After stock prices plummeted, Best Buy has apologized to outraged consumers after a social media storm of complaints against a Houston area store charging $42 for a case of case of bottled water.
The image quickly went viral because it shows $42.96 cases of Dasani bottled water, next to a “limited supply” of “Smart Water” for $29.98 a case.
One Houston resident sent me a pic of water he saw being sold for *$42* at a nearby Best Buy. They were kind enough to offer $29 bottles too pic.twitter.com/8dKz3sJJM1
— ken klippenstein (@kenklippenstein) August 29, 2017
“As a company we are focused on helping, not hurting affected people,” Best Buy told Business Insider. “We’re sorry, and it won’t happen again.”
The company claims the “big mistake” was caused by an employee multiplying the price of a single bottle. The company says the price-gouging signage was only up on Friday and that the Cypress, TX store in question is now closed due to Hurricane Harvey.
Price gouging is illegal in Texas and the people have shown the will not put up with it.
Best Buy stock fell almost 12 percent Tuesday, in heavy trading, and it continues to drop as of Wednesday morning.
— Domain Mondo (@DomainMondo) August 29, 2017
(Article By Jeremiah Jones)