geekhack
geekhack Community => Off Topic => Topic started by: microsoft windows on Fri, 25 July 2014, 08:47:32
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I thought this was an interesting article. Staples, in an effort to woo New York state agencies into contracting with them to purchase office supplies, offered a variety of products for sale to them at one cent apiece, hoping to expand their customer base. The result wasn't quite what they wished for though....
http://money.msn.com/top-stocks/post--how-staples-penny-sale-blew-up-in-its-face
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Losing thousands possibly millions??-----Staples, that was easy
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10/10 job staples
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Yay!
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i don't think they could've expected to sell most of that stuff at retail price anyway.. most of it would've just been discount liquidated...
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most of it would've just been discount liquidated...
But still, even at 50%-90% off, you could probably have survived the hit.
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most of it would've just been discount liquidated...
But still, even at 50%-90% off, you could probably have survived the hit.
no, but there wasn't ever that much stock of the stuff to begin with.. they would've never taken as big a hit as the Funny Numbers indicate..
On top of that.. do we really believe it costs $10 to make a bucket of paper clips?