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Cars & Coffee Killer
Join Date: Sep 2004
Location: State of Failure
Posts: 32,246
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Where You Always Get a Free Onion
When I moved to Bloomington, there was a store called "Direct Factory Outlet" that sold cheap furniture at rock-bottom prices. Its commercials always ended with the line "where you always get a free onion".
Since I have been in Bloomington, this guy has, like clockwork, shut down his furniture business every two years and started a new one under a new name. He always does the commercials, and he almost always gives the onion line.
I wonder, is there any advantage to going out of business every two years?
The best I can think of is that he sells stuff at a loss or a near loss, and when it comes time to pay for the inventory (he's strung his suppliers along for as long as possible), he declares bankruptcy and starts a new furniture business.
Thoughts?
__________________
Some Porsches long ago...then a wankle...
5 liters of VVT fury now
-Chris
"There is freedom in risk, just as there is oppression in security."
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