Best Buy sells cases of water for $42.96 in Houston....

[L_O_G]

I wonder how many were actually sold?

**This was a big mistake on the part of a few employees at one store on Friday," a company spokesman told CNBC via email. "As a company we are focused on helping, not hurting affected people. We're sorry and it won't happen again. Not as an excuse but as an explanation, we don't typically sell cases of water. The mistake was made when employees priced a case of water using the single-bottle price for each bottle in the case."**


https://www.cnbc.com/2017/08/29/best-bu ... stake.html

[Guns4Liberty]

Oh it was a mistake alright, but not an innocent one like they're claiming. This is straight out of the CTD playbook.

[wklink]

Not a great PR move but probably no different than people trying to sell eclipse glasses for 45 bucks a pair earlier this month.

When someone is desperate there will always be someone else trying to take advantage of it.

[L_O_G]

Big difference between a want with glasses and a need with water

[Duke EB]

Big difference between a want with glasses and a need with water

[PMB]

I'm probably a sucker, but my money would be on this being an honest (and silly) mistake.

[jukk0u]

"Price gouging saves lives"

The logical premise here is that price controls are a disincentive to action which may lead to shortages of desperately needed goods, and increased profits may add incentive to incur additional risks taken to deliver goods in unfavorable environments.

http://www.naturalnews.com/2017-08-29-p ... illed.html

[Guntrader]

Best Buy stock down 11.93% today.
Whoever pulled that shit just got black listed from retail management until sometime after the second coming of Christ.

[sreyemj]

The logical premise here is that price controls are a disincentive to action which may lead to shortages of desperately needed goods, and increased profits may add incentive to incur additional risks taken to deliver goods in unfavorable environments.

Not just logical, the laws of economics don't suspend themselves just because people want them to. If you sell cheap, you create an inefficient market and someone will help you make it more efficient by buying your stuff and reselling.

Price controls would reduce the supply of water for sure.

[Duke EB]

"Price gouging saves lives"

The logical premise here is that price controls are a disincentive to action which may lead to shortages of desperately needed goods, and increased profits may add incentive to incur additional risks taken to deliver goods in unfavorable environments.

http://www.naturalnews.com/2017-08-29-p ... illed.html

I'm not buying it. These gougers took no additional risk. Scum opportunists in my view.

[hkcavalier]

The logical premise here is that price controls are a disincentive to action which may lead to shortages of desperately needed goods, and increased profits may add incentive to incur additional risks taken to deliver goods in unfavorable environments.

Not just logical, the laws of economics don't suspend themselves just because people want them to. If you sell cheap, you create an inefficient market and someone will help you make it more efficient by buying your stuff and reselling.

Price controls would reduce the supply of water for sure.

Price controls always create a gray market. Always.

Floor prices (e.g. dairy, minimum wage) almost always create a surplus. Almost. Always.

ECON101 stuff here.

[TINCANBANDIT]

The logical premise here is that price controls are a disincentive to action which may lead to shortages of desperately needed goods, and increased profits may add incentive to incur additional risks taken to deliver goods in unfavorable environments.

Not just logical, the laws of economics don't suspend themselves just because people want them to. If you sell cheap, you create an inefficient market and someone will help you make it more efficient by buying your stuff and reselling.

Price controls would reduce the supply of water for sure.

yep, I have had it happen to me at the gun show, guy buys a gun from me before the public had been let in, saw it on his table later marked up $50, and people wonder why the prices are so high at the gun show. If guy A sells 500 rd brick of .22 for $25, guy B will buy it and mark it up to $40 on his table, so guy A prevents it from happening by upping his price to $40

I now have a policy, I do not sell to any table holders.

[RocketScott]

Did I mention that gas was $3.10/gallon when I filled up a minute ago.

[Sinus211]

WTF? Just loot the store!!!! Fuck em!

[Guntrader]

I know a few gougers with tables at the shows.
Sold them guns and came by an hour later and they quickly flipped over the price tag so I couldn't see how much they marked it up.
Great people to sell your incurable jam-o-matics or broken guns to. Hahahaha
Or so I heard.

yep, I have had it happen to me at the gun show, guy buys a gun from me before the public had been let in, saw it on his table later marked up $50, and people wonder why the prices are so high at the gun show. If guy A sells 500 rd brick of .22 for $25, guy B will buy it and mark it up to $40 on his table, so guy A prevents it from happening by upping his price to $40

I now have a policy, I do not sell to any table holders.