J. C. Penney Company, Inc. is a holding company that has one wholly owned direct subsidiary, J.C. Penney Corporation Inc. The Company is a major retailer, operating 1,049 J.C. Penney department stores in 49 states, Puerto Rico and Mexico. In addition, it operates 54 Renner department stores in Brazil. A major portion of J.C. Penney Company\'s business consists of providing merchandise and services to consumers through department stores, catalog departments and the Internet. The Company markets family apparel, jewelry, shoes, accessories and home furnishings. In addition, it operates a chain of 2,686 drugstores, primarily through the Eckerd name, located throughout the southwest, southeast, Sunbelt, and northeast regions of the United States.