99p shops - where is stock coming from?

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mdjo

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Oct 3, 2008
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  • #3
    When i used to work in fmcg, (skincare and healthcare) we often had cause to job stock.. Could have been excess stock due to short date, end of line, packaging errors (labels etc), delists, that sort of thing Normally towards year end. We used to use a couple of jobbers based in manchester. Cant remember their names, but they supplied uk and europe bottom end retailers.
     
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    T

    TotallySport

  • #5
    Their sizes normally reflect the price, pound shop box of after eight mints £1, supermarket £2, the different is the size of the box in the pound shop is exactly half the size.

    The other things like Coke 3 for £1, its volumn buying and mass selling,

    Shops have always squeezed the profit on fizzy soft drinks, there is room if you buy it right and sell enough of it.
     
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    MOIC

    MOIC

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  • #6
    RBS said:
    Its been a while and I still wonder - where do they get their stock from?!

    Boots has this shampoo for 4.99, they sell it for 99p - how ? :|
    http://www.boots.com/en/Head-Shoulders-Classic-Clean-Shampoo-500ml_1106403/

    If they are buying bankrupt stock, fine, but this shampoo has been in stock there for year now.
    Click to expand...

    Parcels.............Loads about

    Bankrupt stock................Aplenty

    China.................Thousands of line to retail at 99p, 1 euro, 99cents etc etc etc

    Ron
    MYOFFICEINCHINA
     
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    G

    Gannet!

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    Oct 29, 2007
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  • #7
    Its all about volume and selling some high margin goods while others are at very low margins. Never been to a 99p store, but in Poundland there always seems to be a queue of people at the tills.

    With the Head and Shoulders also Boots are selling the 500ml bottle, and you'll note in Poundland they sell the 250ml bottle, which while still £2.79 in Boots its not as big a gap.
    Also you'll note on things like Colgate toothbrushes they are made for Colgate Africa, unlike ones in Boots which are made for Colgate UK and Ireland. Also note the creams which are made for Eastern Europe and then have an English sticker slapped on top. Then there are the previously mentioned bankrupt/ short date stock.

    Things like Pop, crisps and similar are based on very tight margins to drive footfall, while they sell other products that you can buy in B&Q, Boots etc cheaper.
    For example, they sell a radiator key for £1 in Poundland, while the local D&Y stores sells the same item for 39p. Poundland sell Nivea Handwash for £1 while Savers sell it for 79p and Boots for 99p. Also their foodstuff are often cheaper in the supermarkets with regular deals on.
     
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    iArtist

  • #9
    Another thing about 99p shops is they often only tend to have a few items that are actually cheaper than you'd pay elsewhere. These are the items that make you think 'wow bargain' but the bulk of the stuff while cheap would be that price elsewhere. So they make up the money. If you don't shop around you may not know this. It's a good idea to know what average prices are for things before entering these shops otherwise you buy a ton of regular priced crap. ;)
     
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    D

    Deleted member 130387

  • #10
    Hi
    A bit of tough economic times in Cyprus too. Me and a friend think of starting TWO EURO shops.
    Has anyone been involved in the business? Any advice would be appreciated.
    I have found lots of suppliers over the Internet, all seem to have lots of products and similar prices.
    Any suggestions regarding the suppliers?

    Andreas
     
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    MOIC

    MOIC

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  • #11
    Arousos said:
    Hi
    A bit of tough economic times in Cyprus too. Me and a friend think of starting TWO EURO shops.
    Has anyone been involved in the business? Any advice would be appreciated.
    I have found lots of suppliers over the Internet, all seem to have lots of products and similar prices.
    Any suggestions regarding the suppliers?

    Andreas
    Click to expand...

    Hi Andreas

    If you require help sourcing product lines for when you are up and running, please send me a PM

    I am based in China and can locate lines for you to retail.

    Best of luck

    Ron
    MYOFFICEINCHINA
     
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    C

    CD2 Solutions

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    Sep 30, 2013
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  • #15
    sometimes these pound-shops arent actually any cheaper, especially if the competing stores are having some kind of sale or promotion.

    most of their stock is for example, a larger store expecting o run out of stock for a particular item at a certain time, ordering some in advance to keep up with demand and maintain stock, only for demand to suddenly drop, and be left with stock that they cant keep. these excess items often get sold to other shops to reduce the loss that they would otherwise endure, and keeping the perfectly god items out of landfill or recycling.
     
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    MOIC

    MOIC

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  • #19
    I am curious if it will have a bias against 99p stores to show how some items can be bought cheaper elsewhere. (Or be of less value when purchasing in larger volumes elsewhere)

    I think the point of 99p stores, is that you know that anything you see in the shop will be 99p (I know there are exceptions and that some stores have higher priced goods as well), the vast majority of which will be good value and fit the budget of the customer who goes into these types of stores.

    I am sure there is also a "I'll buy it because I may need it later" angle when people visit these stores when they see other items that they did not originally enter the store for.

    The TV documentary should be interesting viewing for those who have or who are looking to get in to 99p stores.
     
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    Talay

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    Mar 12, 2012
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  • #26
    £1 shops cater to the great unwashed, the illiterate, the unemployed and the stupid who need Watchdog (on their 50" telly on tick) to watch over them.

    £1 for 570ml or 67p for 450ml ? Come on, haven't all day. Oh, bu33er it, just go the the £1 shop.
     
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    T

    Tony King

  • #28
    packaging - cheaper.
    Smaller vs normal pack sizes
    quality - can be foreign market altered for UK sale
    End of Line Stock
    Short coded stock
    Jobbed stock that required re-work
    Stock buys (WIGIG)
    Mass buying of continuous lines and One -offs

    All the supermarkets also do this - and I can tell from experience that the 'own brand' products are just as good - and a quarter of the price.

    perception in marketing - 99p sounds cheaper than £1 but by more than 1p!!!!

    They are not always the bargains they seem.
     
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    ender33

    ender33

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  • #31
    can anybody tell
    Tony King said:
    packaging - cheaper.
    Smaller vs normal pack sizes
    quality - can be foreign market altered for UK sale
    End of Line Stock
    Short coded stock
    Jobbed stock that required re-work
    Stock buys (WIGIG)
    Mass buying of continuous lines and One -offs

    All the supermarkets also do this - and I can tell from experience that the 'own brand' products are just as good - and a quarter of the price.

    perception in marketing - 99p sounds cheaper than £1 but by more than 1p!!!!

    They are not always the bargains they seem.
    Click to expand...

    Hi, can you give me some company names doing this business please as I would be interested buying from them, thanks
     
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