Scott Olson / Getty Images Just in time for Valentine’s Day gift-buying season, J.C. Penney is jacking up list prices just so that it can slash them and make the sale price seem more impressive.
Many retailers engage in what’s known as “price anchoring.” That’s the retail-world term for setting a high list price to anchor in a perception of value for a product. Because these anchor prices are often so high that almost no customers actually pay them, and because they exist mainly so that the inevitable sales and markdowns appear larger and more tempting, there’s another term frequently applied to the strategy: fake pricing. Read More...
One reward for a successful journalism career at The Washington Post might be a move into a different medium, like NBC News. Leigh Ann Caldwell is reversing the dynamic.
Caldwell, who has been with NBC News since 2014, will join The Washington Post as one of the two writers on its morning newsletter, “The Early 202,” as well as an interviewer of newsmakers and Congressional leaders on Washington Post Live, the news outlet’s streaming-video forum. Read More...
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Having served as a captain in the 358th Infantry goth Division, World War I with Major General (then Major) Terry Allen, I was deeply interested and very proud of your splendid article about him (TIME, Aug. 9). I have noted, however, that . . . [you failed to] mention the very interesting fact that when General Allen (then in command of the 2nd Battalion of the 358th Infantry) got the machine-gun bullet through his jaws and mouth at Aincreville during the St. Read More...