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NY Post: J.C. Penney’s Johnson pushes vendors to inflate pricing

BY Katherine Boccaccio

New York — In a Thursday report by the New York Post citing unnamed sources, the publication said that J.C. Penney CEO Ron Johnson is pushing some of its vendors to inflate their pricing so that the department store’s retail pricing appears lower than it actually is.

Sources told The Post that the plan includes putting up signs and fixturing to display fabricated retail pricing, while the merchandise is then tagged with J.C. Penney’s own lower prices.

“They want to have a table of sweaters with a sign saying ‘regular price, $30,’ and the price tag will be $22,’” a source told The Post in a hypothetical example.

The sources also said that Johnson is not asking manufacturers to suggest retail markups that are artificially high, but several of the suppliers said that they’ve never made a practice of suggesting retail prices for their wholesale goods to begin with, instead leaving that job to the retailers.

J.C. Penney has not commented on the story, but sources say that the retailer is demanding that manufacturers confirm the suggested retail prices in writing.

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Report: Wal-Mart studying India investment conditions

BY Katherine Boccaccio

New Delhi — According to a Thursday report by Reuters, Wal-Mart Stores Inc. is examining the conditions around India’s decision to allow supermarkets to open stores in the country.

Citing an Indian government statement, Reuters said that India’s strict conditions attached to foreign supermarket entry into the region have prompted Wal-Mart to take a longer look. Wal-Mart International CEO Doug McMillon said the retailer remains excited about India but wants to study the conditions, including those around sourcing, before making a formal investment announcement, according to the report.

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Alex and Ani’s holiday sales see significant boost with help of mobile checkouts

BY Marianne Wilson

Boston — Popular jewelry retailer Alex and Ani implemented a mobile point-of-sale application that all but eliminated customer lines and helped increase sales by 318% over the previous holiday season, Mobiquity announced.

Mobiquity implemented a mobile POS application that allows Alex and Ani to cultivate a stronger relationship with customers, translating into increased sales and loyalty. The application – delivered via Daily Systems’ iAPS sled for iPod touch – offers mobile payment (mPayment) options that markedly improved the checkout process, benefiting both customers and Alex and Ani by shortening long holiday lines.

“Mobile checkouts have given the store environment a more intimate feel, and improved the flow of customer traffic while almost eliminating lines,” said Alex and Ani chief technology officer, Joseph Lezon. “By integrating mobile into our VIOPSYS point-of-sale system, we were able to positively impact the in-store shopping experience during the busy shopping season, which is exactly the kind of positive energy we want customers to associate with the Alex and Ani brand.”

With the mobile POS application, Alex and Ani increased points of checkout from four to 10 in most of its 28 stores across the U.S., and in one store, from five to 25. The resulting increase in sales opportunities allowed Alex and Ani to hire more staff to personally assist customers for the duration of their visit.

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S.Ban Be says:
Jan-27-2013 01:08 am

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S.Ban Be says:
Jan-27-2013 01:08 am

I found a game for mobile and it is free. Iwin has many platform for you tai iwin with java, android, ios... You can connect with friend on the word. Game iwin has a mini social network you can chat and sms with friend

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