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J.C. Penney gets rid of hundreds of sales

submitted 123 days ago by pravallika in "Stores / Merchants"

It is a sale year around at J.C. Penney!

J.C. Penney is permanently marking down all of its merchandise by at least 40 percent so shoppers will no longer have to wait for a sale to get the lowest prices in its stores.

Penney said Wednesday that it is getting rid of the hundreds of sales it offers each year in favor of a simpler approach to pricing. On Feb. 1, the retailer is rolling out a three-tiered strategy that offers "Every Day" low pricing daily, "Monthly Value" discounts on select merchandise each month and clearance deals called "Best Price" during the first and the third Friday of each month when many shoppers get paid.

The plan, the first major move by former Apple executive Ron Johnson since he became Penney's CEO in November, is similar to Wal-Mart's iconic everyday low pricing strategy. The difference is that Penney's goal isn't to undercut competitors, but rather to offer customers more predictable pricing.

"Pricing is actually a pretty simple and straight forward thing," Johnson told the Associated Press during an interview ahead of the announcement. "Customers will not pay literally a penny more than the true value of the product."

http://finance.yahoo.com/news/.....54852.html

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master

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Posted by bemicmom 123 days ago
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Great info!

admin

Posted by HouTex 123 days ago

[reply]

pravallika, you cannot copy anything verbatim from another site, it is plagiarism.
You can either summarize the article in your own words or show a portion of it as "quoted."

teacher

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Posted by pravallika 123 days ago
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Even from yahoo also.ok nxt I will not copy

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Posted by pravallika 123 days ago
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ok
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apprentice

Posted by kdkdkdkd 123 days ago
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Thanks for the info, Pravallika.

master

Posted by roxytang 123 days ago

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I just saw a TV commercial about this. It showed 3 women in different "just missed the sale" scenarios. Very funny.

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Posted by DebsFreebies 123 days ago
[reply] 1 0

Man̄ci pōsṭ, samācāraṁ dhan'yavādālu

Good post, thanks for the info

admin

Posted by HouTex 117 days ago

[reply]

Here are details of the new policy, starting today (February 1, 2012) -
http://ebm.jcpenneyem.com/c/ta.....In/doc.htm

Three kinds of pricing:
Red - Everyday prices
White - Month-long values
Blue - Best prices on the 1st and 3rd Fridays of every month

One amazing return policy:
Any item, anytime, anywhere

apprentice

Posted by kdkdkdkd 116 days ago

[reply]

Ah, they're bringing back THAT return policy, lol.

I remember that return policy when I worked at JCPenney as a teen. People returned stuff they didn't even buy from JCPenney, haha.

So, if you have some unwanted gifts, you know where to go.

professor

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Posted by mommy25 114 days ago

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In my opinion, this will be bad for business. People shop in the stores when they get the $10 off $25, or $10 off $10. I don't think i will shop there as often. I went in the other day, their prices are not that good, without a coupon, i left with nothing.

master

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Posted by bemicmom 114 days ago

[reply]

You are right..me too wait for jcpenney's coupon to shop there.
I love that store But shopping without coupon will be little expensive as we can get almost same price or less + extra coupon savings in kohls.

admin

Posted by HouTex 113 days ago

[reply]

I stopped by the JCPenney store for some bath mats that I had previously seen marked $8 each.
Last month I was hoping for one last coupon for $10 off $25 to buy some. The mats had a new red sticker applied over the original price, and employees throughout the store were busy applying red sticker prices to everything.
But back to the bath mats - the ones I wanted were not cheaper, half of them were still $8 and the rest were $9.

master

Posted by roxytang 113 days ago

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I agree with you mommy25. Anyone want to place bets as to how long before JCP goes back to the coupons?

admin

Posted by YanBz 113 days ago
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They will do it at the next shareholders meeting

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Posted by mommy25 113 days ago [reply] 0 0

I do hope they go back to coupons.
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learner

Posted by volleygal 111 days ago
[reply] 1 0

I like the coupons! I will miss them.

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Posted by pablos17 111 days ago

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I really hate that they took away the coupons. I would wait for such offers to shop there. I'm really happy that I no longer work there too -the stupid sticker replacement thing was a big hot mess.

master

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Posted by bemicmom 111 days ago

[reply]

I haven't went to jcpenney for long ..I think 2 months now. Did they stop that survey coupon also?

professor

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Posted by onkarkulkarni 111 days ago
[reply] 2 0

Yes, they did. No longer stacking of coupons now!

admin

Posted by HouTex 111 days ago

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There's one last JCPenney coupon for $10 Off $50 in-store, valid through February 10, 2012. http://www.buxr.com/deal/jcpen.....ase_102468

professor

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Posted by sandyshore 12 days ago

[reply]

Apparently this tactic is not working too well. JC Penney sales plummet http://finance.yahoo.com/news/.....14971.html

I will say I miss my $10 off coupons and the $10 off $25, they did make me look more often at their merchandise. Can't say if that translated to buying more but I contemplated it more often than now.

admin

Posted by HouTex 12 days ago

[reply]

The most interesting thing is that a lot of JCP's prices really are cheaper, but shoppers' perception is that they are not. The sales and coupons are what brought them to the store or the site. Recently I happened to compare with Kohl's, and discovered how high some of Kohl's prices really are. After working very hard to combine a sale and a coupon for a limited time and a limited number of items at Kohl's, when I compared prices afterward I found the same items cheaper at the regular price at JCP. So I could have paid the same without the trouble of dealing with time restrictions, coupons, or sales, and paid the same.

I was wondering if anyone else has had the same experience.

admin

Posted by YanBz 9 days ago

[reply]

This is how our heads work and you can't change that overnight

I heard on NPR that the main reason college prices are high (and getting higher) is so that we perceive them as money well spent after we get a much lower price after a merit/hardship discount

guest

Posted by Robert 12 days ago

[reply]

You can now buy JC Penny gift cards online for a 25% discount. thats what I use instead of coupons now. I bought $48 gift card for $36 and bought shirts last week.

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