Unveiling the Contents of a 18-Pound Watch-Filled Mystery Box Purchased from Goodwill
Goodwill Sells Bulk Lots of Donated Watches for Efficiency and Revenue
Charity thrift stores, including Goodwill, have been selling large boxes or bulk lots of donated watches due to their high volume and varied quality. This practice is more efficient in moving inventory, reducing sorting time, and clearing out donated stock that may not attract many individual buyers.
George Burt, ShopGoodwill.com's chief operating officer, explained that this approach is taken to ensure items get a second life and don't end up in a landfill. Even if Goodwill had the resources to price and sell individual donations, it's better to move items quickly.
The bulk lots often contain dozens of timepieces, making them appealing to resellers who purchase in quantity for potential profit. These resellers comb through the contents of the boxes, attempting to flip and profit on the individual watches.
Goodwill sells these bulk lots on sites like ShopGoodwill.com, catering to resellers and collectors. Bulk sales help quickly convert a large donation of similar items into funds to support Goodwill’s charitable programs.
This approach is not unique to watches but applies to many types of small donated goods that are challenging to price and sell individually in stores. Smaller items like watches or Lego blocks are typically sold in bulk to maximize revenue and efficiency.
In summary, Goodwill's practice of selling bulk lots of donated watches is a strategic move to manage understaffing, handle large volumes, and maximize revenue for their charitable programs. This approach not only benefits Goodwill but also provides opportunities for resellers to profit from the individual items within the bulk lots.
- In addition to watches, Goodwill also sells bulk lots of home-and-garden items to optimize efficiency and revenue.
- Aware of the potential for deals-and-discounts, many lifestyle enthusiasts keep an eye on the variety of goods offered in Goodwill's bulk sales, including watches and other items.
- As Goodwill continues to explore methods to enhance their shopping experience, they plan to expand bulk sales to include a wider selection of categories, such as home-and-garden and deals-and-discounts.
