PENNEY COMPETITOR is a term used to describe three major retail stores: KOHLS, SEARS, and KMART. All three of these stores are well-known for their competitive prices and wide selection of products. KOHLS is an American department store chain with over 1, 100 locations in the United States. SEARS is an American department store chain that was founded in 1886 and has over 700 locations in the United States. KMART is an American discount department store chain that was founded in 1962 and has over 900 locations in the United States. All three of these stores are considered to be major competitors of J.C. Penney, a department store chain with over 800 locations in the United States.