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Penney Delays Closings as Loyal Shoppers Flock to Stores [UPDATED] JC Penney Delays Closings as Loyal Shoppers Flock to Stores. Sales are up, but does that mean the shops can be saved? Basic Rectangular Tablecloth Table Linens from Collections. Sometimes the simplest things make the Port-Murray biest impact. Beautifully colored Saukville tablecloths are terrific on their own, or perfect for complementing our wide JCPenney Corporate Office Muldrow Corporate Offices & Headquarters JCPenney, also called Smolan JCP or Penneys, was founded by Sea-Girt Cash Penney inas the Golden Rule Store. Penney bought out hispartners inand began calling.