Overstock.com vs. Big Lots
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This paper compares Big Lots as an Internet and brick and mortar retailer with Overstock.com. The paper looks at both companies' use of closeout items and examines the strategy of Big Lots. The paper discusses how Internet sales of Big Lots is limited to distributors, while Overstock.com sells to retail customers over the Internet.
From the Paper:"The retail industry typically does not deal in perishable inventory. If something does not sell today, it can be reduced in price and sold tomorrow. If it still does not sell, it can be reduced more or returned to the manufacturer. Savvy price-conscious consumers who are willing to wait for goods that perhaps are slightly out of fashion or which have been superseded by technological innovations can often find good deals by looking for retailers who specialize in these overstocked items."
Cite this Comparison Essay:
Overstock.com vs. Big Lots (2008, December 01) Retrieved July 27, 2021, from https://www.academon.com/comparison-essay/overstock-com-vs-big-lots-120814/
"Overstock.com vs. Big Lots" 01 December 2008. Web. 27 July. 2021. <https://www.academon.com/comparison-essay/overstock-com-vs-big-lots-120814/>