Thinking about entering the traffic, lines, chaos, and craziness of Black Friday in search of the good deal?
Consider this paragraph:
Here’s how it works, according to one industry consultant describing an actual sweater sold at a major retailer. A supplier sells the sweater to a retailer for roughly $14.50. The suggested retail price is $50, which gives the retailer a roughly 70% markup. A few sweaters sell at that price, but more sell at the first markdown of $44.99, and the bulk sell at the final discount price of $21.99. That produces an average unit retail price of $28 and gives the store about a 45% gross margin on the product.
You can read the whole thing here. Take it easy. Give thanks. Don’t ruin your weekend for deals that aren’t deals.