: J.C. Penney emerged from bankruptcy under the ownership of Simon Property Group and Brookfield Properties . Today, it operates roughly 660 stores and has launched a multi-year reinvestment plan to modernize its technology and store experience.
: Launched the first national J.C. Penney catalog in 1963 , which became an iconic part of many households. jc penny
: Shifted away from its traditional cash-only model in 1958 . jc penny
: Under his continued influence (he served as honorary chairman until his death at age 95 in 1971), the brand introduced several mainstays of American shopping: jc penny
: By 1913, the chain had grown to 34 stores and was officially incorporated as the J.C. Penney Company .