=dead|archive-date=June 27, 2015|title=The New jcp Brand|date=November 24, 2014|publisher=JCPenney|access-date=November 24, 2014}}</ref>
File:JCPenney logo (2019).svg|JCPenney logo used from November 1, 2019, to 2023
File:JCPenney_logo.svg|JCPenney logo used from the 2000's until 2011 again in 2023-present
</gallery>

===Private brands===
Beginning with the Marathon Hats line, JCPenney has introduced multiple private brands, partially in response to suppliers denying access to expected inventories.<ref>{{cite web |last=Bailey |first=Sharon |url=http://marketrealist.com/2015/10/restoring-private-brands-important-jcpenney/ |title=Why Has JCPenney Been Restoring Its Private Brands? |website=Market Realist |date=October 1, 2015 |access-date=April 13, 2017 |url-status=live |archive-url=https://web.archive.org/web/20170331115343/http://marketrealist.com/2015/10/restoring-private-brands-important-jcpenney/ |archive-date=March 31, 2017 }}</ref><ref>{{Cite web|date=May 26, 2020|title=JCPenney Unveils Linden Street Home Brand Bedding Collection|url=https://www.businesswire.com/news/home/20200526005465/en/JCPenney-Unveils-Linden-Street-Home-Brand-Bedding|access-date=June 9, 2020|website=www.businesswire.com|language=en}}</ref>

* St. John's Bay, casual clothing and shoes for men and women, including Big & Tall (men) and Plus (women)
* St. John's Bay Outdoor, men's outdoor apparel
* [[Arizona Jean Co.|The Original Arizona Jean Company]], casual clothing and sandals for men, women, and children, including Big & Tall
* Xersion, active and athletic clothing for men, women and children
* Worthington, women's formal and casual clothing and shoes
* a.n.a, young women's urban clothing and shoes
* Ambrielle, women's sleepwear, intimates, and swim
* [[Liz Claiborne]], women's apparel<ref>{{Cite news |last=Kass |first=Arielle |date=10 June 2012 |title=Private brands an edge for stores |edition=Final |volume=64 |pages=D1, D5 |work=[[The Atlanta Journal-Constitution]] |issue=162 |department=Business |url=https://www.newspapers.com/clip/115631724/private-retail-brands/ |access-date=2 January 2023 |via=Newspapers.com}} [https://www.newspapers.com/clip/115631744/private-retail-brands-pt2/ Link to second half of article].</ref>
* Ryegrass, stylish women's fashion
* Stafford, men's tailored/fitted clothing and shoes
* J. Ferrar, men's full line of slim-fitting clothing, including Big & Tall
* Collection by Michael Strahan, men's suits, ties, and cuff links
* Claiborne (discontinued), men's apparel
* Mutual Weave, men's denim and casual outerwear
* Marilyn Monroe, women's vintage collection
* Foundry Supply Co. (discontinued solo stores, brand moved to JCPenney stores), men's Big & Tall apparel, superseded by SJB and Arizona.
* ThereAbouts, casual wear for boys and girls
* Okie Dokie, newborn and toddler apparel
* JCPenney Home, home goods
* Linden Street, bedding
* Cooks, cookware
* Home Expressions, home goods
* North Pole Trading Co, Christmas decor & bedding
* Marathon Hats (the first JCP private brand)
* Loom + Forge, modern home decor, bedding, and window

