J. C. Penney Company, Inc. Completes $900 Million Share Repurchase Program (JCP)

J. C. Penney Company, Inc. JCP today announced the completion of the $900 million open market share repurchase program that was initiated in March of this year.  This repurchase program, which was funded by the Company's existing cash reserves, resulted in the retirement of approximately 24,352,000 shares, leaving the Company with approximately 213 million shares outstanding.  Further details will be provided when the Company announces its financial results for the first quarter of fiscal 2011 on Monday, May 16th.