My wife has been addicted to watching dumpster diving videos where people end up finding brand new expensive things thrown away by retailers. It made me remember reading somewhere that the reason they do this is because it’s cheaper for them to throw away or destroy their inventory than it is to give it away or sell at discount. HOW???
I don’t see how they could possibly save money by destroying inventory rather than putting it on extreme discount. Surely they could make more money selling at an extreme discount versus no money at all by destroying .
In: Economics
Have you ever had items you didn’t want and it was less trouble to throw it out than to bother selling it, or the cost of shipping it would be too high?
It’s mostly that. Also companies like to have losses to offset earnings and minimize taxes, and fancy brands don’t want people to realize how cheap their stuff is when they sell a $500 item for $75 so it also makes sense to just have a loss.
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