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home bargains, pound shops......where do they get their stock.
big brother 9
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Does anyone know why and where they get their stock?
For example in poundland you can buy 3 cans of coke for a pound yet the price in super markets etc is nearer £1 . The pound shops and home bargains must make a profit on what they buy.
For example in poundland you can buy 3 cans of coke for a pound yet the price in super markets etc is nearer £1 . The pound shops and home bargains must make a profit on what they buy.
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Also, many brands have come out with pack sizes especially for these shops. In Poundland, packs of Snickers et al have 3 bars, whereas the standard in the likes of Tesco is 4 bars.
I mean surely as the years go by the profit value must go down as things get more and more expensive to make etc?
I mean surely the profit margin even compared to 10 years ago must be less? will we still have pound shops in ten years time?
£2 Land Anyone ?
and/or lower weights - especially food products. Other products may be of thinner or inferior matarial. Nevertheless they mostly still show good value. As for continuity of low prices in the years ahead, will this not also apply to all other retailers as prices in most instances increase worldwide.
Yes but other retialers put prices up , Poundshops don't
They also have bulk buying power which brings the cost of each item down.
80p for a single 330ml can at the supermarkets would be ridicously expensive.
The 330ml Barrs irn bru cans in Poundland say the rrp is 49p each. But 3 for £1 you can buy them at Poundland in the indoor shopping centre and drink one at a seat close to the cafes area in view of the staff. A 330ml can of irn bru at the cafe costs £1.20.
i would say they have a thirds model
1 product 33%
2 shop/rates/workers 33%
3 profit 33%
You were ripped off, you can buy eight cans from Asda for £2.
I'm presently fund raising for charity and buy the chocolate bars at four for a pound. The offer moves around the various supermarkets. Colleagues at work then donate 50p each for them to charity. The are happy as the vending machine charges about 70p each for the likes of a kit kat or similar. I'm guessing our vending machine agent is not quite so happy, must be wondering why he isn't selling anything.
I think supermarkets need to look at there prices, especially when something like 500ml bottle of coke is dearer than a 1 ltr bottle of coke
500 ml £1.15
1 ltr £1.00
Place like poundland, homebargains, they have the right idea, a 500 ml bottle of coke will cost around 35p-45p
http://www.telegraph.co.uk/finance/newsbysector/retailandconsumer/9543609/How-Poundland-makes-its-millions.html
1 mars bar...56p or 3@£1
4 packet of mars bars...£1
7 packet of mars bars...£2.69
no wont happen
people are price sensitive not amount sensitive
inflation is a killer but all they do is the same as everyone has
give you less
over the last few years we have had inflation of 5% but all the manufactures did was give you less
i always use the example of quality street
its gone from 1KG to 970 to 950 to 900 to 880g
people just see the tin (or plastic another cheaping up)
The real question isnt how poundland manage to sell things so cheap, its how Tesco get away with charging so much, the answers simple, people will pay it believing they are paying more for a better product.
http://www.delboyswholesale.co.uk/
However, I've noticed more "Pound Stretcher" type shops popping up lately, rather than "Everything £1" so I think prices might be starting to go up.
I went in a pound shop the other day, actually, and I noticed some things were more expensive in there than in the supermarket, eg a 1kg bag of sugar for £1, with "WOW!!" stickers all around, but in Tesco and Aldi (both near me) a bag of sugar's around 85p. There were other things too, such as a set of 5 poor-quality forks or knives for £1, but the equivalent quality in Tesco was around 90p for a pack of 6 a month or two ago. So you still have to be selective in these places.
Definitely this ^
Many people haven't noticed but lots of packaging changes so that they can introduce a smaller size. When you see 'new and improved taste!' on the label, it's often just a ruse so you won't notice that it's actually smaller. I don't think it's trickery necessarily, but as you say, people tend to pay more attention to the price of the goods they buy than the size.
In terms of where they get their stock I think its a combination of -
1, Supermarkets who over order, especially on fairly short shelf life items it makes sense to give them to £1 shops for a discount
2, discontinued stock/size/flavour etc. Items being phased out normally get sold cheaper so I imagine some end up in £1 shops
3, Pack sizes. This is key here and as mentioned above about cans of coke. I find that £1 often sell smaller pack sizes, brands know £1 is big business and often make specific items in a smaller qty size especially for £1 shops. Belvita biscuits for example are sold in a pack of 3 for £1, in the supermarkets you can get a pack of 6 only which is more often than not on offer for £2 so the same price as buying 2 x 3 from £1 shop
4, Bankrupt stock. If a shop orders something from a brand and they go bankrupt just before its delivered then its often sold off to £1 shops cheaply.
I like £1 shops, I do think on some of their items they are genuinely cheaper than anywhere else, its just a case of "knowing" prices and shopping around.