Secrets Retail Stores Don't Want You to Know About
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Keywords: retailer, retailer secrets, shopping secrets, retail stores, shopping centres, company secrets, dont want you to know, top 10, beamazedvideos, beamazed, be amazed, things you didn't know, mind blowing, money, best kept secrets, hidden secrets, company, walmart, walmart secrets
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Length: 7min 26sec (446 seconds)
Published: Thu Jun 22 2017
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Most of these are true, but the one about Clearance is false.
Department Managers are graded on the amount of clearance items left in their areas at the end of each month, even though they have no control over the prices. So we absolutely want to get all of the clearance off the shelf and in a high traffic area to sell it faster. The longer it stays, the cheaper it gets and the lower the margins. A manager with low margins will swiftly find themselves looking for a new job.
Unfortunately, Vendors such as Levi, Nike and Hanes are paying premiums to have their products located in the high traffic areas such as in the aisle, at the front end of a row or at the height on a shelf and you will be in breach of contract for violating this. It is entirely possible that you could lose a brand by putting other product in a vendor purchased area. Some managers try anyway and especially on weekends (corporate types work during the week) we will throw it out in the aisle in the hopes of getting rid of it faster.
Most retailers do not allow their managers to change prices and a program or the buyers will dictate sales and discounts. Some retailers (Lowe's, Sears and Wal-Mart) do give a little leeway, so feel free to ask for a lower price than what is actually posted on a clearance item. Just don't ask me for a discount on regular or sale items, I will tell you that "We offer the same great prices for all of our valued customers and work hard to make sure those prices are visible and advertised according to the law".