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Kroger (grocery store) is doing the same thing this week. They're doing a 20% off "holiday bonus" discount on a one per-customer basis (20% off your entire order). The catch? Every item in the store is at least 20% more expensive than it was last week.
dont expect it to go back down
Time to introduce the "lowest price from the last 30 days" requirement like in Europe.
Can you explain this? Never heard of it.
EU for online purchases mandates that the lowest price from the last 30 days be displayed alongside the actual price and discount. So they can't pull the "make the price higher and discount to a higher price than it used to be" trick, best they can do is make price higher and discount it to what it has always been. Which is pointless to them because they'll just get less sales in the month before. Also a month is enough time for the loss of sales to be significant that it isn't worth it to keep the price high to create a "bargain".
Thanks this is really interesting. Literally hadn't heard of this before.
I'm guessing J.C. Penny's doesn't have EU stores?
Ah, the very store that tried “no sales so we can give you year-round low prices”!
Until they found out we consumers ain't gonna buy unless somebody puts the word sale somewhere every once in a while.
I don't buy soda often but fuck I'm tired of their soda sales. Buy 2 get 1 free on 12 packs. (9.99) A piece. Then 1 week out of the month or so they are buy 2 get 3 free. Still 9.99 a 12 pack.
So that's:
9.99 for 12 cans. (.83 cents per can) 19.98 for 36 cans (.56 cents per can) 19.98 for 60 cans (.33 cents per can)
I really don't need 60 cans of soda, but I don't want to pay .83 cents per can. So all it's done is make me stop buying soda all together for the most part.
It can't be coke doing it either, because it goes for "all Coke, Pepsi, and Dr. Pepper products"
As someone who somehow managed to never get hooked on drinking soda, it baffles me how expensive soda is