Crosswords0 min ago
Rip off prices.
8 Answers
Argos Uk have a floor lamp, Milan antique brass floor lamp item No 432/2667 for sale on their web site for £17.49. The very same item is for sale on their Irish Argos .ie web site item No 432/2667 for €47.99.
Using the app. conversion rate this should be €22.00, and it means that the mark up is a monstrous 225%. How on earth do Argos justify this mark up. Have your readers any comments? Thanks.
Using the app. conversion rate this should be €22.00, and it means that the mark up is a monstrous 225%. How on earth do Argos justify this mark up. Have your readers any comments? Thanks.
Answers
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For more on marking an answer as the "Best Answer", please visit our FAQ.porkchop, you could ask Argos for an explanation but don't expect a sensible answer from any big company. I asked B & Q why their nuts & bolts were twice the price of the same sort in my local ironmongers.
The answer was my local shop had a larger buying power, I showed it to the shopkeeper and it's now framed and hanging over the till.
The answer was my local shop had a larger buying power, I showed it to the shopkeeper and it's now framed and hanging over the till.
The UK site shows that the original UK price was £34.99 (and then subsequently reduced to £26.24). The lamp is now being offered at half the original UK price. That's probably because the item has been slow to sell in the UK, so Argos want to clear their stocks, whereas sales in the Irish Republic have been strong enough to justify retaining the original price.
It's common practice for large store groups to charge different prices in different areas, depending upon local conditions. They should be congratulated for their sound commercial practices, not criticised for them.
Chris
It's common practice for large store groups to charge different prices in different areas, depending upon local conditions. They should be congratulated for their sound commercial practices, not criticised for them.
Chris