Subject:
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Re: New York Times on Walmart Pricing
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Newsgroups:
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lugnet.market.theory
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Date:
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Fri, 26 Dec 2003 07:26:17 GMT
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Viewed:
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2243 times
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In lugnet.market.theory, Larry Pieniazek wrote:
> (but only if
> everyone fills out the rebate... I guess you can argue that they make their
> money on those people who don't, they cover everyone.)
I once (politely) complained to a Best Buy employee about their fondness for
rebates. He agreed, and said that customers claim only about 40% of possible
rebates. On one level that irks me, but in another sense I am glad to have that
60% subsidize lower prices for cheapskates such as myself who are willing to
jump through the extra hoops for the rebates.
On a somewhat-related topic, I read that US$4 billion goes unclaimed each year
in store gift cards and credit vouchers and reverts back to the vendors. I
wonder how many rebate dollars go unclaimed each year?
Steve
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