Why are stores owned by the same companies charging different prices?
“Prices are often important signals of how **competition **is working.”
Um, what competition if we're talking about stores owned by the same company? Competing against itself?
this post was submitted on 05 Aug 2023
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A profit driven company will always sell a product for as much as they can. Costs doesn't factor into price at all.
As with all pricing: because they can.
Couldn't this just be used as an avoidance tactic? Like saying, "see we are trying to keep the prices low, by offering competitive prices in different stores". All the while raising the base price of the item in all stores to trick people into thinking they are getting a good deal.
Do you want to go to multiple stores or just pay for convenience? That's how they over charge. Best buy sells 40 dollar HDMI cables.
Shopping around can save a lot of money on groceries. It wasn't so bad when all the stores price matched, since this could simply involve opening an app to show you all the flyers and highlighting the ones you want to price match at a single store.
Now, hardly any do price matching, so that's one more way they've found to screw us over.
I mean I work in retail. Prices are different based on region. If a local competitor has a better price, then they'll try to match it out beat it. That's basically it.