===Former subsidiaries===
*[[Eckerd Corporation|Eckerd Pharmacy]] – a chain of pharmacies that JCPenney sold off in 2004, with former locations becoming [[CVS Health|CVS]] or [[Rite Aid]].
*The Treasury / Treasure Island – a chain of discount stores that JCPenney closed in the 1980s
*Treasury drug stores – a chain of stand-alone drug stores that were also branded with the Treasury nameplate. Treasury Drug stores became Eckerd which JCPenney also owned.
*JCPenney Insurance<ref>Archived at [https://ghostarchive.org/varchive/youtube/20211205/JOw-tYfWbDU Ghostarchive]{{cbignore}} and the [https://web.archive.org/web/20210625132440/https://www.youtube.com/watch?v=JOw-tYfWbDU&feature=youtu.be Wayback Machine]{{cbignore}}: {{cite web| url = https://youtube.com/watch?v=JOw-tYfWbDU&feature=youtu.be| title = 1980 JCPenney Insurance Commercial | website=[[YouTube]]}}{{cbignore}}</ref> – JCPenney Casualty Insurance (also referred to as Penney-Wise Protection) was sold to [[Metropolitan Life Insurance Company]] in 1989.<ref>{{Cite news |url=https://apnews.com/article/32c88e0264cd4c123cac8fecc8752cd9 |title = Metropolitan Buys J.C. Penney Casualty Insurance |author=Doug Fisher |website= |publisher=AP News|date = June 8, 1989 |access-date=December 5, 2021}}</ref>
*Auto Centers – JCPenney had Auto Centers during the 1970s and 1980s. Some JCPenney Auto Centers had gas stations.<ref>{{Cite web|url=https://xoverit.tumblr.com/post/177853975066/j-c-penneys-gas-station-and-auto-center/amp|title = X over it — J. C. Penney's gas station and auto center}}</ref> JCPenney closed the auto centers by the 1990s.
*JCPenney Home Stores – stores that sold linens & home decor
*JCPenney Outlet / JC's 5 Star Outlet – JCPenney Outlet Stores were stores that sold JCPenney's merchandise at a lower outlet store price. JC's 5 Star Outlet was a "lower rank" outlet store. All of the outlet stores were closed by 2013.
*JCPenney furniture outlet – JCPenney outlet stores that only sold furniture and rugs.
*JCPenney Restaurants<ref>{{Cite news|url=https://www.newspapers.com/clip/33411259/jcpenney-restaurant-viewmont-mall-1985/|title = JCPenney Restaurant Viewmont Mall 1985|newspaper = Scrantonian Tribune|date = April 28, 1985|page = 18}}</ref> – some stores had JCPenney-branded restaurants
*Penncraft Tools – a short-lived line of tools intended to compete with [[Craftsman (tools)|Sears Craftsman]], with hand tools manufactured by [[New Britain Machine Company|New Britain]] and power tools and drill bits manufactured by [[Stanley Hand Tools|Stanley]].

==Locations listed on the National Register of Historic Places==
JCPenney locations that are listed on the National Register of Historic Places (NRHP):

*[[J. C. Penney–Chicago Store Building]] (Tucson, Arizona)
*[[J. C. Penney Company Building (Shoshone, Idaho)|J. C. Penney Company Building]] (Shoshone, Idaho)
*[[J. C. Penney Co. Warehouse Building (St. Louis, Missouri)|J. C. Penney Co. Warehouse Building]] (St. Louis, Missouri)
*[[J. C. Penney Building (Newberg, Oregon)|J. C. Penney Building]] (Newberg, Oregon)
*[[J. C. Penney Historic District]], Kemmerer, Wyoming, a [[National Historic Landmark District]]
*[[J. C. Penney House]], Kemmerer, Wyoming

==See also==
* [[Retail apocalypse]]
{{Portal|Companies}}

==References==
{{Reflist}}

==External links==
{{Commons category|J. C. Penney}}
*{{Official website|https://www.jcpenney.com}}
{{Finance links historical
| name = JCPenney
| sec_cik = 77182
}}

{{J. C. Penney Co., Inc.}}
{{Department stores in the United States}}
{{Authority control|state=expanded}}

[[Category:JCPenney| ]]
[[Category:1902 establishments in Wyoming]]
[[Category:American companies established in 1902]]
[[Category:Companies formerly listed on the New York Stock Exchange]]
[[Category:Companies that filed for Chapter 11 bankruptcy in 2020]]
[[Category:Department stores of the United States]]
[[Category:Furniture retailers of the United States]]
[[Category:Companies based in Plano, Texas]]
[[Category:Online retailers of the United States]]
[[Category:Retail companies established in 1902]]
[[Category:Authentic Brands Group]]
[[Category:2020 mergers and acquisitions]]
[[Category:Simon Property Group]]
[[Category:Brookfield Corporation]]