JCPenney Jacking Up Prices So It Can Slash Them Later

JCPenney Is Jacking Up Prices
FILE - In this April 9, 2013 file photo, a customer leaves a J.C. Penney store in New York. J.C. Penney Co. is expected to report quarterly results on Thursday, May 16, 2013. (AP Photo/Mark Lennihan)
FILE - In this April 9, 2013 file photo, a customer leaves a J.C. Penney store in New York. J.C. Penney Co. is expected to report quarterly results on Thursday, May 16, 2013. (AP Photo/Mark Lennihan)

JCPenney’s prices are on a climbing roller coaster, and the ride is about to get bumpier.

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