Eli5: the grey market
In: Economics
It’s selling legal products, but without being authorized by the manufacturer to do so. Many brands select who they sell to, and hold those retailers to standards on how goods are displayed, perhaps pricing/sales, etc. because they want to uphold an image. But there are ways to buy closeout/surplus, etc. that may technically be sold in a grey market venue… maybe designer sunglasses are really cheap in Dubai due to exchage rate so somebody buys 100’s of pairs to sell on Amazon, or some AT&T store manager sold the previous generation but new in box iPhones at store cost to a friend who sold them on ebay, or some designer clothing brand normally found in high end department stores that is found in TJ Maxx.
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