ounds good until you realize that most of that stuff is slow to sell. Margins don't matter if that stuff isn't selling. We still have over 90 unopened boxes of soap from two years ago sitting in one of the stockrooms. We've got etageres of soap at both softlines cash wraps, in our home department, in appliances and even in tools. We've got purses, lots of purses. They do sell a little better but they send us way more than we need, so, we have way more purses than we have space or fixturing. The purses are crammed in because everything has to be on the floor. The only reasons why we were allowed to have 90 boxes of soap in a stockroom was because even the district manager agreed that it was unreasonable to have 90 boxes worth of soap out on the floor (at 24 per box), but I'm sure there will be a point in time that we will be allowed to back stock purses.
I remember when they were bringing in weird c-ap like hotdog toasters and beer making kits during fourth quarter. People still didn't bother buying any of it even when the holidays were long over and all that stuff was marked down to practically nothing. The majority of whatever came was sent off as MRN and the sad thing was it all came back the very next year. Lots of the same old clothes, usually Laura Scott or Metaphor, same thing. Get a ton of it in, it sells poorly, it starts to go on markdown, it still sells poorly, it gets pulled off the floor and sent back to the DC, only for the same or similar things to come boomeranging right back on our freight a few months later
Originally posted by @VMm34a5-1urv . Maybe a little of topic, but this post clearly shows some of Sears’s flawed policies. Pile up the merchandise- no sales- mark down until it’s worthless.