At the time I placed my order I signed up to receive emails and have received a number of offers to purchase at discounts of up to 70% off everything plus an additional 20% off selected styles.

This raises the distinct possibility that the price listed on the Kate Spade website are inflated, perhaps by as much as a factor of four, over their expected selling price and that the expected selling price for overstock could even be less.

Since whether the offer was financially sound must use the prices Kate Space was expecting to receive conclusions that the offer on its face could not be that were based on listed price have to be disregarded as fundamentally flawed.

Reading the above in the voice of Eddie from Bottom is quite amusing.

i have read and re-read this sentence a dozen times, and each time i understand it less.

I apologize and will try to do better.

There were a number of posts asserting that the offer couldn't have been financially viable simply because the price was too low. But they were assuming that the prices listed on the site were what Kate Spade actually expected to sell the goods for.

An offer of a $500 handbag for $70 only appears to be too cheap to be true if $500 is really what the bag sells for most of the time. But if only a few customers actually pay the posted price whereas most buy at a discount then the true price is a lot less. The listed price is just a made up number to convince the customer of the good's supposed quality.

Suddenly an impossible price of $70 for a $500 bag doesn't look so impossible. It's might just be a half off sale of the kind of merchandise that sells for cost or even at a loss all the time when its time to clear out the warehouse of stuff that isn't moving.

Am I understanding the current situation is that they have sent out messages to some suggesting that they may honor the rate they erroneously advertised but we are not fully sure if they will or not?

So we have to gamble on whether to return by 30 day mark or not in the hope they will honor it?

I think they never said a number, just something like the word "accurate" which still leaves a lot of risk, in my mind.

Anyone purchased with Amex Platinum and planning to wait it out past 30 days?
Amex return protection policy is $300 per item and $1000 max per year. My purchase is more than $1000 though and idk yet if I want to take that hit since the items must be sent to Amex...

Yeah feels like a big gamble tbh. I could see it going either way. I dont wanna get stuck with $1300 of kate spade handbags that i cannot return haha

Kate Spade are not a discount/off price retailer and will have the data to back this up. That argument won�t fly.

Can I ask if anyone is planning for definite to keep the items past the 30 day mark ready to fight for the avios rate they advertised?

In addition, I don't even see how helps with the present issue anyway if presumably the OP is wanting to argue that at the time of purchase they had no reason to believe the avios offer was a mistake - btw does this mean folks are now accepting it is a mistake or still maintaining it wasn't?

If you�re planning to stick this out your top priority should be to get the email implying the rate may be honoured. With that it should be possible to argue the case for a chargeback on the basis of what you were told if the Avios are not paid out. The deal overall includes an incentive, and you have queried the incentive with the reply containing an implication it will be honoured, even if it�s ambiguous.

it�s still a gamble but there�s a higher probability of success I�d say and a possible off ramp after the return window. Personally I�d already be out for reasons explained upthread, but that email seems very encouraging.

That is how pricing basically works at their outlet shops. You can always get nearly 80% off a lot of their stock with all their promos, hence why we only buy at their outlet stores if my other half wants a Kate Spade bag.

I think that will only be effective if we can get a confirmation in writing that the correct earning rate is 250x. To be clear, I participated in these purchases and hope that somebody can get this confirmation. I just don't think the "incorrect" language is sufficient.

it should be more than sufficient to shift the burden to the merchant to explain why its clear offer and then separate subsequent apparent confirmation was all just a big misunderstanding that should be the consumer's responsibility to straighten out.