I read this interesting post on Yahoo Finance this morning. The post talked about organized shoplifting!
This is a big business in the United States where people sell products with a long-shelf life at flea markets like laundry soap, razors, shaving cream, deodorant, etc.
In the article did a survey of 125 loss-prevention executives in May and found the most commonly-shoplifted items. Chronic shoplifters try to steal high-margin items they can put up for online auction, sell to pawn shops or return for a full refund.
Here are the items retailers reported were most commonly targeted:
- Energy drinks
- High-end liquor
- Infant formula
- Allergy medicine
- Diabetic testing strips
- Pain relievers
- Weight loss pills
- Electronic toothbrushes and replacement heads
- Lotions and creams
- Pregnancy tests
- Kitchen Aid mixers
To show an example of what you can find on eBay.ca – check out this search result I had:
You may be wondering how much cartridges are regularly?
I just browsed on Well.ca and I found the same Schick Hydro 3 Blade Refill 4 cartridges for $12.59
This is a savings of 28% over the regular price online.
It makes you wonder sometimes as to how some online merchants can offer margins so low?