JC Penney Co Inc was incorporated in the State of the State of Delaware on January 22, 2002. The Company sells merchandise and services to consumers through department stores and website at jcpenney.com. Its products include family apparel and footwear, accessories, fine and fashion jewelry, beauty products and home furnishings. In addition, its department stores provide customers with services such as styling salon, optical, portrait photography and custom decorating. It operates approximately 1,062 department stores in 49 states and Puerto Rico. The Company has a diversified supplier base, both domestic and foreign, and are not dependent to any significant degree on any single supplier. It purchases merchandise from approximately 2,400 domestic and foreign suppliers. The Company's department stores and website generally serve the same type of customers and provide virtually the same mix of merchandise, and its department stores accept returns from sales made in stores and via the website. Its competitors include other department stores, discounters, home furnishing stores, specialty retailers, wholesale clubs, direct-to-consumer businesses, including those on the Internet, and other forms of retail commerce. The Company's trademarks include JCPenney, JCP, 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, monet, JCPenney Home, Studio JCP Home, Home Collection by JCPenney, Made for Life, Stylus, Sleep Chic, Home Expressions and Cooks JCPenney Home. The Company's business is subject to a wide array of laws and regulations.