We consent to the incorporation by reference in the registration statements on Form S-8
(Registration Nos. 33-28390, 33-66070, 33-66072,
333-33343,
333-27329,
333-45536,
333-62066,
333-125356) and on Form S-3 (Registration Nos.
333-57019 and
333-103147-01) of J. C. Penney
Company, Inc. of our reports dated
April 2, 2007, with respect to the consolidated balance sheets
of J. C. Penney Company, Inc. and
Subsidiaries as of
February 3, 2007 and
January 28, 2006, and the
related consolidated statements of operations, stockholders’ equity and cash flows for each of the
years in the three-year period ended
February 3, 2007, management’s assessment of the effectiveness
of internal control over financial reporting as of
February 3, 2007 and the effectiveness of
internal control over financial reporting as of
February 3, 2007, which reports appear in the
February 3, 2007 Annual Report on Form 10-K of J. C. Penney Company, Inc. Our report refers to the
adoption of the Financial Accounting Standards Board’s Statement of Financial Accounting Standards
No. 123 (revised 2004),
“Share-Based Payment” in fiscal year 2005 and Statement of Financial
Accounting Standards No. 158,
“Employers’ Accounting for Defined Benefit Pension and Other
Postretirement Plans” on
February 3, 2007.
