Saturday, June 23, 2018
News Roundup

JCPenney stores bringing back sales

NEW YORK — JCPenney sales are coming.

The struggling department store chain this week will begin adding back some of the hundreds of sales it ditched last year in hopes of luring shoppers who were turned off when the discounts disappeared, CEO Ron Johnson said.

Penney also plans to add price tags or signs for more than half of its merchandise to show customers how much they're saving by shopping at the chain.

The moves are a reversal for Penney on the eve of the one-year anniversary when it vowed to almost completely get rid of the sales that Americans covet but that cut into a store's profits. The idea was to offer everyday low prices that customers could count on rather than the nearly 600 fleeting discounts, coupons and sales it once offered.

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