|Jan 4, 2013, 09:51 AM||#1|
Best Buy Complains About Walmart's iPhone 5 Holiday Sale, Claims $65,000 Profit Loss in One Day
The Wall Street Journal notes that several retailers including Best Buy and Toys "R" Us have complained to attorneys general in a handful of states about advertising practices of Walmart. Generally, the complaints stem from comparison ads by Walmart in which competitors assert that Walmart is using inaccurate pricing or non-equivalent items to claim that it offers the lowest pricing.
But Best Buy also alleges that Walmart was deceptive with its iPhone 5 holiday sale in which it dropped pricing to $127, although the article quotes $150 pricing.
Best Buy had already been selling the iPhone 5 for $149.99 when Walmart announced its own sale, but it is unclear if Best Buy used the $73 difference from regular price or $23 difference from Best Buy's sale price in calculating its profit loss. Assuming the latter, Best Buy would have price matched on approximately 2800 iPhone 5 sales in one day.
Article Link: Best Buy Complains About Walmart's iPhone 5 Holiday Sale, Claims $65,000 Profit Loss in One Day
|Thread Tools||Search this Thread|
|thread||Thread Starter||Forum||Replies||Last Post|
|Apple is doomed (Apple makes a PROFIT of over $71,000 a minute.)||luckydcxx||Community Discussion||4||Mar 20, 2014 11:22 AM|
|Any of you old enough to remember Walmart back in the day?||MuddyPaws1||Politics, Religion, Social Issues||8||May 29, 2013 04:18 PM|
|China Unicom Begins iPhone 5 Reservations, Gets 100,000 First-Day Reservations||MacRumors||iOS Blog Discussion||15||Dec 4, 2012 12:19 PM|
All times are GMT -5. The time now is 06:32 PM.