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Nigel Hall Grafton Street Sale Rip off

  • 06-01-2009 12:29am
    #1
    10000maniacs
    Registered Users, Registered Users 2 Posts: 5,176 ✭✭✭


    Doing my annual Winter Sale browsing today. Nigel Hall in Grafton Street quote their prices in € and £ on the labels. The exchange rate differential is 30%. WTF:mad:. They have reduced the prices on the sale items to the Sterling amount plus €1.00.
    So if the old price is €180/£125 the sale price is €126. But the exchange rate is now 0.94 so the savings are just 5% when compared to the UK high street.
    And this is just for the items they want to clear. Everything else is new season stock and is 30% more than the UK.
    I think they reckon the Irish are stupid.


Comments

  • #2
    Nody
    Moderators, Category Moderators, Arts Moderators, Business & Finance Moderators, Entertainment Moderators, Society & Culture Moderators Posts: 18,375 CMod ✭✭✭✭Nody


    If people are willing to pay...


  • #3
    Ste.phen
    Registered Users, Registered Users 2 Posts: 2,808 ✭✭✭Ste.phen


    I'm just back from London myself and it was lovely to be paying the STG prices, and a lot of shops had 70% off sales too (Gap, Next, etc.)
    Think I'll have to go over UKwards in future for clothes shopping


  • #4
    the groutch
    Closed Accounts Posts: 16,096 ✭✭✭✭the groutch


    10000maniacs wrote: »
    Doing my annual Winter Sale browsing today. Nigel Hall in Grafton Street quote their prices in € and £ on the labels. The exchange rate differential is 30%. WTF:mad:. They have reduced the prices on the sale items to the Sterling amount plus €1.00.
    So if the old price is €180/£125 the sale price is €126. But the exchange rate is now 0.94 so the savings are just 5% when compared to the UK high street.
    And this is just for the items they want to clear. Everything else is new season stock and is 30% more than the UK.
    I think they reckon the Irish are stupid.

    30% is quite generous considering in a few months they could be selling that same stock with an the official exchange rate being £ = €1.35-€1.40


  • #5
    darc
    Closed Accounts Posts: 677 ✭✭✭darc


    10000maniacs wrote: »
    . But the exchange rate is now 0.94 so the savings are just 5% when compared to the UK high street.
    .


    And this morning the exchange rate is .91, in October it was .82, in september it was .77, last week it was .98 for a couple of hours and next week it may be .87 and by the end of this year it will probably be back at .80


    add in bank commission & rate margin and you will be lucky to get .88 today as a retail customer in a bank.


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