Selling other retailers products

[michaelmc]

Hi guys,

Just a general query, is there any laws to prevent you buying stock from other retailers and reselling it.

For example could you buy stock a retailer like Ikea or even Primark add a markup and sell it at a local level?

Just been thinking about it, its not going to make a huge turnover but would have some benefits like being able to return unsold stock etc.

 

[LicensedToTrade]

It would depend on HOW you bought it.

If you were to go into Ikea and buy furniture under the guise of a consumer then if you were to sell it on to other consumers you would technically be selling second hand goods, and to suggest that they were brand new goods would be illegal.

Not to say that it doesn't happen. You wouldn't believe how many convenience stores buy their milk from Tesco as a consumer and then resell it in their shops with a 50% markup.

 

[Lord of the Teapot]

Many of the items I bought to sell on E bay where from the high Street, partly due to the high Street being cheaper then the trade places

 

[JohnLocke1]

Many of the items I bought to sell on E bay where from the high Street, partly due to the high Street being cheaper then the trade places

Then with respect you weren't looking at real trade. Many people think that by having a Macro card, Jewson account or using a "trade only" website they are getting genuine trade prices.

 

[LicensedToTrade]

What's wrong with Jewson?

 

[Barnie]

It would depend on HOW you bought it.

If you were to go into Ikea and buy furniture under the guise of a consumer then if you were to sell it on to other consumers you would technically be selling second hand goods, and to suggest that they were brand new goods would be illegal.

Not to say that it doesn't happen. You wouldn't believe how many convenience stores buy their milk from Tesco as a consumer and then resell it in their shops with a 50% markup.

i would say its only second hand once the end consumer purchases it. look at game who bought PlayStation games and consoles from sainsburys

 

[michaelmc]

Thanks for all the replies guys.

I understand the 2nd hand issue, if I was to do this I would make this clear to customers.

My other concern was the legality of it, what I was thinking was that a lot of people love Ikea for instance however there is quite a distance to get too, probably impossible for people without a car, there certainly not as many as B&Q for instance.

Say I opened a local high St shop and called it 'Swedish furniture' or something similar and held a stocking of popular Ikea goods and was able to get anything from the catologue and added a mark up or call it delivery charge would I be breaking any laws relating to resale?

Thanks again

 

[Lee Jones Jnr]

No problem at all.
You can buy whatever you like and resell it as long as you are making no false claims or infringing intellectual property rights.

 

[Chris Ashdown]

If you want to sell something then go to the manufacturer or wholesaler and buy it there you get at least 30% discount from the normal retail price and this can go into the hundreds or thousands % discount on some items like fashion

You could not make a big enough mark up to buy from a company as a normal retail sale to make a living. and as for returns some wholesalers do them some dont, but a major retail company would soon stop selling to you if they had many items coming back, dont forget most companies selling high value goods have at least your card details and possibly your address to look back on once they get suspiciouse

 

[JohnLocke1]

What's wrong with Jewson?

You wouldn't retail products purchased at Jewsons as they are not a wholesaler but people presume they are getting goods at wholesale prices. It's a perception, which was my point.

Basically Jewsons are a retailer not a wholesaler, but many don't see this

 

[LicensedToTrade]

You wouldn't retail products purchased at Jewsons as they are not a wholesaler but people presume they are getting goods at wholesale prices. It's a perception, which was my point.

Basically Jewsons are a retailer not a wholesaler, but many don't see this

But Jewson sell more to the trade than they do do the general public and at discounted prices...