Harbor Freight lawsuit

   / Harbor Freight lawsuit #91  
I don't buy much at Harbor Freight but what I do buy I find to be a very good value...

Chains and Tarps are what I buy most... the brown traps really do last a lot longer than the blue ones.
 
   / Harbor Freight lawsuit #92  
The margins that HF makes are astounding. They are not hurting one tiny bit by any of this. They have most certainly not "shot themselves in the foot" in any way. Their business model is spot-on, they're making a ton of profit, and they're expanding across the country, even in times when the rest of the economy is not.

Yeah, they'll be around.
 
   / Harbor Freight lawsuit #93  
The margins that HF makes are astounding. They are not hurting one tiny bit by any of this. They have most certainly not "shot themselves in the foot" in any way. Their business model is spot-on, they're making a ton of profit, and they're expanding across the country, even in times when the rest of the economy is not.

is that fact or your opinion? I'm ok with either. If fact, where do you get your information?
 
   / Harbor Freight lawsuit #94  
...they're making a ton of profit, and they're expanding across the country, even in times when the rest of the economy is not.

is that fact or your opinion? I'm ok with either. If fact, where do you get your information?
It's real. Google for Eric Smidt. He's sole owner.

Here are a couple of articles:

[ERIC SMIDT]: his Amazing US$ 150 Million Yacht INFINITY

All You Need to Know about Eric Smidt and his yachts
Infinity and Intrepid
wp1063794a_01_1a.jpg


Name: Infinity - Yacht Length: 88.5 m (290 ft) - Guests: 14 in 7 cabins - Crew: 27 in 13 cabins - IMO: 1012177 - Displacement: 2,946t - Oceanco - 2015 - Yacht Value: US$ 150 million - Owners Name: Eric Smidt - Owners Net Worth: US$ 4 billion - Harbor Freight Tools - Country: USA - Infinity has a 69 meter support vessel named Intrepid


And back in 2014

Harbor Freight CEO sells Beverly Park home for $39.9 million

Different house from this one, I think.

wpefa0c9e4_01_1a.jpg
 
   / Harbor Freight lawsuit #95  
well, People like me made him rich, so I can't complain .

He took the risk, and seems to have won. congrats to him


They probably make pretty good money with their extended warranty

I bought a 12 volt fuel transfer pump last mo. The nozzle started leaking. I'm taking it back tomorrow


On another note, here's a con man that makes allot of $$
Home
 
   / Harbor Freight lawsuit #98  
[
I am not up on the 'crime' HF committed but most class action lawsuits I have paid a little attention to, seem to be a con by lawyers. They walk away with 30-50% of the take after getting enough customers to complain. The supposed 'injured' ones divvy up the rest. Bunch of crap that stinks bad. Not all lawyers are bad but some are scum. I have witnessed a few that are just predators not protectors.[/QUOTE]


Ok. But it seems the point of this thread is to be up on this class action lawsuit and disregarding it because of other abuses in the system doesn't help our understanding. What if the lawsuit proved intentional fraud? Do you want folks to be able to intentionally defraud others, like seniors, and get away without punishment? Do we want crime without punishment? Would it be better to have the FTC come in and do a huge Federal investigation instead? Many folks don't want the government doing this, so what's left? The attorneys...someone has to take it to court.
Better than getting a gun and going in and shooting up the place. Imagine if we didn't have courts...

I'm a lot more worried about the predators in the marketplace and my neighborhood than I am about lawyers.
If you are honest, the law is usually your friend.

to me, blaming all lawyers is like blaming handguns. Most are used for exactly what they need to be used for.

Making millions and millions of dollars by deceptive advertising that puts me on a giant yacht is not what I aspire to.

Sometimes these newly rich guys fall hard. My earlier point is that I see headwinds for the company and now they have put a spotlight of bad publicity on themselves. I never said the owners wouldn't still be stinking rich. But when the owner goes to the country club, I bet he cringes when someone asks him about the class action suit... well, at least he can hole up in his yacht in Cannes.

As someone who personally spent years selling somewhat similar objects to the public on a retail level, all I can say is there really is a better way.
Have any of you owned a retail store and sold to the public? Would be nice if you chimed in.

I was offended enough by HF's intentionally confusing ads they mailed to me that I decided to vote with my feet.
There is nothing in HF I can't get on Amazon, nothing. And delivered to my home. And if I absolutely need it today, like I did this past year for a bearing puller, I will go to HF and buy a box of three bearing pullers for cheaper than I can buy one at the local NAPA. Value? of course.
High quality? of course not, but as long as we get what we pay for, and not less, I'm happy.
Just not a company I want to support and only because of their marketing.
I'm all for regular prices and limited time sale prices. And monthly fliers.
Get rid of the "valued at" nonsense, and plainly state your price.

Most items in stores like this are "keystoned", meaning you buy for one dollar and sell for two.
So handing out 20 percent off coupons is clearly no shirt off their back, or less champagne on the aft deck.

Car ads have to be some of the most deceptive advertising there is.
Absolutely. But they are better, thanks to the FTC.
 
   / Harbor Freight lawsuit #99  
I'd rather buy from HF that AMZ, any day.

But today, I'll be hitting three locally owned and operated stores that are not chains, though they are franchises.
 
   / Harbor Freight lawsuit #100  
I'd rather buy from HF that AMZ, any day.

But today, I'll be hitting three locally owned and operated stores that are not chains, though they are franchises.

in my little town, even the local Ace just closed down. I have Lowes, Napa and TSC. That's it...
Always try to buy from TSC if they have it.
Agreed that Bezos doesn't need any more money either.
 

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