Skip to comments.CALL7 Investigators find jcpenney raises prices to create illusion of markdowns throughout store
Posted on 09/26/2013 3:52:21 PM PDT by catnipman
DENVER - A CALL7 hidden-camera investigation finds the discounts at one major national retailer may not be as significant as shoppers would think, after finding prices on tags were marked up so the item can then be placed on "sale."
(Excerpt) Read more at thedenverchannel.com ...
The video is priceless and is a must see for any current or former JC Penny shopper.
What they are doing is blatant fraud, and it's too bad the Colorado Attorney General will ignore this instead of making an example of JC Penny.
Has anybody checked Kohl’s?
I thought every store did this.
I worked at a major NYC department store while in college in the late 1970s.
We did the same thing. All the time.
Day before the sale, we’d replace the price signs with higher prices for the items going on sale.
That night, we’d put up the “sale” signs with prices often higher than they had been two days prior.
But since we had had the higher prices displayed for that one day, the “sale” signs that said the reductions were from those higher prices were technically accurate.
What a great place to work!
And the understatement of the week goes to...
They have been at this for longer than I can remember.
Ha. I just realized the store I worked at was one of two anchor stores in that smallish mall and the other one was Penny’s.
JC Penney is still around?
That’s why you don’t go to any department store during the week. Everybody knows that.
Stop the presses.
Oh yeah, we’re also $17 trillion in debt, with $100 trillion in unfunded liabilities.
J.C. Penny is a bad guy? Gee, he sure has a lot of RETAIL company. I thought that was the gist of the free market system. Go figure.
Since when does a customer trust a store to tell them an item is a good value? This is the land of the free. You can shop wherever you want. If you’re smart, you’ll compare the prices at several stores before buying something. We don’t need the government to babysit us.
I remember catching stores doing this way back in the 50s and 60s. I was just a kid but had noticed. I don’t think every store did it tho.
Not sure what the issue with this is. You have the right to be a knowledgeable consumer, just as J.C. Penny has the right to mark its prices however it wants. The Attorney General of Colorado has no legal basis. I understand the anger due to Penny being a multinational corporation of questionable moral business practice, but if this were a “Mom ‘n Pop” I doubt there would be as much outrage. Both have the same rights to market their products as they please. The people, however, also have the right to not buy from J.C. Penny. In light of recent events, I encourage the aforementioned.
In other breaking news The Pope announced he is, in fact, catholic and a bear was spotted crapping in the woods.
As a guy who has a friend who was in retail, I can inform you that this is common practice in the retail trade.
bait and switch is just free market to you?
My parents got caught by Wilson Meats bait and switch back around 1960. They advertised a side of beef at a really good price then when they got in to select their side, it was really crummy looking and they decided to get the choice grade.
They actually ended up getting a prime half as it was the same price as the choice, mainly because there was a lot more waste on the prime. I will say it was the best beef I have ever had.