‘Big Mistake’: After Stock Drops Almost 12%, Best Buy Apologizes For Price-Gouging Texans For Water

Crime, News

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.

 


“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.

 


(Article By Jeremiah Jones)

Leave a Comment