Bestbuy's monopoly on electronics in canada

[gtx1060=value]

So, this black friday, i purchased a 24 inch lg monitor to add to my programming setup, i bought it from bestbuy at 120 dollars, after ridiculous canadian taxes, it came out to 150 dollars , i only bought it from bestbuy because they said it was 40 percent off, from 200 ish dollars, but, i went on newegg to find the specs of the monitor to calculate the amount of bandwith needed for it, (Based on 3 bytes/pixel) and it said that the monitor's original price was 145 dollars. Is this another case of price inflation, and then pretending to have a huge sale when it's really only 10 percent off? I want your opinions on this bullshit that Bestbuy calls a "black friday doorbuster"

 

http://www.bestbuy.ca/en-ca/product/lg-electronics-lg-24-fhd-60hz-5ms-gtg-tn-led-monitor-24m38d-b-aus-black-24m38d-b-aus/10440826.aspx?path=72396effd2c1667e143154e143cf00e3en02\

link to bestbuy website - apparently, they are pricing it 100 dollars more than newegg is

http://www.newegg.ca/Product/Product.aspx?Item=0JC-000D-004V7&cm_re=24m38d-_-0JC-000D-004V7-_-Product

 

Edit: After being told that bestbuy's pricing strategies are legal but kinda scummy, i have changed this topic to a more important topic, bestbuy's monopoly on electronics in canada - they closed down futureshop, there are no other big chain stores that canadians go to aside from costco - newegg sorta counts but they are mostly online and most people don't know about them - bestbuy and amazon and ebay have a monopoly on google searches SEO wise, comments would be appreciated

[aisle9]

The only good deal at Best Buy is the one you get by bringing in a Newegg listing and telling them to match it.

[79wjd]

There is nothing wrong with listing the MSRP. Not to mention, not all stores list all items at the same full price (even when there are no sales).

[Guest]

that's how it works. 

 

and MSRP is MSRP. 

[Guest]

1 minute ago, aisle9 said:

The only good deal at Best Buy is the one you get by bringing in a Newegg listing and telling them to match it.

Wonder if it will work if I tell them that their Water cooler 1080 costs more than the cheapish Asus Turbo

[Enderman]

1) literally every sale lists "X percent off" the MSRP, and it pretty much is never sold at MSRP, always under it.

This is the same for ALL stores and ALL products.

Literally every kid knows that marketing works like that.

 

2) It's not a scam or false advertising either.

[gtx1060=value]

On 12/8/2016 at 8:46 PM, djdwosk97 said:

There is nothing wrong with listing the MSRP. Not to mention, not all stores list all items at the same full price (even when there are no sales).

well, 120 vs 135 is still a better price - but right now im just concerned about how bestbuy prices

[Simurgh]

The real scam are those bezels. Things are PHAT

[dalekphalm]

8 minutes ago, gtx1060=value said:

So, this black friday, i purchased a 24 inch lg monitor to add to my programming setup, i bought it from bestbuy at 120 dollars, after ridiculous canadian taxes, it came out to 150 dollars , i only bought it from bestbuy because they said it was 40 percent off, from 200 ish dollars, but, i went on newegg to find the specs of the monitor to calculate the amount of bandwith needed for it, (Based on 3 bytes/pixel) and it said that the monitor's original price was 145 dollars. Is this another case of price inflation, and then pretending to have a huge sale when it's really only 10 percent off? I want your opinions on this bullshit that Bestbuy calls a "black friday doorbuster"

 

http://www.bestbuy.ca/en-ca/product/lg-electronics-lg-24-fhd-60hz-5ms-gtg-tn-led-monitor-24m38d-b-aus-black-24m38d-b-aus/10440826.aspx?path=72396effd2c1667e143154e143cf00e3en02\

link to bestbuy website - apparently, they are pricing it 100 dollars more than newegg is

http://www.newegg.ca/Product/Product.aspx?Item=0JC-000D-004V7&cm_re=24m38d-_-0JC-000D-004V7-_-Product

Err so you're mad that NewEgg has a lower regular price compared to Best Buy? That kind of stuff happens all the time. As others have mentioned, regardless of what NewEgg lists the regular price as, the MSRP doesn't change. No retailer has to adhere to - or even list - the MSRP of a product.

