Author Topic: Bingo wholesale club in Brooklyn  (Read 139314 times)

Offline CS1

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Re: Bingo wholesale club in Brooklyn
« Reply #180 on: April 03, 2017, 08:45:42 AM »
$1.89 schmerling bars are probably below cost of the bars, the shipping, including the employees time to unload, to set up, to pay cashiers, pay managers, electricity bills, salaries, insurance bills, building rent fees, etc.... if you add up all those costs together.

On the other hand, the $1.89 isn't going to prevent most of us from buying 10 bars at KRM or BP for $2.29.
It's not a reason to go to Bingo until you add up all of the savings and one-stop shopping benefits. Still impressed by the fruits and vegetable pricing and selection.

They also had pre-cut fruits and vegetables. And p'tcha. Where else can you buy 4 diff types of p'tcha?
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Offline hvaces42

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Re: Bingo wholesale club in Brooklyn
« Reply #181 on: April 03, 2017, 08:56:30 AM »
$1.89 schmerling bars are probably below cost of the bars, the shipping, including the employees time to unload, to set up, to pay cashiers, pay managers, electricity bills, salaries, insurance bills, building rent fees, etc.... if you add up all those costs together.

On the other hand, the $1.89 isn't going to prevent most of us from buying 10 bars at KRM or BP for $2.29.
It's not a reason to go to Bingo until you add up all of the savings and one-stop shopping benefits. Still impressed by the fruits and vegetable pricing and selection.

They also had pre-cut fruits and vegetables. And p'tcha. Where else can you buy 4 diff types of p'tcha?
The Schmerling bars were the same price at KRM. And, fruits and vegetables are blind items with HUGE markups, especially the pre-cut. 
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Offline CS1

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Re: Bingo wholesale club in Brooklyn
« Reply #182 on: April 03, 2017, 08:59:14 AM »
The Schmerling bars were the same price at KRM. And, fruits and vegetables are blind items with HUGE markups, especially the pre-cut.

that's great! So then there's no anti-trust. Just lots of profit when they sell them at $3.99-$4.29 elsewhere?
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Offline hvaces42

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Re: Bingo wholesale club in Brooklyn
« Reply #183 on: April 03, 2017, 09:05:25 AM »
that's great! So then there's no anti-trust. Just lots of profit when they sell them at $3.99-$4.29 elsewhere?
Of course
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Offline TimT

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Re: Bingo wholesale club in Brooklyn
« Reply #184 on: April 03, 2017, 09:06:56 AM »
Just lots of profit when they sell them at $3.99-$4.29 elsewhere?
When  ordering such large quantity ? Of course

Offline nescafe

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Re: Bingo wholesale club in Brooklyn
« Reply #185 on: April 03, 2017, 09:10:10 AM »
Still impressed by the fruits and vegetable pricing and selection.


Prices are pretty good but the quality IME is very bad

Offline ExGingi

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Re: Bingo wholesale club in Brooklyn
« Reply #186 on: April 03, 2017, 09:52:20 AM »
The Schmerling bars were the same price at KRM. And, fruits and vegetables are blind items with HUGE markups, especially the pre-cut.
That is where the groceries make their money.
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Offline JoeyShmoe

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Re: Bingo wholesale club in Brooklyn
« Reply #187 on: April 03, 2017, 10:16:13 AM »
Then we will go back and support our local grocery and say good bye Bingo
IF your local grocer will still be in business at that point...
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Offline cholent

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Re: Bingo wholesale club in Brooklyn
« Reply #188 on: April 03, 2017, 10:18:26 AM »
That is where the groceries make their money.

Don't be so confident. They are perishable items and there is lots of waste
Don't ask stupid questions and you won't get stupid answers

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Re: Bingo wholesale club in Brooklyn
« Reply #189 on: April 03, 2017, 10:18:36 AM »
A hot plate that has exposed 200 degree elements for 25+ hrs straight would need to be top quality for most of us to feel safe enough to sleep while it's on all night.

