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Penney’s pinching vendors on pricing (Desperation at JCP)
NY Post ^ | 1/24/13 | JAMES COVERT

Posted on 01/24/2013 2:08:06 PM PST by jimbo123

Fake prices are coming back at JCPenney, and this time they’ll be more fake than ever.

In a fresh bid to highlight Penney’s prices as low, CEO Ron Johnson is pushing some manufacturers to concoct phony suggested retail markups for their clothing, sources told The Post.

The plan, insiders say, includes erecting signs and fixtures that will display the sometimes made-up retail prices, while tagging the clothes and accessories themselves with Penney’s own lower prices.

“They want to have a table of sweaters with a sign saying ‘regular price, $30,’ and the price tag will be $22,’” one source told The Post in a hypothetical example.

(Excerpt) Read more at nypost.com ...


TOPICS: News/Current Events
KEYWORDS: homosexualagenda

1 posted on 01/24/2013 2:08:10 PM PST by jimbo123
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To: jimbo123

Don’t most retailers play that game?


2 posted on 01/24/2013 2:10:51 PM PST by Graybeard58 (Jesus Christ the same yesterday, and to day, and for ever.)
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To: jimbo123

Heh heh. “Ron Johnson.” Heh he heh.


3 posted on 01/24/2013 2:11:58 PM PST by Steely Tom (If the Constitution can be a living document, I guess a corporation can be a person.)
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To: jimbo123

OMG that desperate

Be honest I haven’t been in JC Penney for 3 years now LOL!


4 posted on 01/24/2013 2:12:52 PM PST by SevenofNine (We are Freepers, all your media bases belong to us ,resistance is futile)
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To: SevenofNine

I haven’t been in ‘JCP’ in more than a decade. :P


5 posted on 01/24/2013 2:18:01 PM PST by Spktyr (Overwhelmingly superior firepower and the willingness to use it is the only proven peace solution.)
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To: Graybeard58

Jewelers are the worst:

ALL DIAMOND JEWELRY 80% OFF! (of the price marked up 200%)


6 posted on 01/24/2013 2:19:39 PM PST by freedumb2003 (I learned everything I needed to know about racism from Colin Powell)
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To: jimbo123

Why would anyone want to go there? Their pricing is higher than most other retailers.


7 posted on 01/24/2013 2:19:56 PM PST by kempster
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To: jimbo123

I thought catering to the queers and lesbos was going to save JCP. NOT!


8 posted on 01/24/2013 2:22:39 PM PST by MIchaelTArchangel (Have a wonderful day!)
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To: jimbo123

Well....they have to get the money to pay Ellen from somewhere. I guess their opinion is they Might as well gouge the remaining customers who aren’t smart enough to go somewhere else.


9 posted on 01/24/2013 2:27:01 PM PST by jakerobins
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To: Graybeard58
Don’t most retailers play that game?

Yes. It got really bad during the Nixon wage and price controls. Retailers and manufactures locked-in absurdly high list prices in order to provide flexibility against the cap.


10 posted on 01/24/2013 2:27:11 PM PST by Buckeye McFrog
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To: Spktyr

Bump!

Me neither.

There was a time back in the 80s when I bought most of my clothes there. They had nice, reasonably priced men’s suits and oxford cloth dress shirts.


11 posted on 01/24/2013 2:27:53 PM PST by upchuck (America's at an awkward stage. Too late to work within the system, too early to shoot the bastards.)
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To: Graybeard58
Don’t most retailers play that game?

We don't want to, but customers demand it. Far too many of them just won't buy unless they feel like they are getting a bargain (just as they feel like Obama cares about them), even if they know better intellectually. Emotion rules in retail, these days...

JC Penney made a huge mistake with flat pricing. People would rather buy a $39 item marked down to $19 than the exact same item with a flat $15 price tag.

12 posted on 01/24/2013 2:28:39 PM PST by Mr. Jeeves (CTRL-GALT-DELETE)
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To: upchuck

Yeah, it’s kind of a problem for boycotts. It’s not a boycott if you were never going to buy their stuff in the first place. :P


13 posted on 01/24/2013 2:31:06 PM PST by Spktyr (Overwhelmingly superior firepower and the willingness to use it is the only proven peace solution.)
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To: jimbo123

My first job out of college was at JC Penney’s headquarters when it was in NYC. All the major retailers at the time were struggling for a raison d’etre. Unfortunately JCP got lost and their latest struggle with new mgt. was disasterous as has well been documented here on FR. They better change and change and change quick.....James Cash Penney must be turning in his grave.


