Johnson, as you might remember, joined ailing midmarket retailer JCPenney and wanted to try something novel: he got rid of sales. Along the way, he spoke out against the practice of perpetual sales, and over at Buzzfeed, retail reporter Sapna Maheshwari wonders whether the publicity blitz where JCPenney got rid of sales planted the idea in shoppers’ heads that retailers really are hiking up prices to discount them, and that outlet purse was never really worth $300.
Shoppers’ love of wildly fluctuating deals over consistent low prices won, Johnson is out of the department store business, and sales are back at JCPenney. Yet relentless deals meant to coax shoppers into stores during and ater the recession gave us deal fatigue,
Why 40% Off Doesn’t Mean What You Think It Does [Buzzfeed]
by Laura Northrup via Consumerist
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