questionsdid you hear that jc penney is cutting all its…

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Your link brings me to the Yahoo Car Price and Reviews section? (edit: I do shop there for work clothes occasionally, but this probably won't make me shop there more or less)

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I just read that. I don't know if I'll shop there more or not, but I appreciate the change in approach. I get tired of places like Kohl's that have a huge sale every week. It's really not a sale if you have it every week, it's just your regular pricing. Stop trying to hype it with the term "sale."

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I'll go and have a look around, at least. I never understood the point of .99 instead of $1. I know it's a subconscious thing that's supposed to make you think it's less than it actually is, but does it actually work on anyone? Even as a kid I'd ask why they did that, and to this day when I see something for $19.99, I round it up to $20 without thinking about it.

I can't be alone in this.

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@meh3884: That is flipping weird. It just did the same thing to me when I clicked on the link.

Here's another link with the exact same story:
http://hosted.ap.org/dynamic/stories/U/US_PENNEY_PRICE_OVERHAUL?SITE=JRC&SECTION=HOME&TEMPLATE=DEFAULT

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yea. the links did the same for me. @wingnutzero for a good link.

i will probably go into one to investigate, but only once or twice. this lady tends to not shop at any mall shop except for sear's craftsman store.

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I mostly found the sale prices about the same as everyday prices there, except for clearance items. Do like the store and will continue to shop there.

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The JCPenny here closed a year ago. :/

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I had not heard, but I think it is smart on their part. I get clothes for my sons there and their non-sale prices are outrageous. Whenever they need something I have to check to see if they are having a sale, because it is pure nonsense to shop when you know yet another sale will start within a week.

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This is awesome. I love JCP for some wardrobe staples and them having stable pricing will bump them over Kohl's on my list.

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@rprebel: You're not alone but it does work. Whether you round up or not, 19 is already planted in your head when you've rounded it up to 20.

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Probably trying to compete on the 'Kohls' level.

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@rprebel: I used to work retail and I can tell you that it DOES work. We would list items for sale at $20.99 and say 11.99. Most people average the total up in there head at $32, but the total is actually 32.98. I know it's just a dollar, but when you make 200 sells in a day, it adds up

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I've had the unfortunate experience of watching their commercials today. Screaming women. Had to turn the channel, mute it or run out of the room. I'll check out their pricing once I recover from the commercials..

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@capguncowboy: My brain can't wrap itself around the concept of thinking 21+12=32. I hear what you're saying, and I'm with you 100%, but it still makes no sense.

@first2summit: Perhaps for some, perhaps for many, but not for me.

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@capguncowboy: Holy crap, you just blew my mind. What I am not sure, however, is whether the $3.99 and 9/10ths thing for gas has ever fooled anyone.

As for the OP, nothing beyond a gift card can convince me to shop at JC Penney again. Just horrible experience after horrible experience. I wrote about a terrible time I had returning some items on a question somewhere on deals.woot. Suffice it to say that involved a lot of waiting and a lot of stupid policies on their part.

Department stores like Macy's and JC Penney are losing out, so drastic measures like this are probably a last-ditch effort to stay solvent.

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I like JC Penney's Towncraft (house brand) underwear. Their briefs are the only ones that fit me comfortably.

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@curtisuxor: I was also thinking about gas station prices. How can anyone charge 9/10 of a cent for something? Are there any other types of businesses that add fractions of cents to their prices? The only thing I can think of are securities, like stocks and bonds but those aren't retail items. I suppose gasoline is technically considered a "commodity" rather than a retail item though, so maybe that comes into play. I expect that if I looked at my utility bills I might find the same kind of pricing.

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@geognerd: I don't remember the last time I wore briefs but when I switched to boxers, I found that some of them bunch up if they're too big or flimsy and I'm not a big fan of my junk flopping around (I'd just go commando if I was). Then, I discovered boxer-briefs. Ahhh, that's the ticket!

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@thumperchick: I have found that the (men's) clothes I buy at Kohl's are very cheaply made. The styles are nice and the prices are decent but after too many frayed seams, lost buttons, defective zippers, etc. (all within a short time of purchasing the items), I've sworn off buying clothes at Kohl's.

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EDLP works when it first starts, but fades after a while when consumers get used to the pricing and expect a sale on top of that.

Modern consumers are looking for the POP - the wow factor to make them want to buy especially on major purchases. Look at Amazon's lightening deals, Newegg's shell shocker or daily deals sites like woot and others. They are all very successful merchants despite the economic times.

The retail sales market is drastically changing since so many customers are carrying around smart phones that will tell them better pricing with the click of a button.

Penny's better be very competitive with online sellers otherwise this idea will be a bust and might end up busting the company.

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I shop at JC Penny when they have their $10 off $25 sales. I bought a few items and rang them up 3 times to get the discounts 3x. lol.
I like to shop there when things are on sale. it needs to be 40% off to be at "regular normal price" compared to the average store.
I like that they will keep everything at 40% off and then I hope they do their sales and stuff on top of that still.
I guess no more up to 80% off sales it will be more like: up to 66% off.
OH YES I DID do the math of what what 80% matches up to an item that is already priced 40% off :)

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this might bring me back to Penney's. I practically grew up in their clothes, but their's prices went bonkers in the late 90's

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All I know is I hope that commercial with all the screaming goes away FAST, because it's making me very irritated. I can't hit the mute button fast enough (if I'm watching live TV).

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I've always thought it would be a brilliant idea to start some business that rounds everything up to the nearest dollar to be the new coolest thing. I guess I'd make $.01 more for every sale... with thousands of sales a day it might ad up to some pocket change or something.

As to the reducing prices by 40%, I think more stores should follow their lead (i.e. Kohls). I never shop at stores that hike up the prices just to make you think you're getting a better deal when they have a 50% off sale.