I work for a building supply company, and even though we don’t have many industry ‘secrets’, there are a couple that may be of interest to a few people out there.
Blab Your Industry’s Secrets
Subtitled: The Sy Syms thread - Where an educated consumer is our best customer.
Granted, we’re not a hardware store or the conventional home center that you’re used to seeing - we’re more of a mason contractor supply yard. That being said, we are affilatied with the Tru-Serv & Ace Hardware co-op buying groups - so here goes:
- Most Ace Hardware Retailers (who put a co-op generated price label on their merchandise) also put a ‘coded’ cost of the product on the label.
They use the VICKSBURGH coding system, where:
V=1, I=2, C=3, K=4, S=5, B=6, U=7, R=8, G=9 & H=0.
So the next time you run in for a gallon of windshield washer fluid, with the retail of $1.59 and an HHHHHGU under it - you’ll know the cost was $0.97.
- Servistar Hardware Retailers (similar to Ace) use the “5” sysyem to code the costs on their labels.
The rule: Subtract the # 5 from the minuend under the retail without carrying. For digits<5 calculate the difference by manually putting a 1 in front of the number.
So the next time you buy a new Stanley 25’ Powerlock Tape Measure for $10.99 and see a “456” underneath the retail on the price sticker, you’ll know that tool cost the retailer $9.01.
Disclaimer:
I blabbed but don’t see it as much of a betrayal. It’s not like people go into hardware store to barter price - they go for the service and convenience the retailer offers. If they wanna save a few pennies, they’ll fight the crowds and wait on a long check-out line at Home Depot or Loews.