Shops Changing Prices on the shelf

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Sackboy

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If a shop buys a load of hardware or printer cartridges, and they pay a certain price, can they then scratch off the price of the stock on display and put on a new one?

A guy in Incredible Connection admitted they do this all the time. They either scratch off the old label or cover it with a new one because, he says, costs have gone up.

Surely if they paid R500 for 1000 items and the manufacturer now charges more because delivery is more, materials costs have gone up etc, the price of NEW stock should go up, not what they still have on the shelves.

Is this why we don't have anything resembling a good Stock Clearance Sale in this country??
 
sure, they can.. they can sell it at any price they want. It is their stock. It's not nice of them... but then South Africa suffers from a culture of Greed so it does not surprise me.
 
The same applies if the price goes down though, they'll be forced to drop their prices, because no ones (idiots excluded) going to buy it if they know they can get it cheaper elsewhere.
 
You need to be aware that the price you see is no guarantee the price you pay regardless of whatever urban legends you have heard about it.

A price on an item is merely an offer to purchase (OTP). Until money has been exchanged both the seller and the buyer can renegotiate the price (OTP). It often happens that people see an incorrectly priced item and hurry off to the tills to be charged a different amount. While most bigger chains will accept the lower price out of good customer service they have no legal obligation.

So even if IC have a 99c price on their printer cartridge, they can still tell you sorry, its R999.

*Please note: Once money has been exchanged at this point the law changes as the OTP has been concluded (even a handshake is considered an agreement). Was in the furniture trade and this happened alot.
 
Yup they definitely allowed to sell whatever they want at whatever price they want. It's up to you weather you buy it.

Many stores have 25/50/100% markup... You can always choose to buy the item elsewhere.
Thats just the way SA works
 
charlie_82 said:
Yup they definitely allowed to sell whatever they want at whatever price they want. It's up to you weather you buy it.

Many stores have 25/50/100% markup... You can always choose to buy the item elsewhere.
Thats just the way SA works
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Exactly, its the way it works in any free market.
 
cbrunsdonza said:
You need to be aware that the price you see is no guarantee the price you pay regardless of whatever urban legends you have heard about it.

A price on an item is merely an offer to purchase (OTP). Until money has been exchanged both the seller and the buyer can renegotiate the price (OTP). It often happens that people see an incorrectly priced item and hurry off to the tills to be charged a different amount. While most bigger chains will accept the lower price out of good customer service they have no legal obligation.

So even if IC have a 99c price on their printer cartridge, they can still tell you sorry, its R999.

*Please note: Once money has been exchanged at this point the law changes as the OTP has been concluded (even a handshake is considered an agreement). Was in the furniture trade and this happened alot.
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Yes, but what you don't mention is that they would be in trouble for not displaying the correct price or having no price on the shelf - also standard at IC.
 
Sackboy said:
Yes, but what you don't mention is that they would be in trouble for not displaying the correct price or having no price on the shelf - also standard at IC.
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Why?? Unless there's some law or code I am not aware of. The price on the package/display is merely an invitation for the consumer to buy its not the final price. Final price is only established at the point were the sale is concluded.
 
lol I work at a shop that does that....looks better when everything has one price
 
Sackboy said:
Yes, but what you don't mention is that they would be in trouble for not displaying the correct price or having no price on the shelf - also standard at IC.
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Why? As stefan says the price is not an offer to sell, just an invitation to do business. Its not binding in any way AFAIK.

stefan9 said:
Why?? Unless there's some law or code I am not aware of. The price on the package/display is merely an invitation for the consumer to buy its not the final price. Final price is only established at the point were the sale is concluded.
Click to expand...
 
lol I work at a shop that does that....looks better when everything has one price
 
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