Costco Merchandise They Return

2024 Author: Steven Freeman | [email protected]. Last modified: 2023-12-17 08:15

One of the advantages customers of Costco warehouses like best is the ability to return merchandise that is not to their satisfaction when they want, even without a receipt.

Whether because the taste of a product was not to your satisfaction or because a plant did not flower, Costco stores receive back everything that does not please their members with the only exception of products such as electronics and household goods, which They can only be returned to the store within a period - also quite generous - of 90 days.

But have you ever wondered what Costco does with the merchandise they return to their stores? The answer is very simple: discount stores of different names and sizes buy it to resell it.

In different states there are companies that buy the returned merchandise by volume and sell it with huge discounts. The products, which often come intact, unopened and without missing any part or piece, are sold in places like GTM Stores -in San Diego, California-; Island Overstock in South Carolina or Steelz in Salt Lake City and Boise, Idaho, to name just a few examples.

According to the specialized forum Quora, the owners of these types of discount stores buy the products returned to Costco at a discount value and pay 9-11 cents per dollar of the value of the object and then resell it with a profit margin of 400%.

Still, the merchandise is a steal, and items ranging from furniture and clothing to cereals and light bulbs are available at incredible discounts and without having to pay a Costco membership!

By the way, these types of stores also buy merchandise returned from companies like Amazon, so you know!