Originally Posted by jh901
Right, but "on point" for a retailer is a rip-off. I usually look at MSRP and knock 30% right off. Then I'll talk. The consumer is going to be king one of these days, but for now we do what we can.
This kind of thinking is the reason why so many brick-and-mortar stores are in distress, and why CE companies aren't making money. Penny-pinching consumers have made it almost impossible for them to make a fair or even sustainable profit. MSRPs have dropped like a rock over the past 8 years to the point that they can't get much lower without compromising quality. And this year they've lowered them another $100 bucks on the smaller sizes and $200 on the larger sizes.
Last year i was watching the 50GT50 at Amazon since it debuted and over the next several months the lowest prices were hovering around the $1,349 to $1,529 range so when i happened to duck into a BB last summer while the wife was in the market next door the Magnolia section had it for $1,399 (22% off MSRP) so i bought it on the spot and we took it home with groceries piled on top of it. Back in 2005 their 50" Plasma was street priced for literally 3 times the amount i paid in 2012.
Last year Best Buy was more competitive with the online sellers than it had ever been, but i would never expect them to beat an online seller that has much less overhead nor would i want them to - that's why B&M stores close down. I've been critical of BB's business practices over the years but they've been getting better and much more competitive than they had been, even without price matching. I rewarded them by buying from them and eating the sales tax. I helped the local economy, got the TV instantly without having to wait for shipping, and had the peace of mind knowing that i could return it easily if i needed to. And i still got a great deal compared to the online sellers.