J. C. Penney Company - M&A Summary and Business Overview

RetailCompany

J. C. Penney Company M&A Summary

J. C. Penney Company has acquired 3 companies. It has also divested 1 asset.

J. C. Penney Company’s largest acquisition to date was in 1996, when it acquired Eckerd for $2.6B. It’s largest disclosed sale occurred in 2004, when it sold Eckerd to CVS Health for $4.5B. J. C. Penney Company has acquired in 3 different US states. The Company’s most targeted sectors include retail (34%) and apparel/textiles (34%).

J. C. Penney Company Business Overview

Where is J. C. Penney Company headquartered?

J. C. Penney Company is headquartered in Plano, Texas.

What is J. C. Penney Company’s revenue?

J. C. Penney Company disclosed revenue of 11,167M USD for 2020 and 12,019M USD for 2019.

How many employees does J. C. Penney Company have?

J. C. Penney Company has 95,000 employees.

What sector is J. C. Penney Company in?

J. C. Penney Company is a retail company.

When was J. C. Penney Company founded?

J. C. Penney Company was founded in 1902.

M&A Summary

  • M&A Total Activity4
    • M&A Buy Activity3
    • M&A Sell Activity1
  • Total Sectors Invested 3
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 3

J. C. Penney Company

J. C. Penney Company, Inc.

6501 Legacy Drive,
Plano, Texas 75024
United States,
(972) 431-1000
www.jcpenney.com

J. C. Penney Company is a US-based retailer. The Company primarily sells apparel, footwear, home goods, and beauty products. J. C. Penney Company was founded in 1902 and is based in Plano, Texas.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.0/yr) # 3 - - - - - 3
vol $2.9B $2.9B
Sell (0.0/yr) # 1 - - - - - 1
vol $4.5B $4.5B
  4

Most Recent M&A

Company Date Value Type
Liz Claiborne - Family of Brands 2011-10-12 268M USD Divestiture
New York, New York
Eckerd Corp. 2004-04-06 4.5B USD Divestiture
Largo, Florida
Eckerd Corp. 1996-11-04 2.6B USD Add-on Acquisition
Largo, Florida
First National Bank of Harrington 1983-04-28 - Add-on Acquisition
, Delaware
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Retail 1 (33%) 2.6B (91%) 1 (100%) 4.5B (100%)
Apparel/Textiles 1 (33%) 268M (9%) - -
Financial Services 1 (33%) - - -
Total 3 $2.9B 1 $4.5B

By Geo

State/Country Buy Value Sell Value
United States 3 2.9B 1 4.5B
  Florida 1 2.6B 1 4.5B
  New York 1 268M - -
  Delaware 1 - - -
Total 3 $2.9B 1 $4.5B

Deal Values

buy # Total
> $1B 1 $2.6B
$100M to $1B 1 $268M
TOTAL $2.9B
Largest Eckerd Corp.
$2.6B (1996-11-04)
sell # Total
> $1B 1 $4.5B
TOTAL $4.5B
Largest Eckerd Corp.
$4.5B (2004-04-06)

M&A Connections

Deals
Acquired from
Strategic(s)
33%
1 (33%)
Divested to
Strategic(s)
100%
1 (100%)

Company Summary

SECTOR

Retail

Revenue

11,167   8% 2020
12,019   4% 2019
12,506   1% 2018
12,547   1% 2017
12,625   4% 2016
12,257   4% 2015
11,859   9% 2014
12,985   2013
(millions of USD) Show More Show Less

Employees

95,000

Established

1902

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