Remember those price code hack posts we wrote earlier this month? MONEY magazine is working on a feature about ‘em.
If you’re knowledgeable about how these price code hacks work and wish to share, contact Josh Hyatt: josh_hyatt at moneymail dot com
He’s looking for both consumers who are pricehackers, and people who work/worked in retail and can confirm this practice. — BEN POPKEN
Previously:
More Price Tag Codes Decrypted
Target Price Drop Hack
what’s price hacking?
This article is really vague.
Money is not looking for you, then.
Try reading the articles linked.
I still think the Target tags don’t count- Targwet clearly labels all of those items and groups them on clearnace shelves- you have to be illiterate not to know those are discounts.
Places that DO cvhange prices without announcement are Sam’s, Costco, etc. There’s a Bay Area man who did a segment outlining his tricks in club stores.
My wife figured out The Gap (all brands). When they first put clothes on the rack they use pre-printed prive tags. When they begin marking down items they use a pricing gun sililar to what grocery stores used to use. When the item is say $9.99 that indicates a first reduction becuase the item ends in a 9, the next reduction would then be down to say $7.98 , hence the 8 and ALL Final markdowns will always end with a 7, say $6.97 for the above example. She asked a clerk one day who told her. My guess is it makes their lives easier and will help move some merch. if consumers know that they’ve reached the pricing floor.