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What's a company secret you can share now that you no longer work there? (lemmy.world)

submitted 1 year ago by CaspianXI@lemmy.world to c/asklemmy@lemmy.world

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[-] dimeslime@lemmy.ca 8 points 1 year ago

Used to work in garden/hardware supply company. The best selling product cost $16 for manufacturing and delivery to our warehouse from China. They would sell in [national hardware chain] for $699. It was about a 40% markup in store, the rest of that $699 was eaten up by warehousing, shipping and staffing costs. If you couldn't move that product in a reasonable timeframe then you'd start losing money on warehouse costs.

I figure most items I've purchased are 40% profit, 50% warehouse/shipping/staffing, 10% manufacturing/import.

this post was submitted on 09 Jul 2023

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