Stores loose money on Boxing Day sales?

[Ryan]

Originally Posted by SeaHorse_Fanatic

I got it from the invoice of an LFS where I helped out my friend during several recent deliveries of fish and corals. Trust me, the local transhippers are charging an arm & a leg for shipping and handling. I am not "pulling numbers out my whazoo". The $1000 was for several boxes, but the fish and corals cost far less than the actual shipping/handling charges. They also charge far higher than bank exchange rates and that can quickly add up too. My numbers are accurate as of yesterday, not two years ago.

Suddenly the store changes from $1000/box to multiple boxes.

Thats believable, 3 boxes can easily be $1000 worth of shipping and fees.

As for the Purple tangs I am doubtful they are loosing money on them otherwise they wouldnt sell it for that price. Its one of the more successful shops in town, I dont think they are in it to loose.

[MarkoD]

They lose money on one or 2 products which are "door crashers" and then they rape you on everything else.

Trust me, I sold home theatre equipment for 5 years.

The tv is at cost or just below cost. But the cables, hd box, warranty, etc have a lot of markup

Same thing with fish stuff. Most people that bought 30 dollar boxes of salt probably ended up spending on other things that had markup for sure

[cuz]

Originally Posted by MarkoD

They lose money on one or 2 products which are "door crashers" and then they rape you on everything else.

Trust me, I sold home theatre equipment for 5 years.

The tv is at cost or just below cost. But the cables, hd box, warranty, etc have a lot of markup

Same thing with fish stuff. Most people that bought 30 dollar boxes of salt probably ended up spending on other things that had markup for sure

so when you were in retail did you do it to make a living or just for fun?
How much of your salary at the time would you have been willing to give back to the customers??

[raceit]

sounds like some people should try being self employed, retail or otherwise. they would learn alot.

[Proteus]

I was quite ****ed. This boxing day sale. I seen livestock that was double the normal price to be marked at whatever percent off. I've seen this on regular days also were the price was bumped one day to be marked on sale at yesterday's cost

[MarkoD]

Originally Posted by cuz

so when you were in retail did you do it to make a living or just for fun?
How much of your salary at the time would you have been willing to give back to the customers??

I did it as a part time job while going to school. But I was money hungry. I would never take a commission hit to save a customer money. I only gave discounts to intice people to buy more.

Sometimes I'd discount a tv 200 dollars to sell a 400 dollar warranty.

Warranty pairs 17% commission but tvs only paid 2%

[MarkoD]

At any electronics store when they show you the cost and tell you you're getting something at cost. It's not true.

The cost displayed on the cost displayed on the computer is padded to incorporate overhead. No one in the store ever knows the actual cost of anything

[paddyob]

I Would like some loose money. Lol

[Nano]

Originally Posted by paddyob

I Would like some loose money. Lol

I didnt even notice that