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Originally Posted by Cynthetiq
Again, I'm deferring to the fact that capitalism is alive and well. If I want to provide products for my customers at a particular amount, then that is what I will look for. Look at the dollar stores. They exist in all areas and countries (while not a dollar but the equivalent.)
Consumers don't want to spend alot on goods that they cannot tell the difference in quality. Period. Plain and simple.
Do you want to know OTHER companies that did this? Garment manufacturers in NYC all went out of business in the Garment district in the 90s. What caused it? The competition of lower wages via NAFTA.
What did designers say to the manufacturers? I want it at this price... if you can't provide it at this price, I'll take my business elsewhere. The company I worked for is barely eeking a living now when before they were a wonderful cash business that thrived in a recession economy in the early 90s.
Again, capitalistic society, capitalistic market forces.
It's just like the real estate market, buyer's market and seller's market. You hope that when your time comes that you are on the right side of the fence whichever that may be.
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Rubbermaid WAS SELLING. WTF........ ok I own a store, I'm selling widgets made by company A and they are selling great. My customers don't complain about the price.... they're satisfied with the quality of the product and pay the price asked.
But I go and buy part of company A's competition, company B and promote them.
People still buy company A's product because it is superior and company B's product sits there unsold.
So I lower the price on company A's product to where they lose money and tell them to either accept it or be pulled. I know what the answer will be so I load up on company B.
I pull company A, load up on company B. Then since I own part of company B, I reap the rewards.
By pulling company A, I also know they have to raise their prices at my competitors stores also, thereby making me more suitable because I offer lower prices.
To say this is ok or this is how business is ran and be accepting of it, is suicidal to the economy. This is not capitalism, you are not letting the market set the price..... THEY ALREADY HAD. You are manipulating the market, to get the price you want and the product you want sold sold.
Sooooooo if people couldn't tell the difference in quality, why did Rubbermaid with a higher price still outsell Sterilite, until Wal*Mart had to set a price and literally pull them off the shelves?????????
There is no way to defend this except for the "well the stock now is....."
or wellll noone notices quality they just look at price....... BULLSHIT, that was NOT the case. The people WERE BUYING it and leaving the cheaper product on the shelves.