You can find a second life in the online income ‘real life treasure hunt’ business

If you’ve ever wondered what happens to items returned to online retailers, you may find some rejected purchases at Crazy Pins, a new retail store in Ontario and Alberta.

The chain of liquidation centers gives a second life to returned, excess or open items after leaving online and large box stores.

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“We have different suppliers for different retail businesses,” said Nora Moussa, general manager of Crazy Pins. “We get exports. It’s all mixed up and we put it all in the bins.”

Prices are set according to the day of the week, with stock filling on Wednesday nights. Those exports can include everything from video game consoles such as TVs and PlayStations, to cat condos, kitchen sinks and KOI jelly.

Watch | Check out Crazy Pins on their Facebook page:

“It’s a new ship every Wednesday night, every week. So we start our week on Thursday with 25 days a day, because this is a new ship,” Mousa said.

Prices drop each day of the week until a new ship arrives seven days later.

Items sell for six dollars on Mondays and one dollar on Wednesdays.

Our goal is real life treasure hunting.– Nora Mousa, Crazy Pins General Manager

The rest of the items are donated, recycled or hundreds are packed in mysterious bags and sold for $ 15, the general manager said.

“Our goal is real life treasure hunting,” Mousa said.

Possible solution for online income

Barla Efros, a retail analyst, said the Crazy Pins business model has been operating in the United States for many years.

Efros told CBC Radio Cost of living This type of business emerged as part of due to such news reports CBC’s market investigation, To see what is really going on for online income.

Half of Calgary’s Crossy Pins store is dedicated to bulk wholesale. Customers pay 70 percent off the price written on the box. (Tracy Fuller / CBC)

There is contagion Doubled How Many Canadians Shop Online After COVID-19 Locks and Restrictions.

Unlike regular stores, online retailers like Amazon do not have the infrastructure or resources to handle revenue, Efros said.

“Amazon is not one [physical] The store said, “Efros said,” So you were buying something on Nortstrom, and when you return it, it goes into the distribution center, and they check it and filter it. [and then] They put it back in a store. “

A market inquiry into Amazon revenue found that some items do not return it to the company’s virtual shelves. (Norm Arnold / CBC)

“They don’t have the infrastructure to handle those goods,” Efros said of the online revenue sent back to distribution centers.

“It’s very complicated. From a cost-benefit analysis, they really do not make sense [those returns] Back to the distribution center. So they better pack it. “

When it comes to high quality items such as laptops, playgrounds or televisions Crazy Pins, employees hide special eggs in pots to ensure the safety of customers. If an egg is found, those customers can buy the high quality product for the same daily price. (Tracy Fuller / CBC)

When liquidation centers like Crazy Pins buy to resell that revenue in bulk, they work in collaboration with large box stores and large online retailers who prefer to avoid sending goods overseas.

An Edmonton location in this Calgary Crazy Pins in Alberta is about to join soon. (Tracy Fuller / CBC)

“This is a great way for Amazon to get rid of recalled items,” Efros said, adding that putting items back in the distribution center does not apply to many online retailers.

“Elastic circulation [them] That style is very complex [they] May come from many places and places. “

Crazy Pins could extend past Alberta and Ontario

Crazy Pins opened her first Canadian location in Hamilton, Ont., In February. Later they expanded to Kitchener and London, Ont., And to Calgary and Red Deer, Alta.

“Now we focus on Ontario and Alberta,” Mousa said.

“Our next location in Alberta is in Edmonton. There are two more locations to open in Ontario. Once all of these locations are open, set up and completed, we look to expand to different provinces.”

Written and produced by Tracy Fuller.
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Sophia Harrison

Part time worker

I'm Sophia Harrison working as a part-time staff at the Costco since the past year until I become as an author at the iron blade, hope I can use my experiences with the supermarkets here.

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