BlueRayDick:


What u described here is totally different from what he claimed in his post.

He claimed mega marts buy items and add 80% profit margins on it thereby making the product expensive unnecessarily to the final consumer .

Now what u explained up there is mega marts leveraging on economies of scale. They negotiate with producers to sell to them at a cheaper price because they are buying in large quantities so they can sell at almost same price with other wholesalers/retailers . The mart has not done any wrong doing this. In fact it is a commensalism relationship between the producer and the mart . Neither is the final consumer suffering by paying a higher price .

He alluded that mega marts deliberately hike prices and I’m asking him to show such instances and maybe mention such products he thinks they do that on

Ibime:
Sod09


https://www.nairaland.com/8117100/reno-omokri-culture-cutting-yam

izzou:


Sorry, i didn't follow it from the beginning.

And also, nothing is wrong to me. If you wan sell am 2 billion, na your business be that.

Who wan buy, make e buy

Ibime:
Sod09


https://www.nairaland.com/8117100/reno-omokri-culture-cutting-yam

BlueRayDick:


Exactly ! It will even be foolishness on a businessman’s part to hike the price of his product when he has so many competitors springing up everyday .

For example within 15-20 minutes drive from me I could access 2 booku mart, 2 justrite, 2 Jendol, 1 Reno store , 1 Belenco and a few handful of not so popular stores/marts that sell almost the same products . If one mart decides to price themselves out of the market , I will move to the others with more competitive pricing .

chidekings:

when you cultivate the culture of going to the market to make your purchases,you will discover that most of this shopping malls are mini thieves.

chidekings:

when you cultivate the culture of going to the market to make your purchases,you will discover that most of this shopping malls are mini thieves.

GloriousGbola:


it is actually the other way round.

indomie is currently 400 or higher on the street but in at least two malls it is N335 for the 100g pack

market square has consistently sold coke below what it is sold everywhere else. it is only n the past month they raised their price of coke to 350

you have to take the time to check multiple stores. because sometimes, you actually cannot make sense of their pricing regimen. ie one store ha s the item for 5k, another has it for 7k

by the time you regularly visit different stores, you will know which one is the best place to buy a particular item

and that is the problem with the market, because they will always size you up first before giving you a price.

if you are in festac, avoid temple hill though - since their fire incidents, their prices have been 101% ridiculous.

BlueRayDick:


lolz. This comment is neither here nor there.

Mention items u buy in shopping malls that are more expensive in malls than "markets". Is it beverages, toiletries, provisions , etc?

chidekings:

when you cultivate the culture of going to the market to make your purchases,you will discover that most of this shopping malls are mini thieves.

chidekings:
that rexona will be way cheaper in the markets.

Ibime:
Sod09


https://www.nairaland.com/8117100/reno-omokri-culture-cutting-yam

chidekings:
most malls use this tactic,some basic things will have good prices like drinks and things like indomie.....but for many other stuffs,the profit margin they put there is outrageous.

izzou:


Abeg which Nigerian market will cut yam for you to check the inside before you pay?

You never buy yam, and the seller will now divide into two for you to check?

GloriousGbola:


it is actually the other way round.

indomie is currently 400 or higher on the street but in at least two malls it is N335 for the 100g pack

market square has consistently sold coke below what it is sold everywhere else. it is only n the past month they raised their price of coke to 350

you have to take the time to check multiple stores. because sometimes, you actually cannot make sense of their pricing regimen. ie one store ha s the item for 5k, another has it for 7k

by the time you regularly visit different stores, you will know which one is the best place to buy a particular item

and that is the problem with the market, because they will always size you up first before giving you a price.

if you are in festac, avoid temple hill though - since their fire incidents, their prices have been 101% ridiculous.

BlueRayDick:


Which other stuff is their profit margin outrageous? Mention those items.

I bought a TV, a microwave, and a home theatre system in the electronic section of these malls sometimes in the past and at each point in time the prices I got were better than what Emeka, Chimaobi, Okwy God and sons sold in their big electronic stores. And the chances of buying a fake appliance is even reduced when u buy from these malls cos they buy directly from the major distributors in naija.

BlueRayDick:


Which other stuff is their profit margin outrageous? Mention those items.

I bought a TV, a microwave, and a home theatre system in the electronic section of these malls sometimes in the past and at each point in time the prices I got were better than what Emeka, Chimaobi, Okwy God and sons sold in their big electronic stores. And the chances of buying a fake appliance is even reduced when u buy from these malls cos they buy directly from the major distributors in naija.

iamoyindamola:

I think flint1 said he has a regular seller that do that for him

Ibime didn't know it's rare to be doing such in our country if not for the economy crisis

chidekings:
also another example,most phones like techno,ifinix and the rest are way costlier in the malls than their counterparts outside the malls,and yet they are the same quality and everything.what i see as the problem is when buying outside,you should know where to look and not just buying from anyone you see.

izzou:


I don't know if that picture circulating about half yams for sale is true

But i am sure that nobody will divide a yam for you to check if it is good, before you pay (unless the seller na your friend). They already have halves which they will show you.

If Reno wants to lie to people born last night, very okay.

iamoyindamola:

It's actually true, I posted it here before that people now buy half yam in the market
That was when ibime said it's normal in their side

izzou:


Wow.

So would they have divided the yam before you come, abi na for your presence dem go cut am?

chidekings:
that rexona will be way cheaper in the markets.

iamoyindamola:
Blueraydick
Do you watch power book 2
S4e1 just dropped

chidekings:
also another example,most phones like techno,ifinix and the rest are way costlier in the malls than their counterparts outside the malls,and yet they are the same quality and everything.what i see as the problem is when buying outside,you should know where to look and not just buying from anyone you see.

izzou:
Broccoli for Aboki wheelbarrow, cheap pass Broccoli for Shoprite

Stationeries at Kings street, Lagos Island and CSS Bookshop is cheaper than ShopRite

There are items that are rip offs in these big malls.

But in general, they have more cheaper items, especially those made in Nigeria

izzou:
Broccoli for Aboki wheelbarrow, cheap pass Broccoli for Shoprite

Stationeries at Kings street, Lagos Island and CSS Bookshop is cheaper than ShopRite

There are items that are rip offs in these big malls.

But in general, they have more cheaper items, especially those made in Nigeria