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Us? In Sam's Club? Heaven Forfendi!
Note to self: Be wary when shopping for name-brand luxury goods at stores that also sell Snickers by the case.
This axiom was reinforced when Sam's Club, the discount arm of Wal-Mart, agreed to stop selling Fendi-branded leather goods in its warehouse stores at suspiciously deep discounts to suggested retail prices hovering close to--and often above--$1,000. Per item, not per palletload.
Wal-Mart initially denied that the bags were fakes, claiming they bought them from a legitimate third party. Eventually, Fendi convinced them that the bags were indeed fakes and that the third party supplier was operating illegally.
A fuller account is available here.
Laura Rich is a co-founder of Recessionwire, which provides news, advice, perspective and humor about the recession and the recovery.
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