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JCPenney (colloquially Penney's and abbreviated JCP) is an American department store chain with 656 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 .
Catalyst Brands LLC is a parent company formed in 2025 by the merger of SPARC Group and JCPenney. [1] [2] SPARC Group brands include Aéropostale, Brooks Brothers, Eddie Bauer, Forever 21, Lucky Brand Jeans, and Nautica. [3] [4] [5] JCPenney CEO Marc Rosen is leading Catalyst Brands. [6] [7
JCPenney filed for bankruptcy, Forever 21 was bought out of bankruptcy in 2020. Authentic Brands, which owns more than 50 consumer brands and the likeness rights or estates of celebrities such as ...
JCPenney purchased the building for $55 million in 1977 (equivalent to $216 million in 2023) to serve as its new headquarters. [5] By 1978, JCPenney had moved over 5,000 employees into the building. [6] However, in 1988 JCPenney announced its intentions to move their headquarters to Dallas, leaving the building empty and up for sale.
Why JCPenney is reinvesting a billion dollars into its business. JCPenney’s CEO on what it takes to bring an iconic American brand ‘back to relevance’ Skip to main content
JCPenney said Thursday it plans to spend more than $1 billion by the end of 2025 in a bid to revive the storied but troubled 121-year-old department store chain. The money is going toward ...
The JCPenney mother store in Kemmerer, Wyoming. In 1898, Penney began working for a small chain of stores in the Western United States, called the Golden Rule stores.In 1902, owners Guy Johnson and Thomas Callahan, impressed by his work ethic and salesmanship, offered him a one-third partnership in a new store he would open.
JCPenney might not be the retail powerhouse it once was, but the chain is hoping a new rewards program will expand its footprint once again—and it’s planning to put $500 million in incentives ...