 

Rather then blindly buy the monitor from Best Buy, you should have shopped around first to actually ensure that they have the lowest price. PCPartPicker is one method of doing this, or ShopBot (Though I don't know how popular that site is these days).

 

But in the end:

1. No, Best Buy didn't scam you

2. Yes, their sale price was still cheaper then NewEgg

3. You still saved money

[Drak3]

Best Buy's sales are based on the MSRP, not the competition.

They will price match IF you can PROVE that a competing retailer sells the particular product at a cheaper price.

[gtx1060=value]

1 minute ago, Enderman said:

1) literally every sale lists "X percent off" the MSRP, and it pretty much is never sold at MSRP, always under it.

This is the same for ALL stores and ALL products.

Literally every kid knows that marketing works like that.

 

2) It's not a scam or false advertising either.

it just seems sort of scummy to do that, not every store lists sales off msrp, but it seems that in canada bestbuy has a monopoly on the electronics aside from newegg so they can charge whatever they want

[SCHISCHKA]

2 minutes ago, Jon1764 said:

Best Buy is generally more expensive due to many factors such as more physical locations, staff to pay, insurance, liberal return policy, etc. Newegg is cheaper because afaik they only have 1 physical location (office) in Markham, so they don't need to pay extra costs.

im not familiar with either of these companies as i do not live in north america but isnt newegg like ebay where they have multiple sellers?

[gtx1060=value]

6 minutes ago, aisle9 said:

The only good deal at Best Buy is the one you get by bringing in a Newegg listing and telling them to match it.

 

6 minutes ago, djdwosk97 said:

I think you're an idiot if you're not smart enough to shop around. There is nothing wrong with listing the MSRP. Not to mention, not all stores list all items at the same full price (even when there are no sales).

 

5 minutes ago, Alexokan said:

that's how it works. 

 

and MSRP is MSRP. 

 

4 minutes ago, deXxterlab97 said:

Wonder if it will work if I tell them that their Water cooler 1080 costs more than the cheapish Asus Turbo

 

3 minutes ago, Jon1764 said:

Best Buy is generally more expensive due to many factors such as more physical locations, staff to pay, insurance, liberal return policy, etc. Newegg is cheaper because afaik they only have 1 physical location (office/hybrid centre) in Markham, so they don't need to pay the amount that Best Buy does for day to day operations of all physical location.

 

That being said, there are companies that do scammy stuff with sale prices, so the only way to protect yourself is to look at historical price changes a few months before the sale to see how the price changes. If the price suddenly goes up, then they discount it for the difference then it is most definitely a scam, and I'm sure illegal.

 

 

3 minutes ago, Enderman said:

1) literally every sale lists "X percent off" the MSRP, and it pretty much is never sold at MSRP, always under it.

This is the same for ALL stores and ALL products.

Literally every kid knows that marketing works like that.

 

2) It's not a scam or false advertising either.

 

2 minutes ago, Simurgh said:

The real scam are those bezels. Things are PHAT

 

1 minute ago, dalekphalm said:

Err so you're mad that NewEgg has a lower regular price compared to Best Buy? That kind of stuff happens all the time. As others have mentioned, regardless of what NewEgg lists the regular price as, the MSRP doesn't change. No retailer has to adhere to - or even list - the MSRP of a product.

 

Rather then blindly buy the monitor from Best Buy, you should have shopped around first to actually ensure that they have the lowest price. PCPartPicker is one method of doing this, or ShopBot (Though I don't know how popular that site is these days).

 

But in the end:

1. No, Best Buy didn't scam you

2. Yes, their sale price was still cheaper then NewEgg

3. You still saved money

 

1 minute ago, Drak3 said:

Best Buy's sales are based on the MSRP, not the competition.

They will price match IF you can PROVE that a competing retailer sells the particular product at a cheaper price.

changing title to bestbuy's monopoly on electronics in canada

[79wjd]

1 minute ago, gtx1060=value said:

it just seems sort of scummy to do that, not every store lists sales off msrp,

most companies do exactly that including newegg and amazon.

