from DailyFinance.com by Barbara Thau
Filed under: JC Penney, Apple, Target Corp, Retail
When Ron Johnson, the new CEO of J.C. Penney (JCP) outlined his plan to revamp the department store this week at an analyst meeting, one announcement in particular drew gasps. Penney’s is saying goodbye to coupons, percent-off sales, daily sales, clearance sales — all the countless promotional ploys that department stores have relied on for decades to lure in shoppers.
Instead, said the mastermind behind Apple’s (AAPL) fabulously successful retail stores, come Feb. 1, the cacophony of…
http://www.dailyfinance.com/2012/01/26/how-j-c-penney-could-transform-the-way-america-shops/ ">How J.C. Penney Could Transform the Way America Shops
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