Stores loose money on Boxing Day sales?

[Nano]

^ +1 Dry goods are alot easier to sell at cost or below as said, cause they mark up everything else anywhere from 10% or more to cover costs, Like brad said fish can be marked up as much as 300% I sold 1 1/2" Cichlid fry to a LFS once for 2.50 a piece and they sold them for 16.95 at the same size. but they have to do this to pay staff and power bills are enormous in Fish stores

[reefme]

Stores won't loose money, they just don't make enough money. If every buy that much every day they don't mind to sell for that price.

[paddyob]

Originally Posted by reefme

Stores won't loose money, they just don't make enough money. If every buy that much every day they don't mind to sell for that price.

Yup. They call these products loss leaders. It's more about market share and over all movement of stock. Some products have little to no profit, but chances are, once in the store, you will buy another product as well.

[MarkoD]

Originally Posted by paddyob

Yup. They call these products loss leaders. It's more about market share and over all movement of stock. Some products have little to no profit, but chances are, once in the store, you will buy another product as well.

I saw the loose thing but didn't wanna be a douchebag today. But yeah what you said is exactly it.