Looting!
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 ...
If they take the item back they will put it on random pallet for sale. People bid on them, not usually over 100.
A microwave will fetch walmart 5 bucks this way. A TV? About the same. A pair of socks? About the same.
But they have to pay people 15 an hour to handle that pallet. If the pallet is being touched for 45 minutes walmart losses even more.
Yup. In the end the whole system is built like a sewer, works best only going 1 way.
Looting!
You would be surprised at the logic of the Walmart return policies. I worked the front end as a manager, Sometimes I could even figure out how we made a profit at the store the policies we had an effect
Certain C Corp donations of merchandise allow for a deduction in excess of the cost of the item.
To wit:
C corporations are entitled to an enhanced deduction for a charitable contribution of inventory if the ultimate recipient falls into a special category designated by the Internal Revenue Code Section 170(e)(3)(A).
Generally, a corporation’s charitable contribution deduction is limited to 10% of taxable income. However, in the case of a donation of inventory to a charitable organization that uses the property in its exempt function solely for the care of the ill, the needy, or infants, results in a deduction not only for the cost of such inventory, but also for up to half the difference between the inventory’s fair market value and its cost, limited to twice the cost.
For example, if the inventory basis is $12,000 and it has a $20,000 fair market value, the deduction will be $16,000.
See: https://www.marcumllp.com/insights/increased-tax-deductions-for-inventory-donations-of-c-corporations
Does Wal-Mart still sell Ruger 10/22s?
Walmart puts all that crap in giant pallet size boxes and sells it. Why deduct for donations when you can make clear profit?
Let’s all rush out and get new big-screens.
Amazon often already does this. It’s offered to me once in a while. Depending on maybe the price and the product and the fact that I return very rarely I think.
Not when the store gives it to you
“Store” my ass. Returns go into containers that are sold to resellers who sell random lots on eBay. Example:
https://www.ebay.com/itm/284770159
“Walmart, Target, Amazon containers”
....and then you sell it on Ebay for 250$.
Another knock on effect of Just In Time. These stores have eliminated their store rooms and put everything out in the store and can’t afford to stock anything in reserve.
Amazon has done it for quite some time. If you’re returning something with a value of $10 or $15 or something like that they’ll refund your money and tell you to keep the item.
“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.”
also returned personal items that can’t be resold ...
Could this be the beginning of govt funded nesara? Walmart back door nesara or free stuff for all?
Very interesting.
Politely buy it at the store.
Politely return it the next day.
Politely accept the item afterwards.
-PJ
People do not realize that America could become full-on Communist JUST LIKE THAT. Could be 5 years away. Covid showed them the way. VERY dangerous days ahead, folks.
I’ve had 2 items from Amazon where I was issued a replacement or refund & they did not want the item back - it was obviously cheaper for them then paying to have it returned.
I had an item from Amazon that they did not want back. It was worth $600 and got a refund immediately. They told me to donate it charity or give it away.
The last time I visited a Wal-Mart superstore, almost every ‘cashier’ station had been converted to self checkout. There were 2 or 3 actual, human cashiers. I did not count them, but it could easily be 2 dozen self checkout stations.
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