Are You A Pricehacker?
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
This is a test contextual ad for the SHOPPING category. It should appear on all SHOPPING entries, unless the subcategory has its own ad.
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Comments:
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.
what's price hacking?
This article is really vague.