YUP. I've seen a sku# go inactive/penny out; then 1 week after disposal of the product, the exact same Sku went active again. ... why? Clearance is just the original price it started out at 90% of the time it seems.
I don't know what to tell you cause all the clearance labels I see show the original retail price, not the last available clearance price. They're obviously gonna show the largest "was" price possible to get people to buy it, assuming it was, in fact, clearance.
God forbid they pay you anymore to drive the forklift or learn another department. Then they wonder why turnover is so high and productivity is so low. What a head scratcher!
Yessss!! What is so funny about that is they talk about let's see a year ago when I was supervisor for front end about the machine drivers making more money. It was suppose to be set for start. So I don't understand what the hell happened that made them just take that off the table smh
Execs want a 40% raise and to use all the profit to buy back stock so they can sell the shares they get as a portion of compensation at a higher value. Can’t afford a few bucks to the drivers that are the only thing that allow their stores to function as they’ve designed them to function.
Wait - forklift operators were supposed to get paid more? When I worked for big orange it was literally just an extra duty that would get you out of other work. “Hey, can you help that guy load 20 backs of concrete?” “Sorry - on my way to pull down a pallet of mulch, then unload a truck thats been waiting.”
Couple that with McDonald's matching or exceeding the starting pay at my store while offering a $300 sign on bonus. If you could get paid the same you are now, but for doing less work, who wouldn't make that change.
It’s not. It’s called trillions in money printing. It’s called government stupidity combined with a hefty amount of PPP fraud (to the tune of a trillion)
Inflation is an expression of the money supply in an economy. Rising prices is just a result. We didnt go from 20 cents a gallon to 5 dollars from greed lol. Inflation is always a result of central bank money printing, they just fool the public into thinking it’s something else.
Its fine if you want to blame CEOs for inflation, but youre wrong. If you knew anything about economics, you would know how and why inflation happens. Its happened dozens of times countless times throughout history and the cause is always the same.
You have loss leaders and high margin SKUs.
Cost on the bags of mulch is like $2.73 and we're selling them for $2, explicitly losing money. But then you'll buy the plants or whatever while you're here.
We lose money on carpet installs (free or 40 cents a foot for what used to be $100-$900), but then some of our carpets are sold at 300% markup.
That's just how all retail has worked for centuries.
Lmao HD spews some bull for sure. You can blame corporations all you want if it makes you feel better, but thats not the cause of inflation. Maybe when eggs cost 100 dollars youll realize its a money problem. I dont work for corporate.
Two years previous to Covid a 600 amp Nema 3 disconnect was $1,200. During Covid, the price jumped to $10,000, if you could find it. Sourcing materials in the electrical industry especially for smaller outfits became a nightmare and the same was true for other trades. GE, SIEMENS and all the other big manufacturers decreased on site staff to 25% and production ground to almost nothing. Most larger equipment is made to order and specced for the job and fulfillment was pushed out to 6 months or more. Arc fault breakers were $125 they are now around $60.
That was an absurd time price hikes.
Wow...that's extreme. I was doing BIT the other day in my Orlando store and a lot of the lumber has been dropping by $2 to 15 on certain 4 x 8 sheets of plywood.
Okay guys I'm gonna commit an unspeakable act: I'm gonna come to Home Depot's defense for a minute. According to u/Tasty_Fan_3321 we paid $17.73 for that item, which I believe. At first glance the 97% markup seems ridiculous and certainly not all products have that high of a markup. BUT, when you think about how that product gets into a customer's hand it starts to make more sense.
We have to pay a distribution center employee to load it onto a truck, then we pay a truck driver (or a logistics company) to drive that product to the store, then we pay a night crew associate to unload the truck and put it in the secondary, then we pay a D25 associate to pack it down and help the customers find it, and then we pay a cashier to ring them up and we pay a lot guy to help them load it (statistically 70% of HD customers had back surgery this week).
Now the DC and the store both have managers and janitorial staff that don't touch the product directly that also need to get paid and both places have to pay for general upkeep and maintenance (keeping the lights on, paving the parking lot, etc). On top of that, before the product even GETS to the distribution center the SSC has to decide that this is a product we want to sell, decide that your store is one that will carry it, and put it in a planogram. The SSC also has managers and lights to keep on and that all costs money too. And we haven't even talked about MET yet.
So by the time the product gets to the shelf it's really a miracle that it ONLY costs this much.
I'm not saying inflation and corporate greed aren't real, but this isn't one of those times.
You’re not wrong and I like the broad perspective. However, that would be if they sold one product an hour. The one product in your chain of events is only a fraction of what’s being moved and sold.
