I use some of their stuff, when it is on the best-super sale, and have gotten very good mileage out of it. Nevertheless, I have always wondered how they get away with being misleading, consistently, about what their actual list prices are. "Buy one, get three free" means paying 25% of what they CLAIM the list selling price is, but typically, the selling prices run from 25% of list on the low side, to 50% of list if you aren't careful enough.
I just wonder how they get away with claiming a list price at which virtually no garments are sold, ever. After all, they have hundreds of physical stores in addition to selling on line, and I would have thought that in at least some states "list" has to be based upon a price at which something had actually been sold to someone, somewhere.
I guess they hire stupid people to pay list once in a while to establish the starting price.
As an educated consumer, you should know the difference between list price and actual selling price in the marketplace. List price is the "gimmick" used to suck in unsophisticated shoppers; it's the primary driver behind Black Friday-type sales in which only about 3% of the sale items are actual deals.
Do your due diligence and you'll not be sucked in by such "deals."
I could still swear that I had read rules for NYC in particular that advertised sales had to show price discounts from some actual price level. I guess I was wrong.
Oh wait...I need a pun.
Okay, that sews up this threads thread.
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Yeah, there are a lot of wrinkles on the face of the retail industry. Hopefully it'll all get ironed out someday.
Josef A. Bank
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Now that's a store where they really make a killing!
I know one of their big Black Friday "sales" was on an item that normally sells for between $85 and $100. They offered it as a big deal at $100 by basing it on the suggested retail price of around $140 -$130. Just another example of a BF ripoff to unaware (read stupid, uninformed) consumers.
Read my first comment farther up the thread.
"An educated customer, is our best customer" Man I was bummed when that Syms store closed...
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Read my first comment farther up the thread.
I dunno, I got a PS4 package for an unbelievable price on Black Friday / Cyber Monday
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In comment 12043228 Curtis in VA said:
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Read my first comment farther up the thread.
I dunno, I got a PS4 package for an unbelievable price on Black Friday / Cyber Monday
Note that I said around 3% were actual deals, not that there were no deals. You may want to double-check your deal on wirecutter.com, however. You may get an unpleasant (or pleasant) surprise.
I got two from Brooks Brothers recently. They're a lot better than Jos A. Bank's, but also a shitload more expensive.
And the salesmen can be sleazy (they tried selling me the wrong size to complete the sale). They have a big 30% sale every few months, so I'd only buy them then.
Thanks, and a tip of the fedora to Manh George for an entertaining thread.
Every trip to their store seem to have that one guy or someone who wasn't bothered by the price. I couldn't figure it out since there is a Brooks Brothers down the block that probably has the same prices
But, don't they sell only their own line? I realize the manufacturing is likely contracted out. But, this isn't the same as a true discounter, like Men's Warehouse, where they sell other brand names for less than suggested retail pricing.
The last suit I bought was the first time I ever really bought a good suit. When I graduated Grad School almost 6 years ago, I bought it because I was preparing for interviews. I only have reason to wear it 1-3 times a year now. It is in outstanding shape and fits beautifully. It is a Burbury suit purchased from Rothmans. This is a Men's Shop in Manhattan on Park Ave. South, with another location in Scarsdale. They carry higher end brands for all their clothes, so they aren't cheap. But, they have a few big sales a year.
I bought my suit for, in the neighborhood of $500. It's "list" price was about $1000. I know it didn't sell for that, but likely sold for ~ $750. They have much more expensive suits, but not much for less.
As an educated consumer, you should know the difference between list price and actual selling price in the marketplace. List price is the "gimmick" used to suck in unsophisticated shoppers; it's the primary driver behind Black Friday-type sales in which only about 3% of the sale items are actual deals.
Do your due diligence and you'll not be sucked in by such "deals."
So, by "educated consumer" we mean someone who is aware that most claims about pricing are intended to deceive?
maybe Machiavelli should be required reading
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...It's the industry/manufacturer recommended" price and there's nothing remotely illegal about quoting it. This is where the term caveat emptor comes into play.
As an educated consumer, you should know the difference between list price and actual selling price in the marketplace. List price is the "gimmick" used to suck in unsophisticated shoppers; it's the primary driver behind Black Friday-type sales in which only about 3% of the sale items are actual deals.
Do your due diligence and you'll not be sucked in by such "deals."
So, by "educated consumer" we mean someone who is aware that most claims about pricing are intended to deceive?
maybe Machiavelli should be required reading
There's so much info about this out there that one has to be wilfully ignorant not to know this. Machiavelli would agree with this, but invoking "The Prince" is a tad bit of overkill, wouldn't you say?