Earlier quoted context omitted.
That's a good point. Private Equity is a fairly broad umbrella term that encompasses a variety of investment strategies and business models. The type of Private Equity that most here are referring to is the type that buys up existing businesses, squeezes as much money as possible out of them, and throws their desecrated corpses in the gutter. These "investors" are a blight on society, this activity should be criminal…
Just like crows! People hate crows even though they play a valuable role in ecosystems. I would argue that moribund businesses who maintain a competitive moat but are otherwise extremely unproductive and inefficient are the real blight on society. If PE firms can liquidate those businesses and open up the market while freeing up capital for more productive investment then I fully support them. I would love to hear so…
Dollar-stores overcharge customers while promising low prices
331–340 of 754 posts
Re: Dollar-stores overcharge customers while promising low prices
#332> Red Baron frozen pizzas, listed on the shelf at $5, rang up at $7.65. Bounty paper towels, shelf price $10.99, rang up at $15.50. Kellogg’s Frosted Flakes, Stouffer’s frozen meatloaf, Sprite and Pepsi, ibuprofen, Klondike Minis – shoppers were overpaying for all of them. Pedigree puppy food, listed at $12.25, rang up at $14.75. Surely, now that this made the news, there will be an investigation into the fraudulent…
This is very American: it's illegal, but everyone accepts both that the law will be enforced very unevenly, and that this kind of thing doesn't get solved by the regular political process. There's no political consumer complaints culture, it's seen as an individual matter. You couldn't get away with this for as long in the UK as a retailer. Either the CMA or Trading Standards would deal with it.
Yeah it does. This is specifically the sort of thing that the FTC is in charge of addressing.
That is ultimately controlled by who the president is. There is some funding problems with these enforcement agencies that forces them to pick and chose their battles. However, you'd be naive to think that there isn't a significant difference from how Lina Khan ran things and how Andrew Ferguson runs things.
Re: Dollar-stores overcharge customers while promising low prices
#333Earlier quoted context omitted.
And this is exactly why I only shop at Costco. While other retailers try to get me to buy more stuffs, Costco try to make sure I'm satisfied enough that I'll renew my yearly membership (their main profit source). The incentive structure aligns very well.
Buying in bulk is about having the ability to both afford next week’s food this week and have the means to store it. Not to mention the annual subscription. Responding to a comment about dollar stores preying on the poor with, “that’s why I shop at Costco” is… a choice.
Re: Dollar-stores overcharge customers while promising low prices
#334> Red Baron frozen pizzas, listed on the shelf at $5, rang up at $7.65. Bounty paper towels, shelf price $10.99, rang up at $15.50. Kellogg’s Frosted Flakes, Stouffer’s frozen meatloaf, Sprite and Pepsi, ibuprofen, Klondike Minis – shoppers were overpaying for all of them. Pedigree puppy food, listed at $12.25, rang up at $14.75. Surely, now that this made the news, there will be an investigation into the fraudulent…
This is very American: it's illegal, but everyone accepts both that the law will be enforced very unevenly, and that this kind of thing doesn't get solved by the regular political process. There's no political consumer complaints culture, it's seen as an individual matter. You couldn't get away with this for as long in the UK as a retailer. Either the CMA or Trading Standards would deal with it.
I routinely see this type of crime heavily policed and reported on in NC. Whereas my entire life is in coastal SC and never once in my life saw this repeated on or enforced.
Re: Dollar-stores overcharge customers while promising low prices
#335Dollar stores are private equity with a checkout lane. In 2025, Dollar Tree sold Family Dollar to a group of private-equity firms: Brigade Capital Management, Macellum Capital Management and Arkhouse Management Co. https://corporate.dollartree.com/news-media/press-releases/d... It’s a business model cosplaying as poverty relief while quietly siphoning money from the people least able to lose it. They already run on a…
Interesting. The Netherlands is no class society so rich or poor nobody has any goddamn shame to stand in line at the Action checkout if there's a good sale to be had. Seeing people in BMWs at the Aldi parking lot. Strange country.
Re: Dollar-stores overcharge customers while promising low prices
#336Earlier quoted context omitted.
