If you really want to see rip off exchange rates, pay a visit to the re opened Iceland store in Ballyfermot. £1 comes in at a jaw dropping €1.75!
Madness! That alone would justify driving to a branch in the North.
I've heard a story that this guy went into M&S in Liffey Valley, brought 3 or 4 hundreds worth of clothes to the till and when the assistant gave him the total price, he insisted that he paid for the clothes at the sterling price but in euro equivalent (at that days exchange rate).
Apparently when the manager came over he agreed to it.
I was in M&S in LV today and it looks like they have removed all the sterling prices from their clothes or at least covered them with stickers.
I was buying a gift set in Boots a few weeks ago priced at €15. When I went to the till I was charged something like €13.50. The cashier said it was because of the change in the sterling/ euro difference.
I sort of see what you are saying but it is more a question of fairness than willingness to pay. Often purchases won't be based on 'is this good value and am I willing to pay the price' but on 'do I need/want this product and am I (perhaps reluctantly given I have no choice) willing to pay the price'. Just because I am willing to pay the price doesn't make me happier if someone else gets it cheaper for no good reason than the seller think that I am a patsy with no choice but to pay more - which I find offensive. And often, there will not be an identical substitutable product available to buy so I can't take my custom elsewhere.I fail to see the logic in constantly comparing the euro price with that which is being charged in the uk.
Firstly if an article is priced at €10 and you think that is good value then that is a stand-alone view. If you then see that it is priced for the UK market at STG£5 ( €6 approx), it should not cloud you judgement as to whether €10 is good value.
Alternatively if the article was priced at STG£10 (€11.50) it still does not alter the good value or not of the original price of €10.
1.00 EUR
=
0.964134 GBP
Debnhams have a cardigian which cost €54 but onlt £36.
Have any other contributors similair examples.
Personally I can do without any of these products.
Also remember most of these goods were imported from UK which means extra costs like .......Transport , Storage , Customs Clearance , Port Agency fees , Distributor Fees , Merchandiser wages , ............and many more costs which the UK retailer are passing on to the Irish consumer .
Of Course all department stores are similar.........You must remember that these items are not moving as fast as the exchange rate is at the moment, and these tags were prepared probably at least 2 months ago.
Also remember most of these goods were imported from UK which means extra costs like .......Transport , Storage , Customs Clearance , Port Agency fees , Distributor Fees , Merchandiser wages , ............and many more costs which the UK retailer are passing on to the Irish consumer .
Extra costs like extra costs like .......Transport , Storage , Customs Clearance , Port Agency fees , Distributor Fees , Merchandiser wages has nothing to do with the exchange rate either, these costings are factored into the retail price already.
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