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(Slate)   Will a sale help Penney's?   (slate.com) divider line 12
    More: Interesting, J.C. Penney, Sephora, TPM Media, KitchenAid, Star City, discounts  
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1791 clicks; posted to Business » on 07 Jul 2013 at 2:44 PM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



Voting Results (Smartest)
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2013-07-07 05:47:12 PM  
2 votes:
A company tried to make their pricing model more transparent and less capricious. We met them with ridicule and reduced patronage. I'm not sure JC Penney is the party that should be feeling dumb here, at least not until they backed down.
2013-07-07 05:26:42 PM  
2 votes:

wiseolddude: Albertsons grocery stores in my area are now starting not having sales, but everyday low prices. Some prices are okay, but other store sale prices are lower than theirs. They must not have got that memo from JC Penny.


Groceries are a whole separate beast because your products (mostly) all come from separate distributors on separate schedules, each with their own expiration date, so frequently sales really are at a loss just to manage inventory
2013-07-07 07:43:01 PM  
1 votes:

profplump: A company tried to make their pricing model more transparent and less capricious. We met them with ridicule and reduced patronage. I'm not sure JC Penney is the party that should be feeling dumb here, at least not until they backed down.


A lot of customers buy things because they're on sale. I'm not saying it's right or smart but that's apparently how it is.
2013-07-07 07:24:00 PM  
1 votes:

profplump: A company tried to make their pricing model more transparent and less capricious. We met them with ridicule and reduced patronage. I'm not sure JC Penney is the party that should be feeling dumb here, at least not until they backed down.


pretty much this. the last time I bought Levis jeans, JC Penny's regular price was lower than the sale prices at both Macy's and the Levis store. New Balance sneakers were less expensive at JC Penny than DSW.
2013-07-07 06:17:14 PM  
1 votes:

profplump: A company tried to make their pricing model more transparent and less capricious. We met them with ridicule and reduced patronage. I'm not sure JC Penney is the party that should be feeling dumb here, at least not until they backed down.




People love to save money, even if it costs them a little bit extra.
2013-07-07 05:28:14 PM  
1 votes:
Went in to JCP get some khaki pants for work this week and was quite happy with what I found.
BOGO on Dockers.
Clearance on tons of cool stuff like Nike and Adidas shorts, sweats, and hoodies. Plenty were marked down from $55 to $1.49.
Saved an additional 20% by using my JCP card.
Obviously it was all about making space for new merch, but it was enough to make me want to check back next month to see what else they need to clear out to make room for new stuff.

/ Spent an additional $45 on shoes that weren't on sale while I was loading up on sale stuff.

//$330 worth of kick ass hoodies for $9, I'll splurge a little on shoes.

/// Yeah, I know it only cost Nike $1.10 to make them
2013-07-07 05:24:04 PM  
1 votes:
Technically, done in zero. Everyone got the joke in the headline. No need to reinforce.

/That Guy
2013-07-07 04:54:05 PM  
1 votes:

JohnAnnArbor: That one-year CEO-ship will be written about for decades as a complete failure.


And he'll still get an eight-figure golden parachute.
2013-07-07 03:36:51 PM  
1 votes:
How to kill a brand.
Did venture capitalists buy the place or what?
2013-07-07 03:33:26 PM  
1 votes:
I have been in once since they reverted to the normal sale model.

Farking hated it. Stuff was steeply marked up from what it had been previously, and then the 'half off' sale price was still higher than what the original 'square deal' pricing had been.

Not going back anytime soon after seeing that first hand.
2013-07-07 02:51:20 PM  
1 votes:
I got a $50 gift card for Penney's about a year ago. Looked all through the store and their website, could not find a SINGLE thing I wanted anywhere near that price.
Store is famous for overpriced, useless junk.
2013-07-07 02:11:59 PM  
1 votes:
media.cinemasquid.com
 
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