Welcome to the 1 Choice Yahoo! Store Blog.

If you're new here, you may want to subscribe to our RSS feed. Don't like RSS? That's Ok!

Subscribe to our Blog and get email updates. You can also sign up for our monthly newsletter.

Thanks for coming by and please come back again soon!!
Wednesday, January 07, 2009

We headed over to JCPenney's tonight after dinner to pick up some clothes. EVERYTHING was on sale. I am not talking about a little bit, I mean big SALE.

Most everything in the store was 70% off.

This sale brought on quite the discussion!!

My grandfather stated that JCPenney's might be hurting themselves offering so many of their products at 70% off. Customers will begin to expect those prices all the time.

My grandmother (with her 40 years of working at Penney's experience) explained,

"Penney's brings merchandise in and they get it out. They are clearing out inventory for spring. They have always done that. If they have to drop the prices down by 70% to move it, that is what they will do. Sears does not do this, they actually hold onto the product hoping to sell it at the higher price."

I love my grandparents. They both retired after working over 40 years in retail sales. My grandmother was one of the first female managers at JCPenney's!! So they know what they are talking about and we have some really great discussions!

This entire conversation had me thinking...

I can understand with this economy making sure to move the inventory. You certainly do not want to be stuck with it, but at what cost? Are you hurting yourself down the road by creating a fire sale now?

How does this affect the smaller retailer stores and the ecommerce store owners?

Are we just creating a panic pricing mode that will last far longer than any business can survive on?

Look at how many retail chain stores are filing bankruptcy and/or going out of business today.

What will tomorrow be like?


by: Shawna Seigel



Sign Up For Our Newsletter | Subscribe to our Blog | Subscribe To Our Radio Show



Yahoo! Store Blog
FREE Yahoo! Store Editor 101 Online Class
Level 1 - Basic
Level 2 - Starter
Level 3 - Most Popular
Level 4 - Bronze Package
Level 5 - Silver Package
Level 6 - Gold Package
Top 15 Conversion Rates Enhancements
Top 10 SEO Enhancements
Top 10 Cool Enhancements
Mentor Program
Website Review & SEO
Original Web Site Content
Blog Content
Mentor Program
Tips & Info For Yahoo! Stores
Newsletter
What is SEO?
Get More Traffic!
Tips and Tricks
Save Money
Merchant Account
Articles
Tools
Resources
Yahoo! Store Help
05.05   06.05   07.05   08.05   09.05   10.05   11.05   12.05   01.06   02.06   03.06   04.06   05.06   06.06   07.06   08.06   09.06   10.06   11.06   01.07   03.07   04.07   05.07   06.07   07.07   08.07   09.07   10.07   11.07   12.07   01.08   02.08   03.08   04.08   05.08   06.08   07.08   08.08   09.08   10.08   11.08   12.08   01.09   02.09   03.09   04.09   05.09   06.09   07.09   08.09   09.09   10.09   11.09   12.09   01.10   02.10   03.10   04.10   05.10   06.10   07.10   08.10   09.10   10.10   11.10   12.10   01.11   02.11   03.11   04.11   05.11   06.11   07.11   08.11   09.11   10.11   11.11   12.11   02.12   03.12   04.12   05.12   06.12   07.12   09.12   03.13   04.13   05.13   07.13   08.13   09.13   10.13   11.13   01.14   02.14   03.14   04.14   05.14   06.14   07.14   08.14   09.14   10.14   11.14   12.14   01.15   02.15   03.15   11.15   11.16  
1 Choice 4 Your Store and its products are not associated with or endorsed by Yahoo! Inc. Yahoo!, and Yahoo! Store are registered trademarks of Yahoo! Inc. Click here for more copyright information.