Michael Kors Settles Class Action Over Imaginary Outlet Prices

If you shopped at a Michael Kors outlet recently, you might be due for some cash.

I’m not. I have one designer bag. It’s Coach and I bought it, and a wallet, almost eight years ago when I got my first big girl job out of college. I still use it sometimes because it’s an awesome bag, but spending an assload of money on designer purses was never my thing. If it’s yours, that’s cool. No judgies. I spend an assload of money on other things that are way less useful.

Consumerist

This is a regular Michael Kors store, where outlet items would never have been sold. (Mike Mozart) This is a regular Michael Kors store, where outlet items would never have been sold. (Mike Mozart) Outlet shoppers know the drill: items are marked with a “Manufacturer’s Suggested Retail Price,” and then an outlet price. What does that mean when you’re shopping at the Michael Kors outlet, and the merchandise is all made for the outlet? That makes the suggested price meaningless, and is exactly what a recent class action suit against the fashion company alleged. The suit has been settled, and the fashion company has agreed to pay consumers a total of $4.88 million to make up for years of imaginary price tags.

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