Kin Hubbard on Stores Losing Money
on Saturday, November 9, 2013Kin Hubbard Money Quotation saying nobody ever worries about retailers being profitable by selling at suggested retail prices – they prefer the stores lose money on clearance and overstock items. Kin Hubbard said:
Bargain… anything a customer thinks a store is losing money on” — Kin Hubbard
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In this quote, Kin Hubbard is pointing out that the concept of a “bargain” is subjective and based more on the perception of the customer rather than the actual costs to the store. Hubbard suggests that customers will view any item or sale that seems like the store is losing money on it as a “bargain”, even if the store is still making a profit.
So the quote highlights how the psychology of shopping and feeling like one is getting a good deal influences what customers deem a bargain, not necessarily whether the store is losing out financially.
In a humorous way, Hubbard acknowledges that the perception of getting something cheaply can outweigh reality for customers.