Stores loose money on Boxing Day sales?

[Madreefer]

[quote=unclesalty;665442]

Originally Posted by OceanAquatics

I am not saying you are making big money but I know you are not selling items for less than your cost on boxing day!

Why should any store sell anything below their cost? At any time of the year! If people are gonna bittch about the cost of this hobby than maybe it's time to start thinking about a new one. This whole thread is pointless arguing and really what the hell is the cost of this hobby have to do with big screens? I see no connection.

[MarkoD]

[quote=Madreefer;665449]

Originally Posted by unclesalty

Why should any store sell anything below their cost? At any time of the year! If people are gonna bittch about the cost of this hobby than maybe it's time to start thinking about a new one. This whole thread is pointless arguing and really what the hell is the cost of this hobby have to do with big screens? I see no connection.

this is what i said before as to why i'd sell something below cost. and the tv thing came in because i use to sell things below cost when i sold tvs

"having a doorcrasher item which is below cost will bring customers in the door and give you the potential to up sell them or sell them additional things and build a rapport with them. Opening the door for future business.

this is not an argument and you dont have to respond. this is my opinion and if I had a retail store I would run it this way."

[unclesalty]

[quote=MarkoD;665451]

Originally Posted by Madreefer

this is what i said before as to why i'd sell something below cost. and the tv thing came in because i use to sell things below cost when i sold tvs

"having a doorcrasher item which is below cost will bring customers in the door and give you the potential to up sell them or sell them additional things and build a rapport with them. Opening the door for future business.

this is not an argument and you dont have to respond. this is my opinion and if I had a retail store I would run it this way."

If they are selling them for below their costs that I have seen they definately need a new wholesaler!

[RedCoralEdmonton]

All I have to say on this is, thank you to all the customers that came out for boxing day as well as for the rest of the year, regardless how much is made or lost on sales, during boxing week, or any other sale for the rest of the year, our main objective is to please the customer. As long as we continue doing that, by providing great pricing and services, and assuming we keep the doors open then it shouldn't be anyone's business how much is made or lost.....

Steve

[SeaHorse_Fanatic]

An LFS is a business, not a charity. It is not in business to supplement our addictions by selling below cost. Operating costs are very high in this industry, especially for sw with all the high-powered lights, pumps, etc.

I'm just glad I live in the Lower Mainland where I can order online or go to the shops to pick up my stuff without going broke. If I lived in other parts of the country, I probably would have never gotten back into sw. I know of one shop in Powell River that was charging over $40 for a 50g bag of IO salt (more than a bucket around here).

Anybody who thinks LFS owners are getting rich from their shops should try calculating how much shipping is, keeping corals/fish alive, livestock losses, salt for water changes, staffing, and electricity.

I'm just happy that I got my Boxing Week shopping done and that I can still feed my addiction tomorrow and throughout the weekend even.

Cheers,

Anthony