It is definitely the case for ski gear ( skis/boots ), bike gear, cold weather gear, helmets, backpacks, etc. Northface store? 25% off. REI? List price. Columbia store? 25% off. REI? List price. Patagonia store? 15% off. REI? List price. Atomic REI? List price in
Feb. Atomic at EVO? 25% off in Jan. Yeti at REI? List price. Yeti pretty much anywhere else? 10% off.
People justify it because of the dividends gimmick. Hell, I fell the first year for it myself.