Vendor's Sale Prices

[X&Y]

Just interested in people's views on this.

Do you think vendors are selling non-TPD stock at a loss or breaking even?

I was always lead to believe that in the retail sector 100% mark up was the norm.

So if the vendor bought something for a fiver then they would charge a tenner to sell it.

I may be well off though.

Just seen this and it piqued my interest purely to see what the public pay for goods normally and what markup there is in the retail sector.

Geekvape Griffin RTA normally £21.99 now £9.99

This question isn't just to do with ecig vendors but retail in general, no ulterior motive, just interested.

Often wonder when i see supermarkets chopping and changing prices.

Thanks

[domesticextremist]

Retail markup is at least 100%, has been since forever. If you are importing direct from China in sizeable quantities, expect that it will be much more.
I once heard it said that 90% of the profit made from goods made in China is made outside of China. That might be an urban myth, but I suspect it holds more than a grain of truth. Given that many B+M stores I have visited have very light footfall, I would think that those levels of markup are the only thing keeping them afloat.

[Postmodern Smoking]

May 19, 2017 22:11:42 GMT domesticextremist said:

Retail markup is at least 100%, has been since forever. If you are importing direct from China in sizeable quantities, expect that it will be much more.
I once heard it said that 90% of the profit made from goods made in China is made outside of China. That might be an urban myth, but I suspect it holds more than a grain of truth. Given that many B+M stores I have visited have very light footfall, I would think that those levels of markup are the only thing keeping them afloat.

It may be for some items, but the online retail world is very competitive.