Do Retailers Use Pricing Schemes to Mislead You?

What's Hot

The Most Sinful City in the U.S. Is … (Hint: It’s Not Vegas)Family

How a Mexican Tariff Will Boost the Cost of 6 Common PurchasesFamily

This Free Software Brings Old Laptops Back to LifeMore

How to Protect Yourself From the ‘Can You Hear Me?’ Phone ScamFamily

Report: Walmart to Begin Selling CarsCars

Where to Sell Your Stuff for Top DollarAround The House

Is Your TV Tracking You? Here’s How to Tell — and Prevent ItAround The House

11 Staging Tips to Help You Get Top Dollar When Selling Your HomeAround The House

21 Restaurants Offering Free Food Right NowSaving Money

20 Simple Hacks to Make Your Stuff Last LongerAround The House

4 Car Insurers That Might Raise Rates Even When the Accident Wasn’t Your FaultCars

How to Invest If Trump Kills the ‘Fiduciary Rule’Grow

12 Surprising Ways to Wreck Your Credit ScoreBorrow

9 Secret Ways to Use Toothpaste That Will Make You SmileAround The House

The 2 Types of Music That Most Improve Dog BehaviorFamily

Macy's and Bloomingdale's are among the latest retailers to be sued over allegedly "deceptive and misleading" pricing practices. Find out how to avoid being fleeced.

Macy’s and Bloomingdale’s are among the latest retailers to be sued over allegedly “deceptive and misleading” pricing practices.

A federal class-action lawsuit was filed against the department store chains, both owned by Macy’s Inc., late last month.

Plaintiffs Kristin Haley and Sylvia Thompson accuse the companies of misrepresenting price discounts at their regular and outlet stores “by purporting to offer steep discounts off fabricated, arbitrary and false … prices.”

The lawsuit continues:

“Specifically, Defendants represented on the price tags of their products … prices that were artificially inflated and arbitrary and did not represent a bona fide price at which they previously sold such products or the prevailing market price for such items.

Defendants then offered … to sell the items for a reduced or discounted sale price, which supposedly represented a significant discount …”

In some cases, items were sold at listed or original prices that had been inflated to at least twice the manufacturer’s suggested retail price, or MSRP, and then marked down by at least 50 percent, according to the lawsuit. As a result, the apparently discounted price was actually the same as the MSRP.

Last year, research by the Center for the Study of Services — also known as “Consumers’ Checkbook” — found Macy’s (along with Sears and Kohl’s) to be among the worst retailers for “deceptive advertising practices” and, in some cases, violations of federal law.

To learn how the center recommends that shoppers protect themselves against such “sales” practices, don’t miss “How to Avoid Being Suckered by a Store’s Fake ‘Sale.’

To learn how to take advantage of final sales that started this week at Macy’s stores that are scheduled to close, don’t miss “36 Macy’s Stores to Close.”

Do you agree with this lawsuit’s accusations about inflated prices and discounts at Macy’s and Bloomingdale’s? Share your thoughts below or on our Facebook page.

Stacy Johnson

It's not the usual blah, blah, blah

I know... every site you visit wants you to subscribe to their newsletter. But our news and advice is actually worth reading! For 25 years, I've been making people richer without making their eyes glaze over. You'll be glad you did. I guarantee it!


Read Next: 6 Reasons Why Savers Are Sexier Than Spenders

Check Out Our Hottest Deals!

We're always adding new deals and coupons that'll save you big bucks. See the deals to the right and hundreds more in our Deals section.

Click here to explore 1,781 more deals!