Some of these small pendant lights show as regular price $120+ and now $20. I mean the MSRP is just ridiculous on these.
I'd only purchase two of the last three listed as alpha . I agree with some msrp being elevated but no way ur finding either of those alpha lights for 20-30$ . It has current styling and looks nice . Obviously I don't know the quality but after renovating an entire house I never found anything remotely current in the 20-30$ range for lights. At least nothing that fits our style (not looking like the generic Lowes/HD lights put in rentals )
If you think logically why do they give 70 or 80% discount. Was it priced to the moon earlier ?
It's called clearance for a reason - as someone else already noted, they're clearing remaining inventory that is either discontinued by the MFR, or the store is choosing to no longer carry it (for whatever reason).
Retail markup varies depending on the item, but it often hovers between 30-100% of what the retailer's cost is for that item (sometimes even more for things like appliances). For example, they may pay $50 for some of these lights and mark them up to $100 for their regular price. For deals like this, where items are over 70% off the normal 'retail' price, the store's likely selling that item at or below cost so they can clear inventory out to make way for something else.
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If you think logically why do they give 70 or 80% discount. Was it priced to the moon earlier ?
They may be discontinued by the manufacturer or Lowe's is no longer gong to carry them.
Yes. Marketing. There is no regulatory that controls what msrp should be. Just plain stupid consumers that fall for a sales tactic.
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I'd only purchase two of the last three listed as alpha . I agree with some msrp being elevated but no way ur finding either of those alpha lights for 20-30$ . It has current styling and looks nice . Obviously I don't know the quality but after renovating an entire house I never found anything remotely current in the 20-30$ range for lights. At least nothing that fits our style (not looking like the generic Lowes/HD lights put in rentals )
Retail markup varies depending on the item, but it often hovers between 30-100% of what the retailer's cost is for that item (sometimes even more for things like appliances). For example, they may pay $50 for some of these lights and mark them up to $100 for their regular price. For deals like this, where items are over 70% off the normal 'retail' price, the store's likely selling that item at or below cost so they can clear inventory out to make way for something else.