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Best Buy raises prices on DVD

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Best Buy raises prices on DVD

Old 10-06-02, 03:48 AM
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eau
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Best Buy raises prices on DVD

I went to Best Buy today and was surprised to see some price increase on DVDs (Anime especially).

Neon Genesis Evangelion Perfect Collection - old price $109.99 new $129.99
Jin-Roh Special Edition - old $49.99 new $51.99
...

Scorpion King LE was $33.99 but the old tag beneath the new tag was $27.99. The second Best Buy I went to today had the old tag $27.99 intact without the new price over it. It could very well be that they decided to increase the price at the last minute.

There is one DVD that runs cheaper now. Escaflowne Ultimate Edition. It used to be $49.99. The new price is $46.99.
Old 10-07-02, 11:45 PM
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I had to do the price changes on DVD's last week. 15 pages of price changes, 80% of them were increases.
Old 10-07-02, 11:55 PM
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Civic do you know why? BB was beginning to be one of my favorite stores because their prices were competitive before the digital coupons. Why raise them now? I wouldn't buy there if their prices were competitive AFTER the digital coupon.
Old 10-08-02, 12:06 AM
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Yeah, I noticed they raised the price on Jackie Brown from $19.95 to $22.95.
Old 10-08-02, 01:45 AM
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Now that they have a bunch of customers counting on them always having the cheapest prices on DVDs, they raise their prices. Makes sense to me.
Old 10-08-02, 02:56 AM
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"Hook, line, and sinker... now reel them in!!" -- Best Buy corporate office.
Old 10-08-02, 01:39 PM
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It sounds like they have taken a page from their acquisition's book: Musicland. Every month prices change in Suncoast. Their theory is that by raising some movies a few dollars they offset any lowering prices or sales that they may run. In a few months the prices on those raised will go back down and something else will go up.
Old 10-08-02, 01:42 PM
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Originally posted by MrN
Now that they have a bunch of customers counting on them always having the cheapest prices on DVDs, they raise their prices. Makes sense to me.
Truth of the matter is that there is no one store with lower prices than anybody else. You should always shop around, there is no real cause for loyalty. Companies don't really care whether their customers are loyal or not, they just want the quick sale now. Best Buy's advantage is that, in many areas, they are the only store that actually has variety and selection.
Old 10-08-02, 01:50 PM
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Originally posted by MrN
Now that they have a bunch of customers counting on them always having the cheapest prices on DVDs, they raise their prices. Makes sense to me.
Yes, and it makes sense for me to shop elsewhere now. Maybe I'll be there on Black Friday, but I doubt before then...
Old 10-08-02, 01:58 PM
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Funny that they take forever to drop prices when studios isssue markdowns but they waste no time in doing markups.
Old 10-08-02, 06:26 PM
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Thus their name is false advertising.
Old 10-08-02, 07:15 PM
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could this just be an early sign of them jacking up the prices for christmas?
Old 10-08-02, 08:14 PM
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If Best Buy is doing this what's to stop their competition Cicruit City from doing the same with thier DVD prices?
Old 10-08-02, 10:27 PM
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Yes this is true, I work part time at the dvd/music/games and we are raising the price on dvds and cds. Usually on mondays I get 2-3 sheets of papers for prices changes and they are usually prices to go down. Then my boss told me one day you going to have to change a crapload of price tomorrow like, im like WTF. Then i asked so they going down for the holidays and he said no. He said they are all raising the price, I asked why and he said that Best Buy wanted a better margin for the dvd sales. I'm like thats gay, I buy alot of dvds and it sucks. Most new dvds will be the same price, its mostly the older dvds, ones that are 14.99 will become 17.99, most couple dollars. sometimes they will do a big markup.
Old 10-08-02, 11:01 PM
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I noticed it this week.
It is almost a relief. If they want me to stop impulse buying DVDs, then they are going about it the right way.
I'll give Circuit City my "catalog" money.

It was quite shocking, if anything, they need to discount most of their stock. $19.99 for Groundhog Day SE when Cliffhanger SE is $8.99? Same company, same type of packaging.

Doug
Old 10-08-02, 11:49 PM
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I've noticed that lots of ~$20 MSRP DVDs at Best Buy sell for $17.99. This isn't really anything new, I've noticed this since last year, on the Hammer Mummy, as well as a few others.

And yes, Best Buy is also slow to lower the prices when MSRPs go down.

Still think it's funny that the Buffy S2 DVD sets at BB are stickered at $69.99 -- a whopping $10 over MSRP. I thought $60 bucks retail for 22 eps over six discs was a great deak, and apparently Best Buy did as well.

The only time I'll ever pick up anything at Best Buy is when they have something decent on sale at a decent price. Otherwise, I won't bother with them. DDD gets a lot of my business now.
Old 10-09-02, 12:05 AM
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My local Best Buy did this type of stuff when they initially opened at the same time as the Circuit City down the street (which I now work at). BB's prices were about 2-3 dollars cheaper on most cds and movies. Then after about 2 months, all the prices got bumped up to CC's prices once they had established themselves. Now I notice that BB prices alot of their 29.99 MSRP titles at 22.99 whereas we put them at 19.99.
Old 10-09-02, 09:45 PM
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I was at Best Buy today and the Evangelion Perfect Collection is still $109.
Old 10-10-02, 01:20 AM
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Originally posted by William Wallace
I was at Best Buy today and the Evangelion Perfect Collection is still $109.
It's mostly likely that they missed to retag it. It would scan at $129.99.
Old 10-10-02, 03:05 AM
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Time to shop somewhere else.
Old 10-10-02, 08:07 AM
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i was in BB last night and within a couple of minutes in the DVD section, two different guys asked if they could help me. i wanted to ask them what the deal was with the price raising but i thought the better of it. i try not to ask any question in there unless i absolutely have to due to the incompetance of the employees.
Old 10-10-02, 08:56 AM
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This must be why my brother's SNL collection (4 DVDs) rang up at $48.99 last week when the sticker said $39.99. Man, if you're going to raise prices, at least change them.

Respect fading away...
Old 10-10-02, 11:00 AM
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Best Buy is now becoming WORST Buy. The price on practically every DVD I looked at last night had been jacked up (e.g. M*A*S*H Season 2, was $29.99 now $33.99, and plenty of others).

And we're not talking a $1 increase on some titles; it's more like a $3-$5 increase on an incredible amount of titles. Without a doubt it is time for me to take my DVD business elsewhere for those "staple" titles (which is mainly what BB had anyway).

Great move.
Old 10-10-02, 02:19 PM
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the economy is slowing down and best buy isnt making as much money as the projected. Take a look at their stock. Geez, give em a break.
Old 10-10-02, 04:56 PM
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Originally posted by vwbeetlvr
the economy is slowing down and best buy isnt making as much money as the projected. Take a look at their stock. Geez, give em a break.
Their stock is still doing better than a lot of other companies. And besides, who cares about feeling for them when we're talking about sure things like DVDs? They pay so little for them with their volume that they can EASILY afford to sell many for 40-50% off in the initial 4-5 days of release and 20-30% off thereafter.

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