Supermarket accused of hoarding a popular Chinese liquor
A local supermarket was accused of hoarding a popular Chinese liquor to profit on its expected price increase with the new year coming in a few days. Sam’s Club claimed that the Chinese Liquor Moutai was out of stock.
Moutai the Chinese liquor is an expensive strong spirit was not in stock in the supermarket, but when reporters visited the store there were at least 1,500 bottles on display in the store shelves by were labeled not for sale.
A liquor salesman told reporters that the Chinese liquor has been out of stock for months and stock will arrive in time for new year. one bottle of the liquor costs 1,098 yuan and will go up once stocks will arrive. Staff at the supermarket said that the liquor on display is reserved by customers, the staff also said buyers can apply to purchase two cases of Moutai if hte purchase 10,000 yuan worth of groceries which includes the two cases of liquor
The condition is a sales strategy of the store since most of the liquor is sold out in other stores in Shenzhen. new stocks will sell for 1,560 yuan per bottle, double the price since it only sold for 700 yuan last september. One consumer the price increase is unbelievable. The supermarket conditional sale of the liquor if prejudice against the shoppers one lawyer stated that as a retailer Sam’s Club can be held liable for illegal hoarding.