CousinFizz
Sep 27, 2003, 06:42 PM
Check this out and go save some money... if your in the market why not.
Just something I saw while surfing the web..... :cool:
30% Off Everything at KB Toys
Posted by cnc137 on September 26, 2003.
KB Toys and its subsidiaries have to give a 30% discount on all sales of $30 or more the week of October 8 - 14, 2003 because they used unclear price tags in the past.
Here is the reason for the lawsuit:
"On September 3, 2002, Plaintiff filed the Action against the Defendants. Plaintiff sued individually on his own behalf and on behalf of the class of all Persons in the United States, District of Columbia, Territory of Guam and Commonwealth of Puerto Rico who purchased a product from Defendants' retail and online subsidiaries operating under the trade names "KB Toys" or "Kay-Bee Toys," including KB Toys, Kay-Bee Toys, Kay-Bee Toys & Hobby Shops, KB Toy Works, KB Toy Outlet, Toy Liquidator, KB Toys Express, KBtoys.com, KBkids.com and etoys.com, during the last five years, for which both a current purchase price and a higher comparative or "reference" price were displayed for the product.
Plaintiff alleges that Defendants implemented a pricing scheme that utilizes two different prices which are placed in near proximity of one another on price tags, on shelf tags, on in-store signs and in retail and online advertisements. One price, a comparative or "reference" price, is printed in black ink and then crossed out in red ink. A lower, second price, which the consumer must pay to purchase the product, is displayed in simulated handwritten red ink. Plaintiff alleges that the comparative or "reference" price for the product is not the prevailing market price for the product and that little or no actual sales were ever consummated or expected at this price. Rather, Plaintiff alleges that it is a fictitious amount used to make the actual purchase price for the product appear as a bargain and as a reduction from the comparative price. Plaintiff contends that Defendants' alleged conduct violates the Illinois Consumer Fraud and Deceptive Business Practices Act ("Consumer Fraud Act") and the Illinois Uniform Deceptive Trade Practices Act ("Uniform Act"), as well as similar consumer protection statutes in other states, and constitutes unjust enrichment. Plaintiff is seeking compensatory and punitive damages, an award of attorneys' fees and expenses for bringing the Action and a permanent injunction to prevent Defendants from continuing to use the alleged wrongful pricing scheme."
Here is the results of the lawsuit:
"Subject to the terms and conditions of this Stipulation, Defendants will create a Settlement Fund for the benefit of the Class in the total amount of Three Million United States Dollars ($3,000,000.00) via a bookkeeping entry. A portion of the Settlement Fund will be used for certain administrative expenses, i.e., the costs of publishing this Notice up to a maximum of $40,000. In addition, $10,000 of the Settlement Fund will be paid to Plaintiff for his service as a representative of the Class (the "Incentive Payment"). The balance of the Settlement Fund (the "Net Settlement Fund") will be distributed as described below.
Defendants will distribute the Net Settlement Fund by providing a discount at the cash registers of all KB Toys, KB Toy Works, KB Toy Outlet, Toy Liquidator and KB Toys Express stores nationwide, including Guam and Puerto Rico, equal to 30% off all qualifying purchases of $30 or more during October 8-14, 2003. This distribution (the "In-store Distribution") will be done without requiring a request of any store customer and will be separate and apart from, and in addition to, any previously planned promotional events for 2003. Defendants will not advertise or otherwise promote the distribution in advance of the In-store Distribution. Signs detailing the terms of the In-store Distribution, however, may be displayed in or around the stores during the In-store Distribution and up to 48 hours in advance of the In-store Distribution.
If the total amount of discounts received by customers during the In-store Distribution is less than the amount of the Net Settlement Fund, Defendants will make an in-kind donation of toys, valued at Defendants' then regular retail price for such toys, in an amount equal to the remainder of the Net Settlement Fund (the "In-kind Donation Amount"). The donation, if any, will be to no more than four nationally recognized charities mutually agreed upon by Plaintiff and Defendants and will be made prior to December 31, 2003. Defendants will pay the cost of delivering the donated toys to no more than four locations. Defendants shall not be required to make more than one delivery to each location. The cost of delivering the toys will be separate and apart from the Settlement Fund."
The full lawsuit notice can be found here:
:: KB Toys - Class Notice
So, if you were planning on buying a new game system or game you may want to wait a week and get it for 30% off if this sale price includes video games and systems which I am guessing it will since they are over $30 in value.
