neilv
2 days ago
> “You can buy stuff from here and then you can resell it,” Ahmed tells me. “Through eBay or Amazon. You can sell on Facebook market. You will get your money back in less than one day if you wanna resell it. Which is a good thing for everybody right now, for the public. A lot of people need to work.”
I'd guess that probably the store itself is picking out some of the more valuable items from pallets they source, to divert to eBay or Amazon.
This is one of the things that ruined a certain charity thrift store chain for me, which I'd visit often as a destination of daily walks. Although I knew how to spot some valuables (sterling silver, some electronics, some games), they'd never appear. It turns out that the chain does two things that work against brick&mortar hunters: (1) has staff trained to spot valuable items, and divert them to the chain's own eBay store; (2) the chain's distribution/sorting center lets in professional flippers there, to pick out, say, the valuable designer clothing. So the brick&mortar stores only ever get picked-over stuff that wasn't worth either professional group selling elsewhere.
If bin stores are also doing something similar, I'd guess that the smart ones are consciously sprinkling a token number of more-valuable items in the bins (even if they could make more diverted), to keep the lines of hundreds of people forming every week.
kubectl_h
2 days ago
There is a surplus and salvage chain in Maine called Mardens. It's been in business for 60 years and basically purchases pallets or shipping containers full of products that were written off by retailers for some reason or another and re-sells. They take the highest price they can find online and discount the product 20-40%. Sometimes you'll go in and run across really high end products that could easily be sold at full price but they don't really seem to care. Think a Moccamaster coffee maker or Arcteryx jackets. Most of the time it's junk. In any case it seems like they buy at some percentage on the dollar (20, 30?) and resell at 60%, regardless of how expensive it is. Seems like it makes more sense to make a consistent profit in volume rather than optimize profit on individual items.
Fun store to stop by and check in on in every few weeks.
neilv
2 days ago
I like that model. If they have the shopper traffic to move stock, I'd guess the 20%-40% discount off highest online price is better than they could net by selectively diverting that item to online.
kubectl_h
2 days ago
They definitely have the traffic. They also do not advertise much of what they have, I'm guessing due to agreements they have with the original retailers, so you never really go there looking for something specific, you just kind of go hoping they have what you want or just to browse around. They are a bit of an institution here, where people are pretty frugal in nature regardless of how wealthy (or not) they are.
They will also magic-marker over the original retailers labels, but you can usually see where the product came from. For about a year they had inventory from the Texas sporting goods chain Academy, including apparel from various regional schools in Texas. Mostly Houston and San Antonio. My guess was all that inventory came from stores that were partially flooded by a hurricane.
bombcar
2 days ago
Goodwill does that and they don't even use eBay for a bunch of their stuff - they run their own auction site: https://shopgoodwill.com/home
Makes sense for them, they're maximizing the money they get (and you can still get bargains, look for expensive and heavy things near you so you can pickup and save shipping).
RankingMember
a day ago
I wonder if the Habitat for Humanity reStore chain started eBaying stuff. They've gotten way pricier in the last year and their inventory also thinned out.
Freak_NL
2 days ago
The article doesn't hint at that though. The store's owners seem to have their hands full at just running the store. Besides, they seem to want those bargain hunters in there. Not just for the guaranteed $10 sales, but also to keep up the hype that gems are to be found there.
dawnerd
2 days ago
There's certainly bin stores that sort through for the best stuff and either offload to friends that'll pay up or price it higher in "vip" section like the article says. The bigger issue is the bin stores that sell mystery boxes which is just the trash that doesn't sell at dollar day.
genewitch
a day ago
Huh, meatspace lootboxes
jccalhoun
2 days ago
Unless it is something really really good I don't think they do. The one that was in my town a couple years ago would post pictures on facebook of all the best things they had in order to entice people to come in.
albedoa
2 days ago
> The one that was in my town a couple years ago would post pictures on facebook of all the best things they had in order to entice people to come in.
Isn't the comment you are replying to supposing that those were not pictures "of all the best things they had"?
AStonesThrow
2 days ago
> charity thrift store chain
Many people see a thrift store on the corner, or a collection bin, and they automatically assume that the thrift business is a non-profit, a charity that is run by a church or a social services agency. But really, a lot of thrift stores are for-profit retail operations that aren't charities at all. So it's interesting that you make the distinction, without needing to name names.
My cousin is an artist, and it was about 20 years ago when she lamented the degradation of thrift stores and yard sales. She said that shows such as Antiques Roadshow and American Pickers had whipped Americans into a frenzy of hunting through inventories and sniping ordinary human mortals. And she lamented that eBay and marketplaces were enabling that sort of buying-up stuff to stick it in a personal garage, and sell it online at leisure.
It was nearly that long ago when I was able to find useful stuff at thrift stores in my neighborhood. I went down one day and came home with a working WiFi router and a matching AC adapter, and that WiFi router ran my home LAN for the next 10 years.
It is with some embarrassment that I may admit to never cleaning my PC keyboard; why bother when a like-new, cleaned-up USB keyboard was $1 at the thrift store on the corner? They were stacking them like cordwood! You could plunder the tangles of cables and find any old obsolete thing, and I'm a guy who enjoys obsolete commodity stuff.
I found some enjoyable cassettes and other fun things at the Catholic thrift store. But in general, the charity thrift store scene has dried up here in the metropolitan area. There's one in the heart of the city that is megachurch-run, and anchors a residential community. But 2-3 others have pulled up stakes and shuttered operations. And there are prominent NO DUMPING signs posted there.
joezydeco
2 days ago
I'm guessing you don't read /r/goodwill.