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I 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.
by etrautmann 3y ago
I 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