JC Penney

JC Penney is an established American department store chain with a history dating back to 1902, when James Cash Penney opened the first store in Kemmerer, Wyoming. Over the decades, the company grew from a single location to a national retailer recognized for its broad selection of apparel, home goods, and family essentials.

As of May 2025, JC Penney operates approximately 650 stores across the United States, maintaining a presence in nearly every state. The company’s stores are typically found in suburban and regional shopping centers, with a particular focus on markets experiencing strong population growth and retail demand. In recent years, JC Penney has concentrated its growth efforts in the Sunbelt, Midwest, Southeast, Texas, and California, reflecting a strategic approach to market expansion.

A pivotal moment in the company’s evolution occurred in January 2025, when JC Penney merged with SPARC to form Catalyst Brands. This new entity brings together several well-known retail names, including Brooks Brothers, Aéropostale, Lucky Brand, Nautica, and Eddie Bauer. The merger has provided JC Penney with renewed resources and direction, supported by the ownership of Simon Property Group and Brookfield Asset Management. These backers bring significant expertise and credibility in commercial real estate, positioning JC Penney for continued growth and modernization.

In the past five years, JC Penney has shifted from a period of restructuring and consolidation to a renewed phase of expansion. The company is investing in store upgrades and exploring ways to enhance its retail experience, aiming to meet the needs of today’s shoppers while remaining a reliable anchor in shopping centers. JC Penney’s adaptability and commitment to reinvestment underscore its ongoing relevance in the evolving retail landscape.