Lower prices = money in the bank

Tuesday 25th August 2009, 2:59PM BST.

From Christiane Cox
I RECENTLY noticed an article in the JEP with the request by one of the charity shops for storage space. It occurred to me then that no storage would be required if articles were sold cheaper.

I have noticed that a lot of these shops are bursting at the seams with items for sale and, considering these were all donated, they are too highly priced. If everything was sold at rock-bottom prices, items would walk out of the shops.

Would it not make sense to have, say, £5 in the till instead of £10 on the shelves? I know of one shop that has occasional 99p sales and it almost sells out.

So please, all charity shops, don’t be greedy and you will see that in the long run that it means money in the bank.

1
Nathan Jordan

August 25, 2009 at 5:28 pm

I have noticed that items in Jersey charity shops seem a little on the pricey side… considering it costs them nothing to acquire if they sell something for a pound, surely that’s 100% profit? NJ.

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2
Darren

August 27, 2009 at 8:43 am

Nathan

I hope that you are not taking a mathematics exam anytime soon

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3
Nellie Macon

August 28, 2009 at 1:23 pm

This is true – some charity shops compare prices on EBay and charge accordingly – surely if items are cheaper, customers would be encouraged to buy more and the turnover would be greater?

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4
Nick

August 30, 2009 at 8:59 am

Yes this makes good sense, something in the bank for charitable purposes rather than a rotting and deteriorating item in suspect storage conditions that cost you money is obviously preferable.
So go on have a damn good clearout/fire sale of items and see what happens to the bank balance.
In these times the demand is there, and it will also be easy to secure new stock!

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