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Best Buy Sorry for Price Gouging Water During Hurricane Harvey
TMZ ^ | 6-30=2017

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. We’re sorry and it won’t 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 ...


TOPICS: News/Current Events; US: Texas
KEYWORDS: apology; bestbuy; hurricaneharvey; water
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What else would you expect from the home of the $100 HDMI cable?

1 posted on 08/30/2017 11:22:12 AM PDT by Snickering Hound
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To: Snickering Hound

Yeah, sorry...after they already deposited the money in the bank.


2 posted on 08/30/2017 11:23:24 AM PDT by WKUHilltopper (WKU 2016 Boca Raton Bowl Champions)
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To: Snickering Hound

I’ve been told all morning that this shows good business sense.


3 posted on 08/30/2017 11:24:13 AM PDT by miss marmelstein
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To: Snickering Hound

im guessing this wasn’t a corporate decision. They’re not that stupid.


4 posted on 08/30/2017 11:24:42 AM PDT by jean michael
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To: Snickering Hound

Meh. Disneyland charges $3 a bottle.


5 posted on 08/30/2017 11:25:24 AM PDT by robroys woman
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To: Snickering Hound

Somebody’s gonna lose their job.


6 posted on 08/30/2017 11:25:36 AM PDT by dfwgator
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To: Snickering Hound

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.


7 posted on 08/30/2017 11:26:53 AM PDT by pepsi_junkie
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To: Snickering Hound

Raising prices this way can to some extent actually make good economic sense and be socially beneficial. See “Politics and Pencils” at

http://www.newsweek.com/george-will-pencils-and-politics-89355


8 posted on 08/30/2017 11:29:16 AM PDT by Chengdu54
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To: Snickering Hound

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.


9 posted on 08/30/2017 11:31:01 AM PDT by Chengdu54
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To: Snickering Hound

“Sorry” .. we got caught


10 posted on 08/30/2017 11:32:03 AM PDT by tomkat
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To: jean michael

Pretty clearly some blue shirts are gonna end up at Goodwill over this.


11 posted on 08/30/2017 11:32:13 AM PDT by bigbob (People say believe half of what you see son and none of what you hear - M. Gaye)
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To: Snickering Hound

Supply and Demand.... Econ 101


12 posted on 08/30/2017 11:32:55 AM PDT by ObozoMustGo2012 ("Be quiet... you are #fakenews!")
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To: pepsi_junkie; miss marmelstein
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.
13 posted on 08/30/2017 11:33:37 AM PDT by Jeff Chandler (Your Free Speech is Violence. My Violence is Free Speech.)
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To: pepsi_junkie

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.


14 posted on 08/30/2017 11:35:24 AM PDT by TTFX
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To: Chengdu54

NO. this is not the TIME to make economic sense


15 posted on 08/30/2017 11:35:48 AM PDT by SendShaqtoIraq
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To: Snickering Hound

http://mb.ntd.tv/2017/08/29/20-for-a-gallon-of-gas-texas-attorney-general-warns-price-gougers-of-huge-fines/


16 posted on 08/30/2017 11:36:55 AM PDT by ilovesarah2012
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To: Jeff Chandler

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...”


17 posted on 08/30/2017 11:37:24 AM PDT by miss marmelstein
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To: Chengdu54
Selling each person a limited number of bottles for a fair price would increase the likelihood of a fair distribution.

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.

18 posted on 08/30/2017 11:37:59 AM PDT by grania (Deplorable and Proud of It!)
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To: Snickering Hound

There is no such thing as “price gouging”. It is an invention of the left. There is only supply and demand.


19 posted on 08/30/2017 11:38:21 AM PDT by taxcontrol (Stupid should hurt)
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To: Snickering Hound

Yeah, but it only costs that much if you buy it with their three year extended warranty ...


20 posted on 08/30/2017 11:38:46 AM PDT by SecondAmendment (Restoring our Republic at 9.8357x10^8 FPS)
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