JC Penny Coupon Code : Up to 70% Off Clearance Sale + 20% Off Coupon! May 24, 2013 by SMFM Leave a Comment JC Penny Coupon Code JC Penny isÂ having a clearance sale with items 30% to 70% off! There is also a 10% off or 20% off coupon available to use with this sale! Check out the coupon code below! If shopping in-store, the discount will applied at checkout. If you are shopping online, just enter in the coupon code: LAUNCH16 Clearance sale goes through 5/27.