Here is the old logo:
And here is their latest logo:
The new logo still incorporates the square that the old logo had, except this time it is used to help portray an American flag. They also cut the name in the logo down from "jcpenney" to just "jcp".
I personally do not like the new logo compared to the old. I think the new logo has too much empty space. I don't even really like that it resembles an American flag. I think that they should have stuck to the old logo, although it is quite plain too, or came up with a new idea all together.
Sources:
http://www.brandchannel.com/home/post/JCPenney-Rebrands-012612.aspx
http://abcnews.go.com/blogs/business/2012/01/what-to-expect-j-c-penneys-new-pricing-strategy/
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