Company of JC Penney is a renowned American chain of departmental store. It is a company based in the region of Plano in Texas. Almost 1,107 stores operate in all the major states in the US, under a chain of this company. Presently, this company chain has its departmental stores located in almost all the shopping malls in the suburban region of the United States. Penneys, as it is commonly known, used to operate several outlets providing discounts and even a business of catalog at the initial stages. Before the advent of the shopping mall concept, the stores of Penneys were mostly situated in downtown areas of the US.