Have You Asked Your Suppliers What They Want to Get Rid of?
Have you asked your vendors for merchandise they are wanting to get rid of out of their line rather than buying new merchandise at full price? A friend called me this morning with news of one of her bridal vendors offering her a discount on old merchandise. Interesting I thought…I’ve never asked a vendor about rings they were discontinuing or wanting to get rid of from their line. She told me they offered her a sweet deal and the rings were beautiful (of course, I can’t see them and beauty is in the eyes of the beholder). But for a second there…I was pretty shocked.
Neil the Jeweler commented:
Well, I think one would buy closeouts with the idea of selling them as sale items. Rather than hope you make a killing on them, put them out for those customers that are looking for price only. There are more of them these days. Obviously, stay away from genuine dogs.
Wren commented:
I agree. Whenever I have bought vendor closeouts, they have mostly ended up being my closeouts. There's a reason the vendor wants to dump them.
Bad Deal commented:
