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TrianguloY | 4 months ago
Such a shop will not get the surge of "oh look a discount, let me buy it" consumers, but people will probably realize that this way when you need something you can buy it on the spot, and it will always have the best price no matter when.
Does a shop like this exist, or existed?
jasode|4 months ago
An ex-Apple executive who ran the Apple retail stores tried that strategy with JC Penney and it didn't work:
https://www.google.com/search?q=jc+penny+everyday+low+price+...
rrrrrrrrrrrryan|4 months ago
I think they would've needed a another year or two of runway though to turn the ship around and court an entirely new (non-overlapping) customer base, and the investors simply weren't willing to give them that much time.
Dylan16807|4 months ago
barney54|4 months ago
Factorio is a counter example. Factorio never goes on sale, which is kind of nice because when you buy it you know you couldn’t have gotten a better price, but without sales you aren’t as motivated to buy it for a lower price than usual.
wasmitnetzen|4 months ago
[1]: https://www.hornbach.de/services/die-hornbach-dauertiefpreis...
Der_Einzige|4 months ago
It’s nice to see brands which refuse to play by fast fashions games and who sell their products based on their quality.
Of course, these brands will often takes weeks or months to get you your item due to the waitlists. You can’t even get on the waitlist for a ship John 24 ox Willis waxed canvas jacket because they’re back ordered 6+ months.
pjc50|4 months ago
bombcar|4 months ago
Walmart tried to advertise this for decades as “always low prices” which worked pretty well, but even they have clearance (need to rotate shelf space or excess inventory) and rollbacks (price matching someone somewhere).
They do not have Kohls style “50% off everything if you jump through these hoops”.
20after4|4 months ago
rollbacks = raise the price then reduce it and pretend you lowered prices.
clearance = stuff that's been on the shelf for years for barely discounted prices.
Their tech clearances are often ridiculous. Things like 2GB sd cards for $25, marked down from $30 but that $30 price was from 10 years ago when 2GB was considered a large sd card.
Spooky23|4 months ago
Otherwise price is elastic and using price change to tweak sales when demand slacks or oversupply exists is smart business.
robocat|4 months ago
When a monopoly manufacturer sets the price of a good that has no equivalent, talking about elasticity makes no sense.
unknown|4 months ago
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averageRoyalty|4 months ago
Jallal|4 months ago
brorfred|4 months ago
CptanPanic|4 months ago