JC Penney Co Inc was incorporated in the State of the State of Delaware on January 22, 2002. Its business consists of selling merchandise and services to consumers through department stores and website at jcpenney.com, which utilizes fully optimized applications for desktop, mobile and tablet devices. Its department stores and website generally serve the same type of customers, its website offers virtually the same mix of merchandise as in store assortment along with other extended categories that are not offered in store, and the department stores generally accept returns from sales made in stores and via website. It fulfills online customer purchases by direct shipment to the customer from distribution facilities and stores or from suppliers' warehouses and by in store customer pick up. It sells family apparel and footwear, accessories, fine and fashion jewelry, beauty products through Sephora inside JCPenney 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 1,021 department stores throughout the continental United States, Alaska and Puerto Rico, of which 418 were owned, including 118 stores located on ground leases. 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.