opportunistic-buying
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The $850 Million Treasure Hunt Built From Retail’s Leftovers
Ocean State Job Lot has spent nearly five decades turning retail’s awkward leftovers into useful bargains. Its real product is not any one item - it is the practiced thrill of never knowing what will be on the next pallet.
Grocery Outlet
Grocery Outlet is an American extreme-value retailer that sells name-brand and private-label groceries at prices generally 40% to 70% below conventional supermarkets. Founded in 1946 in San Francisco, it built a flexible 'opportunistic buying' model that scoops up overstock, closeout, and out-of-spec products from suppliers and resells them through a network of locally run, independently operated stores. The treasure-hunt assortment changes constantly, and each store is run by entrepreneurial Independent Operators who split profits with the company and tailor shelves to their neighborhood.