J. C. Penney Business, Inc. (operating as JCPenney and also abbreviated JCP) is a midscale American department store chain with 689 areas in 49 U.S. states as well as Puerto Rico.  Along with selling conventional products, JCPenney supplies huge Fine Precious jewelry divisions, The Beauty salon by InStyle, as well as Sephora inside JCPenney. JCPenney shops frequently house numerous leased divisions such as Seattle's Finest Coffee, optical centers, and portrait studios.
Many JCPenney stores lie in SUV mall. Before 1966, the majority of its shops were found in downtown locations. As shopping centers became more prominent during the latter fifty percent of the 20th century, JCPenney started relocating and also developing stores to anchor the shopping centers. In more current years, the chain has actually continued to adhere to customer web traffic, echoing the selling fad of opening some freestanding shops, including some beside competitors. Specific stores are located in power facilities. The firm has been a Web seller because 1998. It has structured its magazine and also circulation while undertaking improvement improvements at the shop level.
In May 2020, JCPenney declared Chapter 11 personal bankruptcy defense, and also in September 2020, Brookfield Building Partners and Simon Property Group consented to acquire JCPenney for around $800 million in money and financial debt. The offer was authorized by the UNITED STATE Personal Bankruptcy Court for the Southern Area of Texas 2 months later.