Fear Our D! Posted August 27, 2011 Share Posted August 27, 2011 :jerk: :jerk: Full Story: http://thechive.com/2011/08/27/not-cool-best-buy-1-hq-photo/ Link to comment Share on other sites More sharing options...
ACW Posted August 27, 2011 Share Posted August 27, 2011 Supply and demand. Econ 101. Link to comment Share on other sites More sharing options...
Kosher Ham Posted August 27, 2011 Share Posted August 27, 2011 That's pathetic. Somone will likely get fired over this escapade. Link to comment Share on other sites More sharing options...
ACW Posted August 27, 2011 Share Posted August 27, 2011 I don't even get it. So Dasani costs more than Smar****er? :whoknows: Link to comment Share on other sites More sharing options...
Fear Our D! Posted August 28, 2011 Author Share Posted August 28, 2011 I don't even get it. So Dasani costs more than Smar****er? :whoknows: Well it's 24 Dasani's and 12 Smar****ers. It's still :pooh: Link to comment Share on other sites More sharing options...
renaissance Posted August 28, 2011 Share Posted August 28, 2011 Math 101...maybe you should retake it, ACW. Link to comment Share on other sites More sharing options...
ACW Posted August 28, 2011 Share Posted August 28, 2011 Math 101...maybe you should retake it, ACW.:finger: They're different products.Is that 1 picture, or 2 next to each other. They couldn't be THAT obvious. Link to comment Share on other sites More sharing options...
Corcaigh Posted August 28, 2011 Share Posted August 28, 2011 What's the required discount when you move from one bottle to a pack? BestBuy doesn't sell packs of water usually. Link to comment Share on other sites More sharing options...
Kosher Ham Posted August 28, 2011 Share Posted August 28, 2011 I get supply and demand. However... As high of a demand that a PS3 (or whatever hot item at the time) is/was they don't sell outside of reasonable profits. To sell a 5 dollar case of water for 40 bucks is absurd and just a crappy idea to begin with. Sell it for 12 bucks instead of the normal 10 or whatever they charge up there. To sell it for 40 bucks ? Link to comment Share on other sites More sharing options...
TheDoyler23 Posted August 28, 2011 Share Posted August 28, 2011 Those two price points are 1.99 and 1.69 each, which is probably what they charge for them individually in the refrigerators. So when someone takes it up, they probably just ring it up for 24 or 12 units. Link to comment Share on other sites More sharing options...
Kosher Ham Posted August 28, 2011 Share Posted August 28, 2011 Those two price points are 1.99 and 1.69 each, which is probably what they charge for them individually in the refrigerators. So when someone takes it up, they probably just ring it up for 24 or 12 units. Great point. Hmmm... Nothing to see here then. I apologize. Link to comment Share on other sites More sharing options...
skinfan2k Posted August 28, 2011 Share Posted August 28, 2011 How are they allowed to do this in the store? I get on the street, but dasani will have a word with this store! just watch. Do not mess with Coca-Cola Link to comment Share on other sites More sharing options...
TheGoodBits Posted August 28, 2011 Share Posted August 28, 2011 Hope they get looted. Link to comment Share on other sites More sharing options...
skinfan2k Posted August 28, 2011 Share Posted August 28, 2011 Coca Cola will have a nice word with Best Buy management Link to comment Share on other sites More sharing options...
SWFLSkins Posted August 28, 2011 Share Posted August 28, 2011 Supply and demand. Econ 101. In Florida that is a felony, it is called gauging. Even after the storm you can not charge more than a 50% markup on things like plywood. But fuel, water and food are even more guarded, I think it is like 20%. They passed a law after all the hurricanes in '05. Link to comment Share on other sites More sharing options...
kiingspadee Posted August 28, 2011 Share Posted August 28, 2011 at my store (Giant) you can get 35 packs of water for like 4 bucks Link to comment Share on other sites More sharing options...
ACW Posted August 28, 2011 Share Posted August 28, 2011 In Florida that is a felony, it is called gauging. Even after the storm you can not charge more than a 50% markup on things like plywood. But fuel, water and food are even more guarded, I think it is like 20%. They passed a law after all the hurricanes in '05.Gouging is a dumb crime.http://reason.com/archives/2011/08/25/almost-everything-were-taughtWhat about price-gouging? State laws attempt to prevent people from charging "unconscionable" prices during emergencies."If I'm in the neighborhood of Hurricane Katrina," Boaz said, "what I want is water and ice and generators. ... If you are in Kentucky (and) you've got 10 generators in your store, are you getting up at 4 a.m. to drive all day to get to Louisiana to sell these generators if you can only sell them for the same price you can sell them for in Kentucky? No, you're going to go down because ... you can sell them for more." Also, if prices rise during an emergency, that's a signal for people to buy only what they most need. That leaves more for everyone else. If the price remains low, an incentive to conserve is lost Link to comment Share on other sites More sharing options...
RLeVan Posted August 28, 2011 Share Posted August 28, 2011 Anyone else pick up on where the source article is from. The Chive. Sounds similar to The Onion. Fake story. Link to comment Share on other sites More sharing options...
