How Amazon Tricks You into Thinking It Always Has the Lowest Prices

Post by sukilot » Mon, Jan 19, 2015, 9:46 PM UTC

deeviant wrote: post #99

rprospero wrote: post #88

Earlier quoted context omitted.

I do remember being confused when a local furniture store advertised their "third annual going out of business sale"

There is a furniture store near where I live that was going out of business for 10 years. My wife and I always joked that they should have a "Proudly going out of business for 10 years" sign. They finally went out of business last year. The business that replaced them was another furniture store which happened to be owned by the same people the owned the first. What gives with that anyways, is that some sort of tax g…

Post by Gustomaximus » Mon, Jan 19, 2015, 11:01 PM UTC

justincormack wrote: post #48

corysama wrote: post #39

Earlier quoted context omitted.

In the furniture biz, lots of places have laws restricting how many days/year a given shop can do "going out of business"/"total clearance" sales. Otherwise, they tend to run them non-stop for decades because they are so effective at bringing in customers. According to my friends that have worked furniture retail, it was common practice to mark everything up 300% for a week then have a "40-60% Off!!!" sale. Customers…

In Europe, there are rules about sale pricing for all items, they have to be at the original price for a certain period. They still manage to game it a bit, but slightly less so, eg some items are normally overpriced etc.