14 posted on 01/24/2013 2:31:23 PM PST by conservaDave
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To: jimbo123

Ron Johnson tenure at Penney’s has been a complete disaster! And it keeps getting worse and worse! What aren’t the shareholders demanding his firing is beyond me?


15 posted on 01/24/2013 2:34:23 PM PST by rawhide
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To: conservaDave

I am sorry.....because JCP when I was there was a top flight company. Many good people. I am sure there are many good people there. I hope they can get it “STRAIGHTend” out if you know what I mean.


16 posted on 01/24/2013 2:35:25 PM PST by conservaDave
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To: rawhide

I have long since divested my interest in this company. But I agree with you.


17 posted on 01/24/2013 2:37:39 PM PST by conservaDave
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To: Mr. Jeeves

Kohls is the champion at that “discount” game, for sure.

I see JCP on a glide path to oblivion, along with Sears and Kmart.


18 posted on 01/24/2013 2:37:43 PM PST by nascarnation (Baraq's economic policy: trickle up poverty)
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To: Graybeard58
Don’t most retailers play that game?

Ever shop at Kohls? They are the pros at this.

Have a receipt in my hand. 1/19/13. I count 3 sets of "sleepware" (pajamas) at 12.99 each. 6 bras varying from 7.65 to 14.99, 10 sets of tights at 6.99 and 7.99.

Subtotal 181.00.

After 30% discount - 133.16.

At the bottom of the receipt - "YOU SAVED $260.30"

So, I walked out of there with nearly $400 in clothes for only 133? What a bargin!

:)

19 posted on 01/24/2013 2:38:13 PM PST by T. P. Pole
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To: jimbo123

Maybe it’s me, but doesn’t he look a bit on the “light side” to you guys?


20 posted on 01/24/2013 3:16:48 PM PST by BobL
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To: jimbo123

It doesn’t matter, JCP made it clear which side of the culture war they are on. May they go bankrupt soon.


21 posted on 01/24/2013 3:22:25 PM PST by freedomfiter2 (Brutal acts of commission and yawning acts of omission both strengthen the hand of the devil.)
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To: jimbo123
...used to be one of my favorite places to shop for my clothes.

I was not pleased when I visited one of the local mall stores during the holidays. The selection was poor, displays were excessively compulsive, and products were not priced to sell. Little hot male fannies were on live display everywhere. Needless to say I was not comfortable and left the store without purchasing...went to Sears.

22 posted on 01/24/2013 3:44:46 PM PST by Banjoguy (The Mayor of San Antonio is the smoothest liar I have ever seen.)
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To: jimbo123

Oh! . . . the tangled webs.


23 posted on 01/24/2013 3:46:16 PM PST by YHAOS
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To: jimbo123

I used to work at one right out of college part-time, when they were still a decent establishment where you could bring your kids. Not anymore.


24 posted on 01/24/2013 4:01:25 PM PST by fwdude ( You cannot compromise with that which you must defeat.)
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To: jimbo123

I am sure the massive quantities of LGBT consumers, responding to JCP’s “inclusive” ads, will more than make up for us bitter clinger fundy teabaggers who have found better places to spend our money. Right, JCP marketing department?


25 posted on 01/24/2013 5:00:54 PM PST by spodefly (This is my tag line. There are many like it, but this one is mine.)
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To: T. P. Pole

Kohls

Walmart Quality clothes in a trendy setting


26 posted on 01/24/2013 5:21:49 PM PST by Chickensoup (200 million unarmed people killed in the 20th century by Leftist Totalitarian Fascists)
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To: freedumb2003
The problem is that when a retailer offers a product for a reasonable or fair price, people don't think they are getting “a deal”.

Everyone wants a “deal”.
I sell a product for $700, and put it on sale for $600 occasionally, and people still ask for a discount.
Someone else sells the product for $1100, and puts it on sale for $800.
They offer a discount of 15% off "their regular price" to almost anyone. People pay almost $300 more than they need to, and they actually think they “got a deal”.

That human tendency explains this tactic.

27 posted on 01/24/2013 5:45:41 PM PST by fanfan ("If Muslim kids were asked to go to church on Sunday and take Holy Communion there would be war.")
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