After a while I noticed that no price at wal-mart ends in the number 9. I find it to be very strange and cult-like. Has anyone else noticed this or know the answer (obviously a price that ends in 9 looks lower)
2007-11-11 12:47:48 · 5 answers · asked by Smokey_Nerd 1 in Business & Finance ➔ Corporations
The last penny is often a code for what pricing structure is used.
2007-11-13 05:27:39 · answer #1 · answered by Feeling Mutual 7 · 0⤊ 0⤋
There was a time when almost every product carried in a store was priced according to the cost at a set markup.Then Woolworth and the five and dime came into being. The price of all goods ended with a 5 or 0 hence the name. Some smart merchandiser began ending his prices with 9 so .19,29,39, etc appeared lower than 20,30,or 40. Now Wal-mart ends its sale prices with 7 or 8 making them lower than 9. Great sales gimmick for the country's largest retailer.
2007-11-11 22:06:00 · answer #2 · answered by googie 7 · 0⤊ 0⤋
Prices ending with .97 denote "sale" price - Walmart wants to be know as the store where everything is always cheaper and on sale - hence the .97 price tags.
2007-11-11 20:52:23 · answer #3 · answered by Anonymous · 0⤊ 0⤋
it's a superstition from sam walton....when he puts his first store [small store] he going to banckrupty in september 9...after that bad experience he swear to don't never use the number 9 on his stores.
2007-11-11 22:47:24 · answer #4 · answered by Anonymous · 0⤊ 0⤋
So people get back more than just a penny?
2007-11-11 20:54:57 · answer #5 · answered by Anonymous · 0⤊ 0⤋