J. C. Penney Company, Inc.

Type: Public
On the web: http://www.jcpenney.com
Employees: 147,000
Employee growth: (5.2%)

J. C. Penney Company was created in 2002 as a holding company for department store operator J. C. Penney Corporation, its wholly owned subsidiary, which exchanged the "Company" in its 89-year-old moniker for "Corporation" after the holding company was formed. J. C. Penney Corporation is one of the largest department store, catalog, and e-commerce retailers in the US. In 2004 J. C. Penney Company sold its Eckerd drugstores chain to The Jean Coutu Group and CVS for $4.5 billion in cash. In 2005 the firm sold its controlling stake in the 62-unit Lojas Renner chain in Brazil through a public stock offering. The retailer runs more than 1,090 JCPenney department stores throughout the US and Puerto Rico.

Key numbers for fiscal year ending January, 2009:
Sales: $18,486.0M
One year growth: (6.9%)
Net income: $572.0M
Income growth: (48.5%)

Officers:
Chairman and CEO: Myron E. (Mike) Ullman III
EVP and CFO: Robert B. Cavanaugh
EVP and CIO: Thomas M. Nealon

Competitors:
Kohl's
Macy's
Sears