J. C. Penney Company, Inc. is a holding company whose operating subsidiary is J. C. Penney Corporation, Inc. (JCP). The Company�s business consists of selling merchandise and services to consumers through its department stores and through its Internet Website. The Company sells family apparel and footwear, accessories, fine and fashion jewelry, beauty products through Sephora inside JCPenney and home furnishings. In addition, the Company�s department stores provide its customers with services, such as styling salon, optical, portrait photography and custom decorating. As of February 1, 2014, the Company supply chain network operated 25 facilities at 14 locations, of which nine were owned, with distribution activities housed in owned locations. The Company�s network includes 11 store merchandise distribution centers, seven regional warehouses, three jcpenney.com centers and four furniture distribution centers.