... and a car to haul all that stuff, and time to drive to the nearest Costco. It really is a luxury that a ton of people can't afford.
Indeed. And I say this as Costco member. There are lot of factors that make Costco memberships work. And a lot of people won't be able to make much benefit out of Costco membership.
Re: Dollar-stores overcharge customers while promising low prices
#337Earlier quoted context omitted.
Pretty trivial to make profits "not exist" though if you planned to engage in fraud and wanted to de-risk it.
They're a publicly traded company. If they drop profits substantially, I imagine shareholders etc would leave.
Anyway no, shareholders care about much more than simple profits.
Re: Dollar-stores overcharge customers while promising low prices
#338Earlier quoted context omitted.
> When cops "enforce" the law, like arresting someone or towing a car, they're only allowed to do it because there's some immediate need. Not at all true. They can enforce the law because there's a law being violated, not because there's an immediate need for the enforcement. > In the former case, it's because having a criminal roaming around the streets is a danger to society, and in the latter case because the car…
>There are so many cases where cops can arrest someone who isn't being a danger to society in any way, like someone who illegally crossed the border into the US (a criminal misdemeanor) Does only committing a "criminal misdemeanor" somehow exempt you from arrest? >Or for an example under state law, a cop arresting someone who is intentionally underpaying state income tax (criminal tax evasion) has no immediate need t…
It does not - and that's exactly my point! Cops are allowed to arrest that criminal even though there's no immediate need to arrest them. So, immediate need is not a prerequisite to cops arresting someone.
> Right, because arresting people who refuses to show up to court is needed for the justice system to work at all. Otherwise people can just shirk their court dates and never face judgement. There's plenty of other reasons to arrest people besides the two examples I provided, they're not supposed to be exhaustive.
Yes, but cops are also free to arrest people who they are confident will show up to court, if there's probable cause that they've committed a crime. Again, the point of that example was that immediate need is not required before a cop can arrest someone.
> This makes as much sense as calling in the cops to report health code violations.
I agree that it would be best if there were a separate agency that could respond on the spot for this type of issue, other than the regular police department and other than a slow administrative complaint/inspection process which doesn't lead to enough of a fine for stores to change their processes.
But I was discussing the possibility of the sale completing according to the law and the store trying to stop the customer from leaving with their purchase because they didn't pay the illegal overcharge. That would indeed by a crime attempted or committed by the store, assuming the law considers the sale to have been completed, and that is indeed something within the scope of what cops can handle.
To use your health code analogy: sure, in general, administrative complaints are the way to handle health code violations. But what do you call it if a restaurant worker sees something which they know or reasonably should know is toxic to humans spill into a customer's order, and then they serve it to the customer anyway without a warning? Yes, that's a crime as well as a health code violation. There are plenty of cases where cops can legitimately be involved in things that can also be handled administratively. Whether or not cops are likely to respond in useful or timely ways is a completely separate question from what the law allows.
(Tangent: Cops also quite often handle administrative fines of even smaller magnitude than what we're discussing here, but usually when the aggrieved party is the government and the wrongdoer is a random individual, like issuing non-criminal $60-100 fines for not paying a public transit fare of a couple of dollars. It's rare for them to do it when the aggrieved party is a random individual and the wrongdoer is a business.)
Re: Dollar-stores overcharge customers while promising low prices
#339Earlier quoted context omitted.
And this is exactly why I only shop at Costco. While other retailers try to get me to buy more stuffs, Costco try to make sure I'm satisfied enough that I'll renew my yearly membership (their main profit source). The incentive structure aligns very well.
>While other retailers try to get me to buy more stuffs, Costco try to make sure I'm satisfied enough that I'll renew my yearly membership (their main profit source). The incentive structure aligns very well. This doesn't make any sense. Costco makes a profit on the goods sold as well. They have every incentive to sell you as much stuff as possible. That's why they also engage in the usual retail tactics to increase…
Re: Dollar-stores overcharge customers while promising low prices
#340Earlier quoted context omitted.
It was investigated, the issue is that the fines are smaller than the profit. I would personally want to see things like this considered fraud and that it can result in prison sentences for executives and other people invovled in the decision making.
Corporate fines should all be percentages of profits.