Very true, hv never bought anything from Kathmandu unless on special for the third time...usually on clearance. I guess many of us are like that, no one wants to pay RRP as there will be on sale soon. Makes you wonder abt their price strategy.
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Apparently there are murmurings that following some 'complaints' the Commerce Commision are looking at the Kathmandu and others about their pricing ......like is the ticket prices real price meaning discounts stated are 'deceptive'
I am not sure what the latest regulations are, but they used to be, an item had to be on display in store for a month at "full price" before it could be shown as a genuine "full price".Stores would get around this by having their "sale" stock arrive in store just a few weeks before "the sale".
In the book trade you could not state "usually"such and such price unless you had had it for sale at that price.The way round it was to put the publisher's recommended retail price,then your sale price.
The Commerce Commission did try to stop publishers/wholesalers/manufacturers putting recommended retail prices.
The other bad practice was retailers advertising 300 only on sale,when they only had 50 to 100.
And another bad practice was advertising a product you had no stock of, to get people into your store,and then saying you had sold out of it,but we have this, which is better value.!!!!! lol.
Hmmmm, Interesting discussion on deceptive trade practice.
I know of one vehicle importer that's well known in Auckland parallel importing high end Euro cars that is currently running an end of financial year sale PROMOTING MASSIVE END OF FINANCIAL YEAR DISCOUNTS...except that it appears most of the cars are the same prices they were in January and February. Fair Trading Act breech ?, you be the judge. (Yes I confess I'm a car enthusiast and have too many saved on my trade me watchlist just in case they're having a real sale at some stage)
I believe the average consumer thinks most retailers have cried wolf so many times Sale becomes spurious marketing noise.
The other day I noticed Fishing Camping and Outdoors having a closing down sale and I'm quite surprised that they really are closing down in due course. Don't get suckered into their first closing down sale though currently on, the really big discounts will come closer to 30 June when the super retail group in Australia that own them are on record as saying they want to shut it down by balance date. This last closing down sale by FCO will provide hot competition for the consumer dollar in this segment for a little while to come. A real sale of goods in this sector is coming in June, mark it down in your Diary :)
One other dodgy pricing activity is Mitre 10 and Bunnings and their find a better price and we'll beat it by 15%
What incentive for either to reduce the price of popular products they both stock - none. Prices stay up and consumer loses out even though they think they getting the best / lowest price.
In some states of the USA this practice is seen as a form of price fixing and illegal.
And in some cases only one of them stocks a certain brand - Is it Bunning's with Ryobi, cannot buy them anywhere else apart from Bunnings.
MITRE 10 mega originally promoted we do have sales our prices are always low, now they have Bathroom events, garden events etc - a sale by any other name
Or the conditions are so complicated, it won't happen anyway, Brisoces have started this now, another who are always on sale, however the difference between them and KMD is they seem to be doing really well.
I anticipate a SSH notice to come through for a holding by a conservative fund/institution.
Another small burden for Kathmandu:
Macpac's Easter sale is being advertised with some "Kathmandu-like" reductions!
:ohmy: