Reminds me of when Circuit City was finally going out of business and they were having a liquidation sale. There were some TVs I was looking at and they were regularly priced at like $800. They had STACKS of those TVs they couldn't move.

Then CC was going out of business and was going through liquidation. The same TVs were being advertised as MSRP $1,299 but 25% liquidation pricing and people were buying 2 at a time.

[–] DTFpanda@lemmy.world 4 points 1 year ago (1 children)

So we're to blame

[–] LordKitsuna@lemmy.world 9 points 11 months ago* (last edited 11 months ago)

It's called the JCPenney effect, because at one point JCPenney attempted to get rid of all the bullshit sales and only list the real actual price. It almost bankrupted them, because instead of buying jeans from them for $20 people would go to the store next door that had literally the exact same jeans for $40 but with a sign that said that they were 40% off

This is a case where it is 100% the fault of the consumers, because we are retarded and fall for this bullshit every single time