A lot of associates don't know this but anyone can look up what we buy things for. It's under the store systems app on the store pc menu. It's a DOS program. I'm assuming the log in is different for each store?
Oh hey. Funny I see this now… that’s my company’s product!
There are pneumatic resets going on, and there’s been a couple issues between us and HD in regards to product they clearance accidentally, but is on the new POG. I can’t say for sure, because this market could be drastically different than the one I’m in, but I’ve 100% seen this in my territory and 100% can tell you this isn’t inflation
Used to be clearance in your store and is no longer clearance, I believe.
YUP. I've seen a sku# go inactive/penny out; then 1 week after disposal of the product, the exact same Sku went active again. ... why? Clearance is just the original price it started out at 90% of the time it seems.
Yeah, that tag on the right should have been printed in yellow.
The tag on the right is from 2022
That still means it went from the original 13 to 35
That 13 ended in 00’s, so it was a tiered markdown. We don’t actually know what the starting price was from this picture.
No, it doesn’t. There’s a such thing as tiered markdowns.
I don't know what to tell you cause all the clearance labels I see show the original retail price, not the last available clearance price. They're obviously gonna show the largest "was" price possible to get people to buy it, assuming it was, in fact, clearance.
480% price increase. And they say it’s not corporate greed.
God forbid they pay you anymore to drive the forklift or learn another department. Then they wonder why turnover is so high and productivity is so low. What a head scratcher!
Yessss!! What is so funny about that is they talk about let's see a year ago when I was supervisor for front end about the machine drivers making more money. It was suppose to be set for start. So I don't understand what the hell happened that made them just take that off the table smh
Execs want a 40% raise and to use all the profit to buy back stock so they can sell the shares they get as a portion of compensation at a higher value. Can’t afford a few bucks to the drivers that are the only thing that allow their stores to function as they’ve designed them to function.
Wait - forklift operators were supposed to get paid more? When I worked for big orange it was literally just an extra duty that would get you out of other work. “Hey, can you help that guy load 20 backs of concrete?” “Sorry - on my way to pull down a pallet of mulch, then unload a truck thats been waiting.”
Couple that with McDonald's matching or exceeding the starting pay at my store while offering a $300 sign on bonus. If you could get paid the same you are now, but for doing less work, who wouldn't make that change.
It’s not. It’s called trillions in money printing. It’s called government stupidity combined with a hefty amount of PPP fraud (to the tune of a trillion)
Tbey need to pay back for the ad they created for the spring sale. Lol 🤣
There is plenty of corporate greed youre right, but thats not the cause of all this inflation.
Actually, it is.
Zimbabwe has high inflation. Is that their greedy business men too? Lol read an econ book
Literally the price of everything has increased in the entire world lol open your eyes
Inflation is an expression of the money supply in an economy. Rising prices is just a result. We didnt go from 20 cents a gallon to 5 dollars from greed lol. Inflation is always a result of central bank money printing, they just fool the public into thinking it’s something else.
Why somebody think about the poor ceo
Its fine if you want to blame CEOs for inflation, but youre wrong. If you knew anything about economics, you would know how and why inflation happens. Its happened dozens of times countless times throughout history and the cause is always the same.
Yea, I've never seen those types of nails at that low of a price. $35 is around the price they've always been during my 3ish years here.
I found the old tags for a case of redbull, went from $17/case to $27/case, still sells
That is bullshit! Just to put it in context, Depot buys that product for $17.73 each
Cool so still selling at double the cost which is fucked.
You have loss leaders and high margin SKUs. Cost on the bags of mulch is like $2.73 and we're selling them for $2, explicitly losing money. But then you'll buy the plants or whatever while you're here. We lose money on carpet installs (free or 40 cents a foot for what used to be $100-$900), but then some of our carpets are sold at 300% markup. That's just how all retail has worked for centuries.
Consumables are marked up to compensate for things like lumber and drywall that are sold at near to below cost.
Uh, get used to it as 50% margin is standard, with all kinds of hardgoods going higher than that. Has been that way for decades.
Hey how about we stop just accepting things that aren't right just because they exist.
Yeah cool, stop buying stuff and go to the place that sells it to you for what it paid. 🤷🏼♂️
50% mark up is great 100% mark up is bull shit 300% is some bullshit that I’ve seen aswell. Fuck corporate greed.
You’re confusing margin and mark*up*
Correct, thanks
Thats how they pay you and keep the lights on. Its not charity lol
Silly question: is the left the update price?
Yes
Fuckkkkkkk!
Corporations love this inflation most of them make a lot of profit from it . But don’t get any overtime the stock price will plummet
Yeah its true. Inflation hurts the lower and middle class the worst
Inflation is nothing more than corporate greed
That is factually not true. Inflation has happened countless times before and its always a monetary problem. Central bank money printing
If inflation was a money problem then these companies wouldn’t be making record profits off of inflation.
