ΰ₯ β‘οΈ
li / nyc
Joined December 2017
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Including credit card sales under βfinancedβ is a crazy rage bait
Breakdown of the Black Friday data tells us:
-Consumer is weakening.
-95% of sales volume was financed.
-67% of that intends not to pay off within 30 days.
-Roughly $1B was spent using BNPL models which are the worst debt.
This points to a *really* unhealthy economy.
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sneaky change that happened by alias sometime last yearβ¦realized now
Taking 2.9% of the original sale ($104) rather than 2.9% of the cash out amount after fees ($89.12)
Itβs a loss of $1-1.5 per sale, but multiplied by thousands of units x thousands of sellers, you do the math
200 pairs liquidation for sale
average price $38.47
all profitable on apps, please dm for list
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question for you all⦠would you guys open a nike wholesale account TODAY? with the current market and retailers being forced to sell a majority of their inventory below wholesale cost, is it worth the headache?
Twelve years ago today, when I was 10, I called Nike at 6 AM trying to set up a wholesale account so I could buy Nike Elite socks to flip. Turns out, the minimum order was $250,000- so that plan fell apart pretty fast
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Donβt consign your items just to get rid of themβ¦ out of sight out of mind
Who knows if by sending an item to consignment you forgot about it and ended up selling 3-4x slower than you would have otherwise
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