J.C. Penney - Statistics & Facts

J.C. Penney is a department store which carries a wide range of products. It has its roots in the early 20th century in a small Wyoming town and is now a fixture in American malls and shopping centers. In 2020, J.C. Penney was the fifth leading apparel retailer in the United States. Some of its main competitors include TJX, Nordstrom, and Macy’s.

Chapter 11 and subsequent sale to Simon Property Group

The impact of the coronavirus (COVID-19) pandemic on the retail industry had many companies go bust, leading to store closures and job losses. J.C. Penney was one of the retailers that had to apply for Chapter 11, commonly known as a "reorganization bankruptcy" where a business could still have control over its assets and debts. During the process, the retailer was reported to have closed more than 150 of its store locations. This also translated to a high number of job losses associated with J.C. Penney. The company's financial turmoils came to an end in September 2020, when it announced a sales deal with Simon Property Group. The real estate company that boasts a large portfolio of shopping malls and other retail locations now owns J.C. Penney department stores.

Financial problems prior to the pandemic

Even before the pandemic hit the retail sector, J.C. Penney had seen a decrease in sales, from about 12.6 billion U.S. dollars in 2015 to 10.7 billion dollars in 2019. J.C. Penney generated the majority of its earnings from apparel sales; especially women’s apparel. In an effort to revitalize their sales and attract more customers in 2007, J.C. Penney began partnering with the cosmetic retailer Sephora by opening mini-Sephora stores within select locations. Despite this strategy, J.C. Penney consistently suffered net losses in recent years. J.C. Penney's store numbers had gone down consistently since 2012 as well.

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Retail sales of J.C. Penney Company: 6.97bn USD

Leading department store worldwide: Macy's

Leading apparel retailer in the U.S.: TJX

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Current statistics on this topic

Leading 100 retailers in the United States in 2023, based on U.S. retail sales (in billion U.S. dollars)

Retail & Trade

United States: top 100 retailers 2023, by U.S. retail sales

Department Stores

United States: leading department stores 2023, by sales

Sales of selected apparel retailers in the United States in 2023 (in billion U.S. dollars)

Fashion & Accessories

United States: leading apparel retailers 2023, by retail sales

Market overview

Premium Statistic Total and e-commerce U.S. retail trade sales 2000-2023
Total and e-commerce U.S. retail trade sales 2000-2023
Total and e-commerce value of U.S. retail trade sales from 2000 to 2023 (in billion U.S. dollars)
Premium Statistic United States: top 100 retailers 2023, by U.S. retail sales
United States: top 100 retailers 2023, by U.S. retail sales
Leading 100 retailers in the United States in 2023, based on U.S. retail sales (in billion U.S. dollars)
Premium Statistic United States: department store sales 1992-2023
United States: department store sales 1992-2023
Department store sales in the United States from 1992 to 2023 (in billion U.S. dollars)
Premium Statistic United States: leading department stores 2023, by sales
United States: leading department stores 2023, by sales
Domestic sales of selected department stores in the United States in 2023 (in billion U.S. dollars)
Premium Statistic United States: leading department stores 2024, by number of stores
United States: leading department stores 2024, by number of stores
Leading department stores in the United States in 2024, by total number of stores

Key figures

Basic Statistic JC Penney: net sales in the U.S. 2012-2019
JC Penney: net sales in the U.S. 2012-2019
Net sales of J.C. Penney in the United States from 2012 to 2019 (in million U.S. dollars)
Basic Statistic JC Penney: operating income in the U.S. 2013-2019
JC Penney: operating income in the U.S. 2013-2019
Operating income of J.C. Penney in the United States from 2013 to 2019 (in million U.S. dollars)
Basic Statistic JC Penney: net income in the United States 2013-2019
JC Penney: net income in the United States 2013-2019
Net income of J.C. Penney in the United States from 2013 to 2019 (in million U.S. dollars)
Basic Statistic JC Penney: sales share in the U.S. 2019, by product category
JC Penney: sales share in the U.S. 2019, by product category
Sales share of J.C. Penney in the United States in 2019, by product category
Basic Statistic JC Penney: number of stores in the U.S. 2012-2019
JC Penney: number of stores in the U.S. 2012-2019
Number of J.C. Penney department stores in the United States from 2012 to 2019
Premium Statistic JC Penney: number stores in the U.S. 2020, by state
JC Penney: number stores in the U.S. 2020, by state
Number of department stores of J.C. Penney in the United States as of 2020, by state

Competitors

Basic Statistic TJX Companies: global net sales 2013-2024
TJX Companies: global net sales 2013-2024
TJX Companies net sales worldwide from 2013 to 2024 (in million U.S. dollars)
Basic Statistic TJX Companies: revenue share worldwide 2024, by product category
TJX Companies: revenue share worldwide 2024, by product category
Distribution of TJX Companies revenue worldwide in 2024, by product category
Premium Statistic Kohl's: net sales 2010-2023
Kohl's: net sales 2010-2023
Net sales of Kohl's Corporation from 2010 to 2023 (in million U.S. dollars)
Premium Statistic Kohl's: merchandise mix 2023
Kohl's: merchandise mix 2023
Merchandise mix of Kohl's Corporation in 2023
Basic Statistic Dillard's: global net sales 2012-2023
Dillard's: global net sales 2012-2023
Net sales of Dillard's worldwide from 2012 to 2023 (in million U.S. dollars)
Basic Statistic Global net sales share of Dillard's in 2023, by segment
Global net sales share of Dillard's in 2023, by segment
Net sales share of Dillard's worldwide in 2023, by retail segment

Retail sales of J.C. Penney Company: 6.97bn USD

Leading department store worldwide: Macy's

Leading apparel retailer in the U.S.: TJX

Key figures

The most important key figures provide you with a compact summary of the topic of "J.C. Penney" and take you straight to the corresponding statistics.

Sales share of women's apparel
21%
Detailed statistics
JC Penney: sales share in the U.S. 2019, by product category
Sales per gross square foot
114 USD
Detailed statistics
JC Penney: sales per square foot in the U.S. 2012-2019
Net income
-268m USD
Detailed statistics
JC Penney: net income in the United States 2013-2019
Sales per store
10.61m USD
Detailed statistics
Leading mass apparel retailers' sales per store in the U.S. 2023

Number of stores in the U.S.
846
Detailed statistics
JC Penney: number of stores in the U.S. 2012-2019
Housewares sales
244 m USD
Detailed statistics
United States: channel leaders of department store homeware retail 2018
Number of J.C. Penney store closures in the 1st half of 2020
157
Detailed statistics
Number of store closures announced by bankrupt retailers in H1 2020 U.S.
Advertising costs
624 m USD
Detailed statistics
JC Penney: advertising spending 2013-2019