Subject:
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Re: Class Action suit against KB toys
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Newsgroups:
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lugnet.market.theory
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Date:
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Mon, 25 Aug 2003 12:36:48 GMT
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Viewed:
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1843 times
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In lugnet.market.theory, David Laswell wrote:
> Specifically, the original plaintiff seems ticked off that they are listing
> "original" prices that were well over MSRP, but KB often does sell stuff
> with jacked-up prices, so I don't know that this guy's argument will hold
> any water, but it'll be interesting to see what happens.
Honestly, I cannot belive this case went forward and that the guy even won.
Seems like the court made a pretty incredible ruling.
MSRP is the SUGGESTED retail price. Individual retailers should be permitted to
sell at whatever price they choose for whatever reason. Also, it is important
to note that the MSRP we are used to for Lego is that price usually charged by
merchants who buy their stock DIRECTLY from Lego and pay no additional
wholesaler's fee. Many indenpendent toy retailers buy their stock through
wholesalers such as Marz Distribution and, thus, have a higher cost. A look at
Marz's MSRP listings used to show higher retail prices for resellers because any
wholesalers has to charge something for their services. (As for Marz
Distribution, I am not sure they carry Lego any more as none is accessible from
their website, despite trying to find it by manipulating URLS).
Okay, so I know KBToys has inflated prices, but that just means I only buy
severaly discounted stuff from them. KBToys is in business to sell to the
uneducated consumer, in my opinion, who does not have knowledge of real-world
pricing. So be it. I say let them do it and keep doing it, this is a free
market economy.
Even so, I can't wait until the settlement terms kick in. I will be traveling
around to KBToy stores to buy up as many good deals as I can find!
__Kevin Salm__
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Message has 4 Replies:
 | | Re: Class Action suit against KB toys
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| In lugnet.market.theory, Kevin Salm wrote: <SNIP OF PREVIOUS MESSAGE> (...) <Additional Snip> You should note, however, that some states, at least, cover this matter under "truth in advertising" laws. Massachusetts prohibits advertising items as (...) (21 years ago, 25-Aug-03, to lugnet.market.theory)
| | | Re: Class Action suit against KB toys
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| (...) Did he actually win? Anyways, if he did, I think I know exactly why he did. I remember hearing how, in the early-mid 1900's, big department stores would run these scams where they'd advertise some huge percentage discount off of everything in (...) (21 years ago, 25-Aug-03, to lugnet.market.theory)
| | | Re: Class Action suit against KB toys
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| "Kevin Salm" <kdsalm@dreamscape.com> wrote in message news:HK6DpC.A16@lugnet.com... (...) won. (...) permitted to (...) important Kevin, I think that you are misreading the purpose of the lawsuit. The problem isn't with KB selling stuff above MSRP. (...) (21 years ago, 26-Aug-03, to lugnet.market.theory)
| | | Marz Update (Re: Class Action suit against KB toys)
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| (...) An update regarding Marz... I got a license to buy LEGO from them a few months ago. (Their prices were too high for me to make money, only 10% off of MSRP) After waiting a while to get the license, I go to their site to discover that that day, (...) (21 years ago, 26-Aug-03, to lugnet.market.theory, FTX)
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Message is in Reply To:
| | Re: Class Action suit against KB toys
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| (...) Eh, not exactly. From the way it reads, they got ticked off about price tags being printed with simulated "hand-printed" red cross-offs and markdown prices being built in. I was sceptical about this simulated handwriting bit, so I looked (...) (21 years ago, 25-Aug-03, to lugnet.market.theory)
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