It makes sense that this prohibits doubling an item's price briefly then putting it back down and advertising it as 50% off
But if I'm understanding, this also means:
1. If you decrease a price incrementally you can only advertise a smaller discount (€100 -> €50 is "50% off", whereas €100 -> €50 -> €40 in same period can only be "20% off" because now €50 is a prior price)
2. You cannot advertise brief regular sales, like if you want to offer 50% off on the last friday of a month, because the previous sale was too close (even though it's at full price 97% of the time)
Which seem like unintentded consequences. I think using something like 25th percentile price over the last 60 days may have made more sense.
You can reduce it all you want. What you can't do is say "this house is 50% off" because you doubled the asking price for half an hour the previous week and then dropped it again.
It's a false advertising issue, not price controls.
Ukv|1 year ago
But if I'm understanding, this also means:
1. If you decrease a price incrementally you can only advertise a smaller discount (€100 -> €50 is "50% off", whereas €100 -> €50 -> €40 in same period can only be "20% off" because now €50 is a prior price)
2. You cannot advertise brief regular sales, like if you want to offer 50% off on the last friday of a month, because the previous sale was too close (even though it's at full price 97% of the time)
Which seem like unintentded consequences. I think using something like 25th percentile price over the last 60 days may have made more sense.
panny|1 year ago
mtmail|1 year ago
rsynnott|1 year ago
It's a false advertising issue, not price controls.
unknown|1 year ago
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