This was very much exected, inflated prices scam:
http://wtvr.com/2016/12/09/jcpenney-kohls-macys-and-sears-sued-over-misleading-prices/?
10 replies (most recent on top)
Unfortunately, it will not be the 'company' but the consumers that will foot the bill for the settlements as the stores will up their prices to cover the cost of the ligitation!
1iyn-- taxpayers do not pay for a lawsuit like this. The company (Sears) has attorneys as well as the one who brings the suit. All fees for the lawyers are usually taken out of the settlement. Also, MSRP, retail and sale price are all different things.
I finally think i figured out why new items are shown at full price until the sale prices kick in........makes sense now.
Not frivolous. It speaks to the culture at Sears and other retailers. They try everything they can to screw the employees, customers, vendors. I know that something like jewlery has a huge markup (like 2000% or more). Lets say a store buys a bracelet for $50.00 it will retail for $450-600 but it will always be on sale for $250, but this will be the price from the time it was received in the store and always will be the price. That's how stores have 80-90% off sales all the time.
That is the lawsuit. That the price on that item was never $450-600 so the deal you think you are getting is not really a deal it was the price all along. Stores will also raise prices a few days before a holiday so they can say an item is a certain percentage off. i know how it works I have worked in retail for over 35 years. But that also means that consumers need to spend a little time getting educated and think.
The county attorney should have more important things to do than file frivolous law suits and waste time and tax payer money on something like this.
Maybe we should point out other more worthy crimes going on in California that Sears should be held accountable for than not actually not selling a refrigerator at the MSRP.
Does anyone remember the "what is a regular price" small print signs we had to place at every register several months ago? Probably meant to try to avoid such a lawsuit as this.
You just have to know that every time use use a sign with was/now pricing you better be able to prove you offered the item for purchase at the was price. I am pretty sure it isn't always the case.
Old tricks
They have been doing this for years. Nothing new
uh um..what umph?
hear it alot, too we ain't had a raise in how long? years and years so what is this?
At the checkout: "You saved $78 dollars today sir!"
He bought a pair of socks and 3 pack of boxers... What a deal!