some examples:
80s: https://commons.wikimedia.org/wiki/File:Downtown_Seattle_Pen...
70s: https://commons.wikimedia.org/wiki/File:FW_Woolworth,_Penney...
60s: https://commons.wikimedia.org/wiki/File:Penneys,_Eastland_Ma...
50s: https://commons.wikimedia.org/wiki/File:StateLibQld_1_46896_...
40s: https://commons.wikimedia.org/wiki/File:Seattle_-_Second_Ave...
My family always used "Penny's" to refer to JC Penny. They also continued to refer to Macy's as Dayton's for years after they had changed their name because the locations were all the same, just the name had changed.
Its funny because I too always felt saying "Penny's" was a regional thing, but more of Midwestern thing.
Fun tangent: I learned pretty recently that the southern California grocery chain is named after a man with the last name "Ralphs," so it never had an apostrophe and indeed shouldn't have one (in any language).
I.e. Maccas vs McDonald's
Of course, the official website https://mcdonalds.com.au/about-maccas/maccas-story uses an apostrophe which is now making me have the same reaction as the Germans :( and makes me think it was run through some international filter :p outrageous!