Yes but even accounting for the price spike in the last 3 months, that drive does not cost over $1,000 without a sale. These kinds of sale tactics honestly need to be illegal.
Any announcement of a price reduction shall indicate the prior price applied by the trader for a determined period of time prior to the application of the price reduction. … The prior price means the lowest price applied by the trader during a period of time not shorter than 30 days prior to the application of the price reduction.
So maybe it wouldn’t apply for a 3 month period, but it does prevent stores from increasing the price by say 20% overnight and then give a “10% discount” the next day.
My buddy called-in Sportchek when they were advertising skis for like $900 but “marked down” to 200! They had to stop that practice as a result of his report.
You mean the one that was $200 before the AI chip BS?
Yes but even accounting for the price spike in the last 3 months, that drive does not cost over $1,000 without a sale. These kinds of sale tactics honestly need to be illegal.
I think they are illegal in many countries, but I guess it isn’t well enforced
In fact, in the EU that is regulated by article 6A (see https://eur-lex.europa.eu/legal-content/EN/TXT/HTML/?uri=CELEX%3A52021XC1229(06) ) . That states amongst other things that:
So maybe it wouldn’t apply for a 3 month period, but it does prevent stores from increasing the price by say 20% overnight and then give a “10% discount” the next day.
It’s already illegal in Canada, you can report them to the Competition Bureau. I don’t think its very well enforced though.
https://competition-bureau.canada.ca/en/deceptive-marketing-practices/types-deceptive-marketing-practices/ordinary-selling-price
My buddy called-in Sportchek when they were advertising skis for like $900 but “marked down” to 200! They had to stop that practice as a result of his report.
No, the one that was damn near $100 before the BS.