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Jcpenney Company ProblemsEssay Preview: Jcpenney Company ProblemsReport this essayJ. C. Penney is a chain of American mid-range department stores based in Plano, Texas. The company operates 1,060 department stores in 49 U.S. states and Puerto Rico, and previously operated a catalog business and several discount outlets. However, J. C. Penney were listed as one of the nine retailers.