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<p>This catalog cover provided by J.C. Penney, shows the February, 2012 catalog. J. C. Penney said Wednesday, Jan. 25, 2012, that it is getting rid of the hundreds of sales it offers each year in favor of a simpler approach to pricing. On Feb. 1, the retailer is rolling out a three-tiered strategy that offers ?Every Day? low pricing daily, ?Monthly Value? discounts on select merchandise each month and clearance deals called ?Best Price? during the first and the third Friday of each month when many shoppers get paid. (AP Photo/J.C. Penney)</p>

<p>This catalog cover provided by J.C. Penney, shows the February, 2012 catalog. J. C. Penney said Wednesday, Jan. 25, 2012, that it is getting rid of the hundreds of sales it offers each year in favor of a simpler approach to pricing. On Feb. 1, the retailer is rolling out a three-tiered strategy that offers ?Every Day? low pricing daily, ?Monthly Value? discounts on select merchandise each month and clearance deals called ?Best Price? during the first and the third F…

January 26, 2012

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Permanent markdown
January 26, 2012 8:15 p.m.

Permanent markdown

J.C. Penney gets rid of hundreds of sales

NEW YORK - J.C. Penney is permanently marking down all of its merchandise by at least 40 percent so shoppers no longer have to wait for sales to get bargains.