HUFFINGTON POST Column: J.C. Penney is going to war against a former employee who outed the department store for its questionable discounting practices.
The department store was drastically hiking prices on items, cutting them back and then advertising huge “discounts,” the former employee, Bob Blatchford, told the Today show last July. In one case, a “rack of $7 shorts became $14, and then they were 50 percent off,” a separate J.C. Penney worker told the Today show.
“I saw a lot of pricing teams going through the store, raising the prices, mostly doubling — towels and clothing,” Blatchford told NBC’s Jeff Rossen. “Then they would go on sale, and they wouldn’t always go on sale for 50 percent off. Not only was it a fake sale, but they were actually paying more than they would have been previously… (more)
EDITOR: We suspect this is an industry wide practice including upscale stores. Caveat emptor!
