Whoops
Whoops
How homeless guys just about always have a sports jacket.
If you start out depressed everything’s kind of a pleasant surprise.
WITB: stuff.
That weekend amateurs still refer to some of their clubs as "non-conforming".
Perplex.
Boxing Day 'sales'. Are the prices actually lower than they were a week prior?
Furthermore, if they are genuinely discounted does this just show how big retail profit margins are here in Australia? Surely it's not all superseded stock that they are trying to get rid of.
No it does not mean the retail margins are too big. Inventory does not work the way you think, selling excess stock at a loss to get rid of it is sound business practice.
Are you suggesting that this is all excess stock that the stores need to get rid of? I find that a little hard to believe.
Around christmas with all the public holidays pay, overtime pay, bonuses, Christmas parties, etc, a lot of businesses need to liquidate inventory (turn things into money) to stay cash flow positive (have the money in the bank to pay the bills). Even if the goods are sold at a net loss (less than cost+overheads) they will usually still be sold barely at a gross profit (more than cost). But the business must sell their items, even at a loss, because if they don't have the money in the bank to pay their staff, they have no staff, if they can't pay their rent, they can't open, if they can't pay their suppliers, they have no stock. So in the short term they have to sell at close to a loss to keep the wheels of their business moving because of the large number of outgoings at occur all at once, they need the money in their accounts.
Also, you must remember that the wholesalers/manufacturers are in a similar situation, so they often compensate the retailers in credits or discounts on further purchases to offset the price reductions. So even though the retailer may be selling the item at less than what they originally paid for it, they are still operating at a net profit after supplier compensation is taken into account. That happens especially with Xmas stock. Retailers don't want to be that store that runs out of candy canes or Xmas lights, so they buy heaps at the advice of the supplier. Then after Xmas, it is more expensive for a supplier to credit the entire item and pay to have it returned to sell next year, so they credit the retailer 50% of cost and the retailer sells it as 50% off while still making the same profit (%), and slightly less profit ($).
Also, not everything is on sale. Look at the impulse items near the registers. They are probably at the same price, and those cheaply made pieces of crap or bottles of coke, or sticks of gum, are often the highest profit (%) items in the store, and more shoppers passing through the registers means more cheap impulse crap, more coke and more gum is sold then on a usual day, which offsets the net loss on regular stock.
Lobby (I can do more than put stickers on boxes of drugs)
We just have a shit load of lay bys that we didn't deliver before Xmas to now sell.. The things we do to get our name in the news..
Worked a treat as well
Big W Popper?
Auto-correct changing "sparrows" to "spar roes" How the fruck does it come up with that?????
If you start out depressed everything’s kind of a pleasant surprise.
WITB: stuff.
The 3 threads going off at the moment involving iGolf and that people can even be bothered getting involved in online arguments.
Gotta have some funOriginally Posted by TheTrueReview
There is only so much popcorn you can eat in a sitting!
Meh. It was funny for a while. Getting a bit tiresome now.
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