What would consumers think of an online company offering a Boxing Day Sale showing a discount of $770 on a $1000 item? The item shows 8 in stock.
This is not Myer but a rival on-line company.
The item is placed in the shopping basket, the product is paid for and a Tax Invoice is emailed to the customer. The next day later before the Boxing Day Sale finishes the on-line store still shows 5 items in stock.
A week later after the sale finished the stock level goes up to 15 and the price returns to $1000.
However the on-line company refunds the money saying that there is no stock available.
This is the sort of deceiptful, dishonest trading that Myer is up against in the e-commerce world.
This is deliberate BAIT advertising and it seems to be commonplace with some companies like Catch.
MYR Price at posting:
39.0¢ Sentiment: Buy Disclosure: Held
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