AsburySkinsFan Posted August 28, 2011 Share Posted August 28, 2011 Those two price points are 1.99 and 1.69 each, which is probably what they charge for them individually in the refrigerators. So when someone takes it up, they probably just ring it up for 24 or 12 units. Yep at first I was like :yikes: and then I went :geek: and did the math, I guarrantee it's just like you said, individual pricing and just what you'd expect to find at a convenience store. Link to comment Share on other sites More sharing options...
SWFLSkins Posted August 28, 2011 Share Posted August 28, 2011 Gouging is a dumb crime.http://reason.com/archives/2011/08/25/almost-everything-were-taught I think Florida did the right thing by setting limits to the mark-up thus still making it profitable for a guy in KY. to load up a truck of generators and drive them to Fl. The real problem occured after Andrew when street trucks were selling $25. sheets of plywood for $200.00 and people had to board up for security and had no choice. Also water was going for like $5. a bottle and gas was $10 a gallon at some stores, they were all busted btw. Link to comment Share on other sites More sharing options...
Fear Our D! Posted August 28, 2011 Author Share Posted August 28, 2011 I think Florida did the right thing by setting limits to the mark-up thus still making it profitable for a guy in KY. to load up a truck of generators and drive them to Fl. The real problem occured after Andrew when street trucks were selling $25. sheets of plywood for $200.00 and people had to board up for security and had no choice. Also water was going for like $5. a bottle and gas was $10 a gallon at some stores, they were all busted btw. Did they have to pay fines or do time or what? Link to comment Share on other sites More sharing options...
JimboDaMan Posted August 28, 2011 Share Posted August 28, 2011 Supply and demand. Econ 101.And when a brick goes through the plate glass window that will be Physics 101. At the very least the locals will probably shun the store from now on, a good lesson in Introductory Marketing. Don't care if they're just selling cases at the single bottle rate, it's absolutely horrible PR and I guarantee you somebody will get torn a new body opening by corporate. Link to comment Share on other sites More sharing options...
kubstix Posted August 28, 2011 Share Posted August 28, 2011 I went to Florida back in the early 2000's in December. It hit a record low for the entire week. I think the high for some days was only like 38 degrees. I packed pretty appropriately, but did not think to get a tossle hat. Long story short, Disney was selling tossle hats for $40 bucks. Oh yeah, and not disney tossle hats.....they were straight up bought from Wal-Mart. Link to comment Share on other sites More sharing options...
SWFLSkins Posted August 28, 2011 Share Posted August 28, 2011 Did they have to pay fines or do time or what? Fines, they were hit where they were hurt if they were legitimate, and if not licensed then they were charged with third degree felonies. I know this because I worked in Homestead and Miami after Andrew and saw alot of this stuff going on. The Feds were unable to do much having thier hands so full, but the local police were locking up people all over the place. an example of what happens, and from what I remembe the laws have been stiffened since this..... Camp Out is charged with violating the price gouging statute, which carries a maximum fine of $1,000 for each occurrence and a violating the unfair and deceptive trade practices statute, which carries a penalty of $10,000 – which grows to $15,000 if any victims are over the age of 60. In a separate matter, Crist announced the settlement of a price gouging and unfair trade practices investigation involving Monarch Drapery & Carpet Cleaning Company doing business as Coit Services of South Florida and Coit Drapery & Carpet Cleaners. The investigation revealed that Coit sent trucks into several South Florida neighborhoods in search of damaged homes. The settlement calls for complete reimbursement of slightly more than $3,000 to four consumers. The company is also required to pay $10,000 in attorney costs and fees over a period of 90 days. ___________________________________________________________________________ If this would have happened in Florida, Best Buy would be all over the news and the corporate HQ would not be happy, which I don't think they will be anyway. ---------- Post added August-28th-2011 at 12:35 PM ---------- http://myfloridalegal.com/__852562220065EE67.nsf/0/436BA2A517C484F385256F18004E0123?Open&Highlight=0,penalty,gouging ---------- Post added August-28th-2011 at 12:36 PM ---------- Shortly following the tornados, one of the victims contacted the Attorney General’s Office, claiming the tree removal company had billed her and her 83-year-old neighbor for the same job. An investigation by the Attorney General’s Office revealed that Sun State charged the neighbors a combined total of nearly $13,000 for removing a tree which had landed on both roofs. The company billed each neighbor separately for the one job then submitted two separate claims to the insurance company. Each claim detailed the total cost of labor, time and equipment which equaled approximately $6,000. The civil complaint filed by the Attorney General’s Office alleges one count of price gouging, which carries a maximum civil penalty of $1,000 per violation, and one count of violating Florida’s Deceptive and Unfair Trade Practices Act, which carries a maximum civil penalty of $10,000 per violation and $15,000 for each violation victimizing a senior citizen. The Attorney General’s Office is also seeking restitution, damages and attorney's fees. Link to comment Share on other sites More sharing options...
ACW Posted August 28, 2011 Share Posted August 28, 2011 What Camp Out did shouldn't be illegal; what Sun State did is plain old insurance fraud. Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.