Thursday, August 13, 2009

Best Buy offering Unbelievable prices during the recession.

About two weeks ago I have told you about the launch of Palm Pre and the Pricing mistake that Best Buy did (issued it at a fantastic price of $99). Did you think this was going to be the last mistake done as they would pay extra attention from now on? Unfortunately this was not the case...

Best Buy is apparently trying it's best to try to help customers through through the recession, but no one could have imaged that they could go as far as offering a 52-inch TV for just $9.99! It happened on Wednesday however as usual it was too good to be true.

As soon as the people noticed the price Bloggers and Twitterers lit up the Internet with posts about the offer, some insisting Best Buy must honor it, others making jokes. However the decision of the retailer this time, unlike with the Palm Pre mistake was not to honor the $9.99 price posted Wednesday morning on its Web site for a 52-inch Samsung flat-screen TV but to refund those that bought it. The price was then adjusted by early afternoon to $1,799.99, almost half off the original $3,399.99 price.

Obvious such repeated mistake left it's mark on the share price as it fell 27 cents to close at $36.50 Wednesday. Do you think they should at least subscribe to their own newsletter maybe in this way they can check their own best offers?

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