Has anyone else notice the trick developing
Has anyone else notice the trick developing
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ian in lancs

Original Poster:

3,853 posts

227 months

Sunday 28th December 2008
quotequote all
After the vat cut some retail prices seemed to be adjusted to reflect lower vat. However, I see the sale prices are rounded up to £x.99 etc and the return to retail is also at £x.99 etc.

So much for the vat reduction then

10 Pence Short

32,880 posts

246 months

Sunday 28th December 2008
quotequote all
It was always going to happen. The universal retail method that is x.99 is always going to be more important than a short term headline grabbing trick like the VAT cut.

paddyhasneeds

67,398 posts

239 months

Sunday 28th December 2008
quotequote all
Personally I don't see it as having any influence on whether I'd buy something or not.

Stating the obvious here I know, but keep in mind prices only ended in .99p because of the supposed psychological impact, not because the 17.5% VAT rate made it that way and it seems fairly obvious that they'll continue to price that way.

ian in lancs

Original Poster:

3,853 posts

227 months

Sunday 28th December 2008
quotequote all
paddyhasneeds said:
Personally I don't see it as having any influence on whether I'd buy something or not.

Stating the obvious here I know, but keep in mind prices only ended in .99p because of the supposed psychological impact, not because the 17.5% VAT rate made it that way and it seems fairly obvious that they'll continue to price that way.
precisely! So what was the cut all about!

10 Pence Short

32,880 posts

246 months

Sunday 28th December 2008
quotequote all
ian in lancs said:
paddyhasneeds said:
Personally I don't see it as having any influence on whether I'd buy something or not.

Stating the obvious here I know, but keep in mind prices only ended in .99p because of the supposed psychological impact, not because the 17.5% VAT rate made it that way and it seems fairly obvious that they'll continue to price that way.
precisely! So what was the cut all about!
Positive headlines for Labour.

sparkythecat

8,097 posts

284 months

Sunday 28th December 2008
quotequote all
paddyhasneeds said:
Personally I don't see it as having any influence on whether I'd buy something or not.

Stating the obvious here I know, but keep in mind prices only ended in .99p because of the supposed psychological impact, not because the 17.5% VAT rate made it that way and it seems fairly obvious that they'll continue to price that way.
So why not .97p ?

They'd still be a halfpenny up.

ian in lancs

Original Poster:

3,853 posts

227 months

Sunday 28th December 2008
quotequote all
10 Pence Short said:
ian in lancs said:
paddyhasneeds said:
Personally I don't see it as having any influence on whether I'd buy something or not.

Stating the obvious here I know, but keep in mind prices only ended in .99p because of the supposed psychological impact, not because the 17.5% VAT rate made it that way and it seems fairly obvious that they'll continue to price that way.
precisely! So what was the cut all about!
Positive headlines for Labour.
not so they can borrow more money whilst reducing income then.

paddyhasneeds

67,398 posts

239 months

Sunday 28th December 2008
quotequote all
sparkythecat said:
paddyhasneeds said:
Personally I don't see it as having any influence on whether I'd buy something or not.

Stating the obvious here I know, but keep in mind prices only ended in .99p because of the supposed psychological impact, not because the 17.5% VAT rate made it that way and it seems fairly obvious that they'll continue to price that way.
So why not .97p ?

They'd still be a halfpenny up.
Factually speaking, many retailers use .97p as a means of designating an item end of life/clearance.

If you walk into even a modest sized store, let alone John Lewis or a PC World it doesn't take a genius to work out that unless you're selling high cost items the cost to print and re-ticket every single item is most likely more than any short term sales increase.

I mean seriously, can anyone here say they have purchased anything of significant value solely because of the VAT reduction?

EvoBarry

1,903 posts

294 months

Sunday 28th December 2008
quotequote all
My missus dragged me into the Pound Shop the other day, and commented that their prices hadn't dropped either lol biggrin

Brown and Boris

11,838 posts

264 months

Sunday 28th December 2008
quotequote all
ian in lancs said:
After the vat cut some retail prices seemed to be adjusted to reflect lower vat. However, I see the sale prices are rounded up to £x.99 etc and the return to retail is also at £x.99 etc.

So much for the vat reduction then
Yes, I had noticed. Claiming they had knocked £75 off to say £274, and claiming the original price was £349 when in fact the first few quid was the VAT reduction.Must think we are stupid. Oh, we are.

Broccers

3,237 posts

282 months

Sunday 28th December 2008
quotequote all
EvoBarry said:
My missus dragged me into the Pound Shop the other day, and commented that their prices hadn't dropped either lol biggrin
Pikey.