WARBURG FAMILY SLAVEMASTERS RAKING IN 27% PROFITS FROM UNPAID WORKERS IN BRITAIN
User ID: 5546541
07/03/2012 01:44 PM
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Poundland and alike are parasites. Most people don't realise how they operate - their business model is totally unsustainable. I'm so fed up of hearing people rave about them and say things like "well if Poundland can sell it for one Pound then just imagine how much the shop down the road must be making!"
Fucking idiots. Poundland and similar stores buy overstock and returns by the pallet load from the big logistics and warehousing companies (Wincanton for example). These logistics companies handle the warehousing and transport for the large department stores and supermarkets (Tesco, Debenhams etc for example). When there are returns they get palleted and sent back to Wincanton etc, and sit in their warehouses, the same goes for overstock, wrong orders etc. The original client then tell Wincanton etc to 'get rid of it' as they have to pay fees for the warehousing. It is at this point that buyers for Poundland etc come in and buy it all up.
All very well and good you may say? But the problem is that it creates unrealistic expectations in the minds of the retarded consumers out there. Poundland and alike are basically buying their stock way below cost from the big boys (often with very protected contracts and agreements) - hence they can sell it for next to nothing. This works well for Poundland, the logistics companies and the huge stores, but it means that small and medium sized businesses, who have to buy at wholesale and then add a mark-up to make any money and stay in business (and employ people and pay taxes), are royally screwed because the idiots compare their prices to places like Poundland and don't understand the difference.
Poundland = parasitic vultures. I've been boycotting them for a long time. I'd rather pay a bit more and support a sustainable system.