Posted on 07/01/2022 11:49:26 AM PDT by plain talk
CNN reports stores such as Target, Walmart, American Eagle and Gap are considering giving customers back their money for items they don’t want but don’t want the actual merchandise back. According to the report, the options are being considered because many retailers are struggling with tons of unpurchased inventory that must be stored. That problem is exacerbated by returns, prompting the unusual idea of letting customer keep merchandise while still offering a return.
(Excerpt) Read more at al.com ...
Return everything, get everything free. Who thinks this will actually work?
Someone could make a lot of money if they set up a charity that accepted those goods from Wally World, and distributed them to the poor or overseas. Wally world would get a fat tax deduction.
Getting stuff from a store for free? Isn’t that called ‘looting?’
So, I can buy a $500 TV from Wal Mart, say I want to “return” it, Wal Mart gives me $500, and I get to keep the TV.
This sounds like a well-thought-out corporate strategy.
‘looting’?
amazon has done this in the past for me with things that are about to expire before I can use them up or damaged but still useable or late deliveries.
But since Bezos decided to have a mid life crisis and travel the world with his new sidekick the customer service has gone down hill
Socialist Libtard Business Advice 101 🤪
I’m sure they would never adopt this for electronics or other expensive items. But it probably makes sense for cheap items whose production cost is less than the cost of shipping a returned item back to the manufacturer.
I am waiting for GM to do this with the C8-Z06 Corvette
I sure hope this idea catches on with car dealers.
Me: “I don’t like my new Tesla. I wanted it to come with an 8-track player, but there’s no 8-track player.”
Tesla dealer: “No problem. Here’s your $80,000. Oh, and you can keep the car.”
Processing returns is a pain. The entire supply chain is aimed TO the store, getting stuff FROM them has always been a challenge. Plus of course the manufacturer doesn’t want it back anyway. Often times they just sit in the backroom until somebody gets tired of them and throws them out.
Someone misunderstood how this whole thing will actually work.
(the people who were discussing it were using code talk because it could be considered ins fraud)
Ship excess inventory to certain stores that have a reputation for excess Shrinkage
Neuter loss prevention agents
Replace cashiers with Self-Checkout stations
advertise free baby formula raffle
refill store as necessary
write off losses on your taxes and file claim with your Ins company (assuming you are not self insured)
Not a big fan of any of these companies. I think its a brilliant plan and suggest they should all make it policy immediately.
Sometimes they get piled on pallets and sold at blind sales. You buy a pallet and hope for the best. Since you can’t buy repair parts for much of anything these days, it’s risky.
It sounds like a prescription for bankruptcy given that there are large chain stores such as Ollies, Big Lots and Pic’n’Save who buy surplus merchandise at deep discounts for resale.
Another great idea from modern-day corporate leadership. /s
I posted this article but can’t vouch for any of it. The al.com editor quotes CNN but I don’t know of a CNN story that reads like this.
There’s no way this becomes across the board policy. If this even gets implemented it would likely apply to certain inventory items. Who knows.
My guess is this policy will not last and whoever came up with it will be fired.
I am making the possibly unwarranted assumption that Walmart is still in business to make money. /smirk
Why even bother with this?
This summer, these stores will have plenty of 100% off sales.
With convenient hours - late evening hours, even after hours sales.
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