HOUSTON (CBSDFW.COM) – Best Buy is apologizing following accusations of price-gouging after a photo posted online showed cases of water for sale at one of the electronic retailer’s Houston-area stores for more than $42.
The photo, which was widely shared on Instagram and Twitter, appeared to have been taken by a Houston resident.
Similar photos were shared on social media.
Best Buy says the pricing was “clearly a mistake on the part of a few employees at a single store,” CBS News reported.
The company explained in a statement that it doesn’t have pricing for cases of water in its system, and employees priced the water “by multiplying the cost of one bottle by the number of bottles in a case.”
The company said it was “deeply sorry that we gave anyone even the momentary impression that we were trying to take advantage of the situation.”
Price gouging, or charging excessive amounts for necessities during a natural disaster, is illegal in Texas and in most states, with violators subject to fines up to $25,000 per incident according to Governor Greg Abbott.
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