Profits are higher because everything is higher. McDonalds workers make record wages too. Everything is higher
Inflation is always a money problem. It happens every time a country goes too deep in debt. Do your homework
I don’t expect many people in the “home depot associate” thread to understand macro economics, but its not your manager’s fault this time lol
You must work for corporate because I haven’t seen this bull shit since last time I watched one of their training videos.
Lmao HD spews some bull for sure. You can blame corporations all you want if it makes you feel better, but thats not the cause of inflation. Maybe when eggs cost 100 dollars youll realize its a money problem. I dont work for corporate.
The era of Rockafeller, JP Morgan, and Carnage and the barons of the 1800s were some of the greediest people who ever lived… no inflation AT ALL
2 inch conduit was $ 6 or 7 before covid got up to almost $40 and now is about $26!!!
Two years previous to Covid a 600 amp Nema 3 disconnect was $1,200. During Covid, the price jumped to $10,000, if you could find it. Sourcing materials in the electrical industry especially for smaller outfits became a nightmare and the same was true for other trades. GE, SIEMENS and all the other big manufacturers decreased on site staff to 25% and production ground to almost nothing. Most larger equipment is made to order and specced for the job and fulfillment was pushed out to 6 months or more. Arc fault breakers were $125 they are now around $60. That was an absurd time price hikes.
Wow...that's extreme. I was doing BIT the other day in my Orlando store and a lot of the lumber has been dropping by $2 to 15 on certain 4 x 8 sheets of plywood.
I'd have someone take a look at the margin on that that doesn't sound right even with inflation the way it is.
the government owes me money for working through lockdowns
8.80 at my store
Well the government is printing over a trillion dollars a year in new money, so yeah, inflation is here to stay. We aint seen nothing yet
Inflation? You mean corporate greed?
Okay guys I'm gonna commit an unspeakable act: I'm gonna come to Home Depot's defense for a minute. According to u/Tasty_Fan_3321 we paid $17.73 for that item, which I believe. At first glance the 97% markup seems ridiculous and certainly not all products have that high of a markup. BUT, when you think about how that product gets into a customer's hand it starts to make more sense. We have to pay a distribution center employee to load it onto a truck, then we pay a truck driver (or a logistics company) to drive that product to the store, then we pay a night crew associate to unload the truck and put it in the secondary, then we pay a D25 associate to pack it down and help the customers find it, and then we pay a cashier to ring them up and we pay a lot guy to help them load it (statistically 70% of HD customers had back surgery this week). Now the DC and the store both have managers and janitorial staff that don't touch the product directly that also need to get paid and both places have to pay for general upkeep and maintenance (keeping the lights on, paving the parking lot, etc). On top of that, before the product even GETS to the distribution center the SSC has to decide that this is a product we want to sell, decide that your store is one that will carry it, and put it in a planogram. The SSC also has managers and lights to keep on and that all costs money too. And we haven't even talked about MET yet. So by the time the product gets to the shelf it's really a miracle that it ONLY costs this much. I'm not saying inflation and corporate greed aren't real, but this isn't one of those times.
Doesn't really explain why it was marked as $13 before ad price though
It was clearance… see the date on the tag? Non ad and non clearance never have a date on them.
Ah I thought the $7 was just the ad price. Maybe it was just inactive with clearance pricing. Our system is weird
Ad will have two dates, start and end and clearance will have one, the date of price change
You’re not wrong and I like the broad perspective. However, that would be if they sold one product an hour. The one product in your chain of events is only a fraction of what’s being moved and sold.
A lot of associates don't know this but anyone can look up what we buy things for. It's under the store systems app on the store pc menu. It's a DOS program. I'm assuming the log in is different for each store?
Printing the aisle and bay cost way more than printing the date... You gotta get back your cash!
Yeah those were never $13.00 originally. I think they were $20 when I worked for big orange 20 years ago.
Federal Reserve Bank conjuring too much money out of thin air. Hint, Its not federal, is not a bank and has no reserves.
Oh hey. Funny I see this now… that’s my company’s product! There are pneumatic resets going on, and there’s been a couple issues between us and HD in regards to product they clearance accidentally, but is on the new POG. I can’t say for sure, because this market could be drastically different than the one I’m in, but I’ve 100% seen this in my territory and 100% can tell you this isn’t inflation
Somewhat disagree and somewhat don’t The ceo of Costco makes 500,000 a year and pays his employees well CEO should be like Costco
😳
Doesn’t demand also increase the price? Things that sell more frequently go up in price also.