03-28-2003, 02:22 PM
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#2 of 3 
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Member
Join Date: Aug 2001
Local Time: 01:04 PM
Local Date: 09-05-2008
Posts: 11,321
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All reductions are "suggested" to a point. However, in most cases the big retailers receive "price protection", which is a way of saying that they get a credit for the difference (Inventory-On-Hand x Wholesale-Cost-Reduction-Amount).
So stores receiving the Price Protection MUST, of course, take the reduction. Anyone who bought direct can apply, I believe. Bought through a wholesaler? You're probably on your own. I'm not sure, though.
As far as timing goes, most do it the Sunday prior to the Tuesday "street date". That's cool with the manufacturers, too. Others just do it "when they get around to it", which is often up to a week or two later. Often the change is effective in the register, even when staff is too busy/lazy to get around to switching the pricetags.
At one store I worked at the rule was "markups first, then markdowns", an understandable policy. 
I hope that helps. I got that one for Christmas one year, or else I would be jumping on it too!
DAVE/Memphis, TN 
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