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Learn about JCPenney's origins, values, philanthropy, and careers. JCPenney is a leading retailer of apparel, home, jewelry, and beauty merchandise with over 650+ stores and jcp.com.
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After J. C. Penney sold off Eckerd in 2004, the locations that continued to operate as Eckerd (some locations in the Southern U.S. were sold to CVS Corporation) still had J. C. Penney Catalog Centers inside the stores (which was a carryover from locations that were once Thrift Drug) and also continued to accept J. C. Penney credit cards.
May 20, 2024 · During bankruptcy, JCPenney closed more than 200 stores and restructured its debt. In late 2020, Simon Property Group (SPG) and Brookfield Asset Management (BAM)—two of the nation’s largest property owners—purchased the company for $800 million. At the time of the bankruptcy, JCPenney held $4 billion in debt.
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