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Message
Los Angeles prosecutors office going after major retailers
Posted on 12/9/16 at 6:20 am
Posted on 12/9/16 at 6:20 am
Going after them for false price referencing
Kohl's, jcpenney, Macy's etc
Basically saying that the before price, before the mark down, is pretty much a lie
Apparantly they have a stockpiled Internet research to show trends in dishonest practices
If true, then good on the public servants
Seems like this should be a federal investigation
Kohl's, jcpenney, Macy's etc
Basically saying that the before price, before the mark down, is pretty much a lie
Apparantly they have a stockpiled Internet research to show trends in dishonest practices
If true, then good on the public servants
Seems like this should be a federal investigation
This post was edited on 12/9/16 at 6:23 am
15
Posted on 12/9/16 at 6:30 am to Rouge
I mean, who decides what something is worth? Can't I say "a pet rock is worth $100, but I'm selling it for $10 as part as our 90% off sale!!!"?
If someone is dumb enough to fall for it...then whatever.
If someone is dumb enough to fall for it...then whatever.
Posted on 12/9/16 at 6:35 am to WaltTeevens
I think you missed this point
Was $100
Now $60
The claim is that the store never offered that good for sale at $100. The retailers were allegedly inflating numbers to make consumers think they are getting a better deal.
Was $100
Now $60
The claim is that the store never offered that good for sale at $100. The retailers were allegedly inflating numbers to make consumers think they are getting a better deal.
This post was edited on 12/9/16 at 6:36 am
Posted on 12/9/16 at 6:37 am to Rouge
If you're dumb enough to believe the "before" price, the government can't help you.
Posted on 12/9/16 at 6:40 am to Rouge
quote:
Kohl's
You saved $96.78
Posted on 12/9/16 at 6:41 am to Rouge
sounds like they are shaking them down for money
Posted on 12/9/16 at 6:41 am to ThatMakesSense
I am interested to see how this would apply to amazon lightning deals
CAD is already on the case
CAD is already on the case
Posted on 12/9/16 at 6:44 am to Rouge
I would have thought there to be regulations already in place on things like this, or at the minimum, a certain level of business ethics in place.
Either way this investigation goes, people will still shop at these places.
Either way this investigation goes, people will still shop at these places.
Posted on 12/9/16 at 6:47 am to Rouge
I think we get the point, just not sure what's illegal about it. If the msrp is 100 and they sell it for 60 then there's no issue. Even if they never list it for 100 then r education to 60. In fact I don't care what the msrp is. I just don't think that falls under the false advertising blanket. They are telling you what it is, they are telling you the correct sales price, and they are telling you what they think it's actually worth. Sounds like every sales pitch ever.
Posted on 12/9/16 at 6:47 am to ThatMakesSense
This is why I always pay sticker price. Don't want to feel ripped off.
Posted on 12/9/16 at 6:49 am to Martini
'I can make a deal at $27,500'
'That's not good enough..$31,000'
Posted on 12/9/16 at 7:01 am to Rouge
LOL that they would do this in L.A. where celebrities routinely appear in outfits valued at tens of thousands of dollars because of some designers name.
Posted on 12/9/16 at 7:08 am to KG6
quote:I don't think that is what is heppening in these cases.
f the msrp is 100 and they sell it for 60 then there's no issue
"Was $99. Now $79". They never sold them or even listed them at $99.
Posted on 12/9/16 at 7:24 am to LSUTANGERINE
quote:Why is "the consumer should know better" considered an acceptable counter argument?
LSUTANGERINE
Posted on 12/9/16 at 7:25 am to Rouge
quote:
The claim is that the store never offered that good for sale at $100. The retailers were allegedly inflating numbers to make consumers think they are getting a better deal.
yeah that's basically SOP in retail and has been since sales were invented
Posted on 12/9/16 at 7:25 am to Rouge
quote:
Why is "the consumer should know better" considered an acceptable counter argument?
Because it's a free-market system.
Posted on 12/9/16 at 7:27 am to LSUTANGERINE
quote:
They never sold them or even listed them at $99.
Every car ever sold. MSRP 30,000, but we'll take 2k off sticker. No dealer has probably ever sold a car at MSRP, so what's the difference? They are merely stating the value, and what they've reduced it to. Value is subjective. You to have to sell something at a price to claim it has that value (look at every diamond appraisal ever)
Posted on 12/9/16 at 7:30 am to KG6
quote:
I think we get the point, just not sure what's illegal about it. If the msrp is 100 and they sell it for 60 then there's no issue. Even if they never list it for 100 then r education to 60.
If you claim you were selling it for $100 and now you're selling it for $60, but the truth is you never sold it for $100, you are lying to the customer in an effort to convince them the product is worth more than it really is. That's pretty much the definition of false advertising.
Posted on 12/9/16 at 7:30 am to Rouge
quote:
Seems like this should be a federal investigation
I am not sure why anyone cares? Who believes the before price anyway?
Posted on 12/9/16 at 7:31 am to ThatMakesSense
quote:unfortunately, this scenario does not apply to your understanding of the free market
Because it's a free-market system.
The government is not trying to set or control pricing of goods and/or services
This is about dissemination of information to the consumer
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