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Author Topic: Staples' Penny Sale Brings Unexpected Result  (Read 1584 times)

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Offline microsoft windows

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Staples' Penny Sale Brings Unexpected Result
« on: Fri, 25 July 2014, 08:47:32 »
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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Offline osi

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Re: Staples' Penny Sale Brings Unexpected Result
« Reply #1 on: Sat, 26 July 2014, 11:32:53 »
Losing thousands possibly millions??-----Staples, that was easy
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Offline Puddsy

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Re: Staples' Penny Sale Brings Unexpected Result
« Reply #2 on: Sat, 26 July 2014, 11:34:30 »
10/10 job staples
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Offline Halverson

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Re: Staples' Penny Sale Brings Unexpected Result
« Reply #3 on: Sat, 26 July 2014, 11:41:02 »
Yay!
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Offline tp4tissue

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Re: Staples' Penny Sale Brings Unexpected Result
« Reply #4 on: Sat, 26 July 2014, 14:31:13 »
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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Offline fohat.digs

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Re: Staples' Penny Sale Brings Unexpected Result
« Reply #5 on: Sun, 27 July 2014, 18:49:53 »
Quote from: tp4tissue on Sat, 26 July 2014, 14:31:13
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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Offline tp4tissue

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Re: Staples' Penny Sale Brings Unexpected Result
« Reply #6 on: Sun, 27 July 2014, 19:00:28 »
Quote from: fohat.digs on Sun, 27 July 2014, 18:49:53
Quote from: tp4tissue on Sat, 26 July 2014, 14:31:13
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? 
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