Archive for January 31st, 2013

JCP: deals or no deals?

January 31, 2013

Answer: deals.

Earlier this week we posted that JCP CEO Ron Johnson insisted at an investor conference that Penney’s “marketing is really starting to connect” with customers … and that in 2013, Penney will become “a happening place.”

That was 2 days ago.  Then yesterday …

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According to USA Today: CEO Ron Johnson announced a strategic evolution to its plan to offer everyday low prices that customers could count on rather than the nearly 600 fleeting discounts, coupons and sales events each year.

What sort of “strategic evolution”?

(more…)