So, with that discount you could get a GameCube for $70 after the price drop and discount. How cool is that?
Just something I saw while surfing the web..... :cool:
30% Off Everything at KB Toys
Posted by cnc137 on September 26, 2003.
KB Toys and its subsidiaries have to give a 30% discount on all sales of $30 or more the week of October 8 - 14, 2003 because they used unclear price tags in the past.
Here is the reason for the lawsuit:
"On September 3, 2002, Plaintiff filed the Action against the Defendants. Plaintiff sued individually on his own behalf and on behalf of the class of all Persons in the United States, District of Columbia, Territory of Guam and Commonwealth of Puerto Rico who purchased a product from Defendants' retail and online subsidiaries operating under the trade names "KB Toys" or "Kay-Bee Toys," including KB Toys, Kay-Bee Toys, Kay-Bee Toys & Hobby Shops, KB Toy Works, KB Toy Outlet, Toy Liquidator, KB Toys Express, KBtoys.com, KBkids.com and etoys.com, during the last five years, for which both a current purchase price and a higher comparative or "reference" price were displayed for the product.
Plaintiff alleges that Defendants implemented a pricing scheme that utilizes two different prices which are placed in near proximity of one another on price tags, on shelf tags, on in-store signs and in retail and online advertisements. One price, a comparative or "reference" price, is printed in black ink and then crossed out in red ink. A lower, second price, which the consumer must pay to purchase the product, is displayed in simulated handwritten red ink. Plaintiff alleges that the comparative or "reference" price for the product is not the prevailing market price for the product and that little or no actual sales were ever consummated or expected at this price. Rather, Plaintiff alleges that it is a fictitious amount used to make the actual purchase price for the product appear as a bargain and as a reduction from the comparative price. Plaintiff contends that Defendants' alleged conduct violates the Illinois Consumer Fraud and Deceptive Business Practices Act ("Consumer Fraud Act") and the Illinois Uniform Deceptive Trade Practices Act ("Uniform Act"), as well as similar consumer protection statutes in other states, and constitutes unjust enrichment. Plaintiff is seeking compensatory and punitive damages, an award of attorneys' fees and expenses for bringing the Action and a permanent injunction to prevent Defendants from continuing to use the alleged wrongful pricing scheme."
Here is the results of the lawsuit:
"Subject to the terms and conditions of this Stipulation, Defendants will create a Settlement Fund for the benefit of the Class in the total amount of Three Million United States Dollars ($3,000,000.00) via a bookkeeping entry. A portion of the Settlement Fund will be used for certain administrative expenses, i.e., the costs of publishing this Notice up to a maximum of $40,000. In addition, $10,000 of the Settlement Fund will be paid to Plaintiff for his service as a representative of the Class (the "Incentive Payment"). The balance of the Settlement Fund (the "Net Settlement Fund") will be distributed as described below.
Defendants will distribute the Net Settlement Fund by providing a discount at the cash registers of all KB Toys, KB Toy Works, KB Toy Outlet, Toy Liquidator and KB Toys Express stores nationwide, including Guam and Puerto Rico, equal to 30% off all qualifying purchases of $30 or more during October 8-14, 2003. This distribution (the "In-store Distribution") will be done without requiring a request of any store customer and will be separate and apart from, and in addition to, any previously planned promotional events for 2003. Defendants will not advertise or otherwise promote the distribution in advance of the In-store Distribution. Signs detailing the terms of the In-store Distribution, however, may be displayed in or around the stores during the In-store Distribution and up to 48 hours in advance of the In-store Distribution.
If the total amount of discounts received by customers during the In-store Distribution is less than the amount of the Net Settlement Fund, Defendants will make an in-kind donation of toys, valued at Defendants' then regular retail price for such toys, in an amount equal to the remainder of the Net Settlement Fund (the "In-kind Donation Amount"). The donation, if any, will be to no more than four nationally recognized charities mutually agreed upon by Plaintiff and Defendants and will be made prior to December 31, 2003. Defendants will pay the cost of delivering the donated toys to no more than four locations. Defendants shall not be required to make more than one delivery to each location. The cost of delivering the toys will be separate and apart from the Settlement Fund."
The full lawsuit notice can be found here:
:: KB Toys - Class Notice
So, if you were planning on buying a new game system or game you may want to wait a week and get it for 30% off if this sale price includes video games and systems which I am guessing it will since they are over $30 in value.
So, with that discount you could get a GameCube for $70 after the price drop and discount. How cool is that?