I sincerely hope nothing bad ever happens with these hotplates, if c"v something does, Bingo better have good liability insurance.
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Offline CS1

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Re: Bingo wholesale club in Brooklyn
« Reply #190 on: April 03, 2017, 10:35:42 AM »
new article from Kosher Today about Bingo: http://bit.ly/BingoArticleFromKosherToday
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Offline shulem92

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Re: Bingo wholesale club in Brooklyn
« Reply #191 on: April 03, 2017, 11:53:00 AM »
actions speak louder than words
Can Costco be sued with antitrust laws? Somehow I doubt it

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Re: Bingo wholesale club in Brooklyn
« Reply #192 on: April 03, 2017, 12:05:54 PM »
Can Costco be sued with antitrust laws? Somehow I doubt it
What does Costco sell below cost?

Costco provides good value, some items at very good prices, great return policies.

Competing on price is an unsustainable business model.
I've been waiting over 5 years with bated breath for someone to say that!
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Offline shulem92

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Re: Bingo wholesale club in Brooklyn
« Reply #193 on: April 03, 2017, 12:10:33 PM »
What does Costco sell below cost?

Costco provides good value, some items at very good prices, great return policies.

Competing on price is an unsustainable business model.
I didn't realize that the point was below cost. Thought it was just about undercutting the market by a significant amount.

Offline aygart

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Re: Bingo wholesale club in Brooklyn
« Reply #194 on: April 03, 2017, 12:17:26 PM »
I didn't realize that the point was below cost. Thought it was just about undercutting the market by a significant amount.
It was in response to this

That's why the game their playing isn't fair. To offer stuff at below profitable levels just because you have deep pockets isn't fair. The hate that's going around against the local grocers as if they're ripping off their customers is misplaced.
Feelings don't care about your facts

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Re: Bingo wholesale club in Brooklyn
« Reply #195 on: April 03, 2017, 12:29:31 PM »
I didn't realize that the point was below cost. Thought it was just about undercutting the market by a significant amount.
Even if not below cost, competing on price is a losing proposition. A profit margin is necessary for success. If one runs an extremely efficient operation, they might be able to reduce margins and still succeed, but that's a dangerous game to play, and one needs another strategy (such as shifting some costs to suppliers in various ways, like Costco and Walmart do with returns, and fines for failure to comply with their specifications of doing business with them).
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Offline Moshe123

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Re: Bingo wholesale club in Brooklyn
« Reply #196 on: April 03, 2017, 01:17:48 PM »
Do you guys know that they have another 16 stores in Israel? I don't think that anyone needs to teach them business. The things are likely sold at a small margin, which can be profitable if they sell so much, and then they have loss leaders, like every store. You can sue for anti-trust on that?

Offline hocker

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Re: Bingo wholesale club in Brooklyn
« Reply #197 on: April 03, 2017, 01:26:44 PM »
Do you guys know that they have another 16 stores in Israel? I don't think that anyone needs to teach them business. The things are likely sold at a small margin, which can be profitable if they sell so much, and then they have loss leaders, like every store. You can sue for anti-trust on that?
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Offline hocker

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Re: Bingo wholesale club in Brooklyn
« Reply #198 on: April 03, 2017, 01:27:49 PM »
FYI In Israel they stopped carrying Osem products since they got into a fight.

http://www.calcalist.co.il/local/articles/0,7340,L-3707180,00.html

Edit: Osher Ad does aprox $5M of business a month with Osem.
« Last Edit: April 03, 2017, 01:38:43 PM by hocker »
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Offline Moshe123

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Re: Bingo wholesale club in Brooklyn
« Reply #199 on: April 03, 2017, 07:23:04 PM »
Was in KRM. They are quite busy. Not crazy. They likely took a big hit, but he doesn't need Tomchei Shabbos.

I heard today of a big company that they are boycotting because they made private label for Bingo. I don't know all the details because they obviously carry many other companies that did the same thing.