J.C. Penney Co Inc was incorporated in Delaware in 2002. The Company is a holding company whose operating subsidiary J. C. Penney Corporation, Inc., was incorporated in Delaware in 1924. The Company sells merchandise and services to ...consumers through its department stores and through Internet website at jcp.com. Department stores and Internet generally serve the same type of customers and provide virtually the same mix of merchandise, and department stores accept returns from sales made in stores and via the Internet. It sells family apparel and footwear, accessories, fine and fashion jewelry, beauty products through Sephora inside jcpenney and home furnishings. In addition, the Company's department stores provide its customers with services such as styling salon, optical, portrait photography and c...ustom decorating. The Company is operating 1,094 department stores in 49 states and Puerto Rico as of February 1, 2014. The Company's trademarks include of The JCPenney®, JCP®, monet®, Liz Claiborne®, Claiborne®, Okie Dokie®, Worthington®, a.n.a®, St. John’s Bay®, The Original Arizona Jean Company®, Ambrielle®, Decree®, Stafford®, J. Ferrar®, Xersion™, Total Girl™ and JCPenney Home Collection® and Studio by JCPenney Home Collection®. The Company's competitors include other department stores, discounters, home furnishing stores, specialty retailers, wholesale clubs, direct-to-consumer businesses, including the Internet, and other forms of retail ecommerce. The Company's business is subject to a wide array of laws and regulations.