[Drak3]

Just now, gtx1060=value said:

 

 

 

 

 

 

 

 

changing title to bestbuy's monopoly on electronics in canada

Newegg...

Amazon....

The manufacturers of half the products they sell.........

[dalekphalm]

1 minute ago, gtx1060=value said:

it just seems sort of scummy to do that, not every store lists sales off msrp, but it seems that in canada bestbuy has a monopoly on the electronics aside from newegg so they can charge whatever they want

How is that scummy? Their price is their price. Best Buy lists their sale based off of the regular price they sell it at. This is often similar or exactly the same as the MSRP, but not always.

 

Do your research, man.

1 minute ago, gtx1060=value said:

 

 

 

 

 

 

 

 

changing title to bestbuy's monopoly on electronics in canada

Err how does Best Buy have a monopoly on electronics?

 

You can probably buy that monitor at NCIX, NewEgg.ca, Canada Computers, possibly even Staples.

[ARikozuM]

13 minutes ago, gtx1060=value said:

 (Based on 3 bytes/pixel)

Depends on how many bits your color depth uses.

[SCHISCHKA]

12 minutes ago, gtx1060=value said:

I want your opinions on this bullshit that Bestbuy calls a "black friday doorbuster"

i find things on sale are just stock clearance of stuff that have not sold well or they will heavily discount one product only and the rest will be a few dollars off

[gtx1060=value]

1 minute ago, dalekphalm said:

How is that scummy? Their price is their price. Best Buy lists their sale based off of the regular price they sell it at. This is often similar or exactly the same as the MSRP, but not always.

 

Do your research, man.

Err how does Best Buy have a monopoly on electronics?

 

You can probably buy that monitor at NCIX, NewEgg.ca, Canada Computers, possibly even Staples.

but do most canadians walk into NCIX, go on newegg, or go to canada computers for electronics? And staples is notorious for high pricings in canada

[gtx1060=value]

it's not exactly a monopoly per se - but for the average canadian, the only electronics store they go to is bestbuy and maybe costco

[ARikozuM]

1 minute ago, gtx1060=value said:

it's not exactly a monopoly per se - but for the average canadian, the only electronics store they go to is bestbuy and maybe costco

Correction:

1 minute ago, gtx1060=value said:

it's not exactly a monopoly per se - but for the average canadian, costco for everything

 

[Enderman]

5 minutes ago, gtx1060=value said:

it just seems sort of scummy to do that, not every store lists sales off msrp, but it seems that in canada bestbuy has a monopoly on the electronics aside from newegg so they can charge whatever they want

I get almost everything from amazon or ncix or memory express...

And "scummy" is the reality of all marketing and advertising, the point is to sell and make money.

If you are upset about it working on you then you might need to do a bit more research and learn to objectively search for products rather than impulse buying based on looking at the price tag.

It also seems like you still haven't figured out how taxes work, since you're so surprised about $120 turning into $150.

[dalekphalm]

Just now, gtx1060=value said:

but do most canadians walk into NCIX, go on newegg, or go to canada computers for electronics? And staples is notorious for high pricings in canada

http://www.shopbot.ca/m?q=LG+24M38D

 

As you can see, that monitor is available at like a dozen Canadian e-retailers.

 

And yeah... lots of Canadians walk into NCIX and Canada Computers for electronics. Not so much NewEgg, as they don't have a physical store that I'm aware of.

 

Staples can have high prices, but they sometimes have very low prices too. If anything, Best Buy is notorious for the high prices.

 

1 minute ago, gtx1060=value said:

it's not exactly a monopoly per se - but for the average canadian, the only electronics store they go to is bestbuy and maybe costco

The average gamer blindly buys NVIDIA GPU's too - that doesn't take away the fact that you can buy AMD GPU's at pretty much any store that sells Computer Parts.

[Mira Yurizaki]

What, Canada doesn't have a do-everything store like Target or Walmart?

[Shiv78]

Actually, I've gotten a lot of good deals at BestBuy - Asus ZenWatch 2 for $80, seen G610s for $60, G810 for $80, G502 for $40, hyperX Stinger for $35, etc.

 

Mostly they scam you on GPUs tho, saw a 1050Ti for $400 (probably a pricing mistake but STILL lmao)