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Five Facts About JCP -- JCPenney

VIDEO: Five Facts about J.C. Penney.

JCPenney (JCP and Penney's for short), is a chain of American mid-range department stores based in Plano, Texas. JCP operates 1,107 department stores in all 50 U.S. states and Puerto Rico, and previously operated a catalog business and several discount outlets.  In addition to selling conventional merchandise, JCPenney stores often house several leased departments such as Sephora, which began operating store inside JCP in October 2006.

Other leased stores in JCP include Seattle's Best Coffee, salons, optical centers, portrait studios, and jewelry repair.

JCPenney reached its peak number of stores two years after founder James Cash Penney died in 1973. The store peaked at 2,053 stores with 300 full-line establishments. A year later JCP was hard hit by the 1974 recession with its stock price declining by two-thirds,

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