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In Australian, a local government competition body regularly pursues this sort of fake-ass pricing. They are a great laugh once they a fined, but it is not so f
by mianos 3y ago
In Australian, a local government competition body regularly pursues this sort of fake-ass pricing. They are a great laugh once they a fined, but it is not so funny before. Here is one that is as ridiculous as the Black-Friday fake deals.
edit, here is the gist:
In July 2020, the Court found that Kogan had misled consumers by advertising over a period of four days that they could use the code ‘TAXTIME’ to reduce prices by 10 per cent at checkout, when Kogan had increased the prices of 621 products immediately before the promotion.
In most cases, the prices of these products had been increased by at least 10 per cent. Kogan then decreased those prices soon after the promotion ended, many back to their pre-promotion prices.
https://www.accc.gov.au/media-release/kogan-to-pay-350000-for-misleading-tax-time-promotion#:~:text=The%20Federal%20Court%20has%20ordered,breach%20of%20Australian%20Consumer%20Law https://www.accc.gov.au/media-release/kogan-to-pay-350000-fo....
- etrautmann 3y agoI just assumed retailers do this constantly and buyer beware. Is this not standard behavior? MSRP is so often completely made up with frequent arbitrary sales. Curious what law this is breaking.
- AndrewDavis 3y agoIn Australia there are certain requirements on how long a product must be at a price before you can advertise it as discounted, and say things like "save 50%". This is to prevent this exact practice where a store either lies and slaps a discount sticker on it without any discount to mislead a consumer, or from them putting up the price for 24 hours and then discounting it. There is no exact length of time, the law says "reasonable". So it'd be up to a court to decide. You can learn more here https://www.accc.gov.au/consumers/pricing/price-displays https://www.accc.gov.au/consumers/pricing/price-displays