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Guys. I did not assert that the Target issue was gouging. I explained what happened as an aside. I should not have included it. Sue me!
I'm looking for other examples of price gouging. Right?
It IS price gouging when only a few months ago the same product above was $5 instead of $8.
That's a mighty big assumption. Maybe some of the ingredients went up in price or are hard to get now or they had to use a more expensive freight line for delivery since Yellow went bankrupt.
I searched all over for the particular scent of lotion I use (Vanilla/Almond Nivea body lotion). It was widely available for years. Now I have to buy it online or travel 35 miles to the city to get it at Target because Walmart no longer carries it. It went from $5 last year to $8 this year. I decided to buy it from Amazon whereupon it came with 3 nice bonuses. Paid $20. The 3 nice bonuses are high quality, and something I would use and have started using.
The above took place after a deal I saw: I ordered 3 bottles online from Target. Pick up within 3 days 35 miles away. At time of pickup I would get a $5 coupon, thereby reducing the $23 total to $18. I didn't make it in time, so the items were returned to the shelf. Instead of refunding the full $23 back to my account, they refunded $18 (docked $5, likely for "re-shelving").
Nivea products went up everywhere. I am seeing it here, overseas. It's my favorite brand and it cost now double, comparing to last year. All other cosmetics/beauty products went up a lot too. It's not a phenomenon happening just in the US.
Reshelving fees are normalcy now. People are returning way too many items. It takes a man power to reindex them and put back on the shelf. It shouldn't be free. Maybe some people will be more careful ordering and returning unwanted items, it became epidemic.
Rising prices looks to be a combination of global inflation, exchange rates, country mandated climate change items (Germany requires a company do it at all global locations) and availability of resources. The cost of their ingredients went up 17% (exchange rate, inflation, switching resource providers)
The Ukraine war and sanctions has a much bigger effect in Europe.
Yesterday I was up in the city so I went in and I talked to the store manager about why I couldn't make it in by the end date, showing him the order and the refund email. He gave me a $5 gift card for the store. I told him I'd already found another option and he just said that's ok. There are legitimate reasons why people don't make it in on time.
We'll see if prices on things come down, just like it did with eggs several months ago. Totally different items, but I'll be watching just the same.
Rising prices looks to be a combination of global inflation, exchange rates, country mandated climate change items (Germany requires a company do it at all global locations) and availability of resources. The cost of their ingredients went up 17% (exchange rate, inflation, switching resource providers)
The Ukraine war and sanctions has a much bigger effect in Europe.
And then the stores are dealing with increased shrinkage [ie shoplifting] so they are increasing the price as well, and not having sales like they used to.
And yes the "transitory" inflation is not going away.
Yesterday I was up in the city so I went in and I talked to the store manager about why I couldn't make it in by the end date, showing him the order and the refund email. He gave me a $5 gift card for the store. I told him I'd already found another option and he just said that's ok. There are legitimate reasons why people don't make it in on time.
We'll see if prices on things come down, just like it did with eggs several months ago. Totally different items, but I'll be watching just the same.
You won't see that in manufactured goods. Eggs is a raw commodity and those high prices were because of supply and demand....hundreds of millions of chickens culled due to bird flu while the demand was unchanged.
Just because a price goes up doesn't mean it's price gouging. Price gouging is very specific:
Price gouging occurs when, in the wake of an emergency, sellers of a certain necessary goods sharply raise their prices beyond the level needed to cover increased costs.
Most people feel that price gouging is immoral, but your example isn't price gouging.
There was no emergency. There are so many alternative skin creams and lotions. I am confident that you can find one at your price point.
Skin cream is not a necessary product.
Interesting that you accepted a gift card for the store despite your failing to fulfil your part of the agreement: pick up the item within three days.
Don't you think there is something immoral about accepting a gift card when the failing was yours, not the store's fault? And you didn't even make the purchase for which you agreed?
All in all, sounds like you benefitted from your alleged "price gouging".
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