Skip to comments.Best Buy Sorry for Price Gouging Water During Hurricane Harvey
Posted on 08/30/2017 11:22:12 AM PDT by Snickering Hound
One of the Best Buy stores in Houston offered Hurricane Harvey victims bottled water ... for a price, a very high one and now the company's apologizing.
The store was caught selling 12-packs of Smartwater for $29.98 and 24-packs of Dasani for a whopping $42.96. A photo of the display went viral this week, amid allegations of price gouging in the wake of the Harvey.
Best Buy now admits, "This was a big mistake on the part of a few employees at one store on Friday. As a company we are focused on helping, not hurting affected people. Were sorry and it wont happen again."
A rep for the retail tech giant added ... Best Buy doesn't normally sell water, and that the employees at this specific store were pricing the packs based on single bottle prices.
(Excerpt) Read more at tmz.com ...
Yeah, sorry...after they already deposited the money in the bank.
I’ve been told all morning that this shows good business sense.
im guessing this wasn’t a corporate decision. They’re not that stupid.
Meh. Disneyland charges $3 a bottle.
Somebody’s gonna lose their job.
well if they offered them at regular price then someone would just buy all of them and everyone else is SOL. So there is that. The alternative would be to limit them to one per customer I suppose.
Raising prices this way can to some extent actually make good economic sense and be socially beneficial. See “Politics and Pencils” at
If there is a limited supply of water, and if you charge the regular price, someone will come in, buy it all, and then go out an gouge. Raising the price can increase the likelihood of fair distribution.
“Sorry” .. we got caught
Pretty clearly some blue shirts are gonna end up at Goodwill over this.
Supply and Demand.... Econ 101
If they offered at regular price, some person will buy them all early and resell at 10 times the price at the other side of the street.
NO. this is not the TIME to make economic sense
Uh, you can leave me off your ping list, thank you. I’m perfectly capable of finding my own way on FR.
If this is such a smart business move why is the company saying “humina...humina...humina...”
Every disaster, it happens. People and businesses operate on their first instincts. It provides a real good way to get an indication of who they are. Looks like it's Joel Osteen and some Best Buy managers that failed the "first instincts" test this time.
There is no such thing as “price gouging”. It is an invention of the left. There is only supply and demand.
Yeah, but it only costs that much if you buy it with their three year extended warranty ...
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