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Including credit card sales under “financed” is a crazy rage bait
Adam Cochran (adamscochran.eth)@adamscochran
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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@Raphkicksllc About a year ago i spoke them about if they would have lower fees tiers like stockx does. They said “not in our business model”. Insanely stubborn and a lot of good it does them
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@Raphkicksllc GOAT is basically a massive clown fest. They are insanely stubborn, they know that things haven’t been amazing for the last couple of years. Only thing keeping them up is direct manufactures and stores partnerships.
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@HolmsieCooks Typically what happens is the LTL carrier drops trailers once a week at the FC. They will go ahead and drop off a trailer with your shipment and pick up an old one. My guess is that the carrier doesn’t have a full trailer to pick up/drop and is simply waiting, which is uncommon
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@Raphkicksllc When they first started Flex they promised not to ruin it, not open it up to nearly every single seller as it is now. I get there must be a balance between too little and too many sellers but unfortunately they went overboard just like GOAT. They just got too greedy…
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@typesfast Do we know if the 90-day pause reciprocal tariff rate (10%) on countries other than China will apply to goods on the water before its expiration or goods at port before its expiration?
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@Raphkicksllc Honestly stockx loves undercutting, who wouldn’t want lower prices on their platform… happier customers and faster sales
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Recommendations for StockX:
- if wrong item is sent by seller but authenticated and eligible for sale, offer to store and sell via FLEX
- Send an automatic recommendation if a seller attempts to undercut by more than 10% and sales data suggests that undercutting isn’t necessary for a sale to happen
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Another inventory reconciliation day today
Return rates out of control
Loss rates out of control
Reimbursement amounts in the gutter
Number of hours spent on this through the roof
Amazon wants you to ignore this
They want you to be to complacent to do anything about it
Fight back
Submit docs for sourcing costs
Track loss and open cases
FBM your inventory

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@Raphkicks it’s because major retailers have contracts with goat to have their items under “instant ship” when it ships from the retailer itself… they price their items like it’s ship-to verify with the consignment benefits
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