JC Penney

Penney OpCo LLC, doing business as JCPenney (colloquially Penney's and abbreviated JCP) is an American department store chain with 646 stores across 49 U.S. states and Puerto Rico.[3][4] It is managed as part of the Catalyst Brands portfolio alongside other apparel retailers such as Brooks Brothers and Eddie Bauer.[5] Its departments include men's, women's and children's apparel, cosmetics, jewelry, and home furnishings along with leased departments managed by Shearshare, US Vision and Lifetouch. The chain focuses on lifestyle products for middle class households. 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 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 bankruptcy in May 2020. It emerged from bankruptcy under the joint ownership of mall operators Simon Property Group and Brookfield Properties,[6] later joined by Authentic Brands Group as a minority owner.[7] In January 2025, JCPenney was combined with SPARC Group — Simon and Authentic's portfolio of legacy retail brands — to form Catalyst Brands. https://en.wikipedia.org/wiki/JCPenney