Stores loose money on Boxing Day sales?

[phi delt reefer]

salt and other heavily marked down items are called "loss leaders" - they attract you into the store with the hopes the client will also purchase other items where they will make up the loss.

when i worked at futureshop (when the original xbox and PS2 were new gaming consoles) - we lost $10 per console when selling them at regular price. Our managers reminded us daily to push additional controllers/memory cards/games/extended warranties with each sale to ensure the department's profitability.

[MarkoD]

Originally Posted by phi delt reefer

salt and other heavily marked down items are called "loss leaders" - they attract you into the store with the hopes the client will also purchase other items where they will make up the loss.

when i worked at futureshop (when the original xbox and PS2 were new gaming consoles) - we lost $10 per console when selling them at regular price. Our managers reminded us daily to push additional controllers/memory cards/games/extended warranties with each sale to ensure the department's profitability.

Lol the "cost" on games was always a dollar less than retail. When in reality the cost is like <20 dollars on a video game

[Ross]

Originally Posted by phi delt reefer

heavily marked down items are called "loss leaders"

Just like wing night at the bar...

mmm wings...