Some stores trick you with fake 'sales'
Retailers' advertised sale prices may really not be that great of a deal.
This post comes from Krystal Steinmetz at partner site Money Talks News.
Don't be so quick to celebrate saving $30 on that new set of sale-priced dishes.
It turns out many retailers trick consumers into thinking they're getting a great deal when they shop during a big sale. In reality, many retailers simply bump up items' original prices, then mark the prices down, duping customers into thinking they're scoring a big discount.
"Thanks to a combination of slick pricing, frequent couponing and confusing discounting, retailers routinely trick consumers into thinking they got a great deal on an item -- when in fact they paid way more than they should have," MarketWatch said.
Earlier this year, we told you about a J.C. Penney worker who claimed he was fired after revealing Penney's sales practices.
J.C. Penney isn't the only retailer that's been accused of fooling customers into thinking they're saving a bunch of money when they're not. According to Consumer Reports:
For instance, in past shopping trips to Kohl's, we saw "sale" items priced as high as or higher than the manufacturer's suggested list price. In one case, a set of T-Fal cookware marked down from $199.99 to $159.99 was still $10 more than T-Fal's list price and $32 more than we would have paid on Amazon.com. So comparison-shop, starting with a Web search and the product name and model.
How can you avoid falling for a phony sale? Here are a few tips:
- Check it out. Even if you think you're getting a great deal, don't be afraid to spend a few minutes checking on an item's price. Matthew Ong, a retail analyst with NerdWallet.com, told MarketWatch that consumers should check a product's price at multiple locations, including a couple of big-box stores, Amazon and one or two other stores where they routinely shop.
- Wait and see. If you don’t need an item immediately, you could consider using the Hukkster browser add-in. According to MarketWatch, it sends you an alert when your selected items either go on sale or a coupon is issued.
- Know when to buy. It's not a great idea to buy a new pool at the beginning of summer. But if you wait until July, chances are that stores will mark the items down to sell, hoping to clear space for fall items. Same with clothes and other seasonal items.
I have found that there are certain stores that seem to have incredibly high original prices on their items. So I shop at stores like that only when they're having a big sale and I have additional coupons to use. I have fallen for fake sales on more than one occasion. It's frustrating.
Have you fallen for a fake "sale"?
More from Money Talks News
My biggest gripe is the buy one, get one "free" ads. In EVERY case the one you have to buy is at least twice the regular price. The super markets & drug stores do this every week.
Then there are the going out of business sales. They first mark the prices WAY up & then "discount" them.
1. The J.C. Penney employee did not tell us anything we did not already know. 2. I laugh whenever I hear someone say they got something on sale at Kohl's.
was at ffredmyers the other day saw hot wheels priced $1.00 there was a sign below that for the sale price said 10 for $10.00
ive been well aware of this practice for years. if you want to know when your getting a good deal you need to know what the real price was so watch items you like.
A "Sale" is never a "sale" they are counting on stupidity, and getting away with it, or they would have stopped long ago
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