J. C. Penney is a holding company with one wholly owned direct subsidiary, J.C. Penney Corporation, one of America's largest department store, catalogue and e-commerce retailers. James Cash Penney opened his first Golden Rule Store in 1902, now there are 1,020 J. C. Penney department stores throughout the United States and Puerto Rico, and 58 Renner department stores in Brazil. J.C. Penney Catalogue, including e-commerce, is America’s largest catalogue merchant of general merchandise, while JCPenney.com is one of the largest clothing and home furnishings sites on the Internet.