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Coronavirus price gouger stuck with 18,000 bottles of sanitizers after Amazon bans him
Posted on 3/14/20 at 12:05 pm
Posted on 3/14/20 at 12:05 pm
quote:
On March 1, the day after the first coronavirus death in the United States, brothers Matt and Noah Colvin set out in a silver SUV to pick up some hand sanitizer. Driving around Chattanooga, Tennessee, they hit a Dollar Tree, then a Walmart, a Staples and a Home Depot. At each store, they cleaned out the shelves.
Over the next three days, Noah Colvin took a 1,300-mile road trip across Tennessee and into Kentucky, filling a U-Haul truck with thousands of bottles of hand sanitizer and thousands of packs of antibacterial wipes, mostly from “little hole-in-the-wall dollar stores in the backwoods,” his brother said. “The major metro areas were cleaned out.”
Matt Colvin stayed home near Chattanooga, preparing for pallets of even more wipes and sanitizer he had ordered, and starting to list them on Amazon. Colvin said he had posted 300 bottles of hand sanitizer and immediately sold them all for between $8 and $70 each, multiples higher than what he had bought them for. To him, “it was crazy money.” To many others, it was profiteering from a pandemic.
The next day, Amazon pulled his items and thousands of other listings for sanitizer, wipes and face masks. The company suspended some of the sellers behind the listings and warned many others that if they kept running up prices, they’d lose their accounts. EBay soon followed with even stricter measures, prohibiting any U.S. sales of masks or sanitizer.
Now, while millions of people search in vain for hand sanitizer to protect themselves from the spread of the coronavirus, Colvin is sitting on 17,700 bottles of the stuff with little idea where to sell them.
“It’s been a huge amount of whiplash,” he said. “From being in a situation where what I’ve got coming and going could potentially put my family in a really good place financially to ‘What the heck am I going to do with all of this?’”
LINK
Posted on 3/14/20 at 12:07 pm to Pecker
quote:
That's not a real thing
Profiteer / Price gouger, whatever you want to call him....you get my point.
Posted on 3/14/20 at 12:09 pm to rickgrimes
I'll give him 350 for the lot.
Posted on 3/14/20 at 12:09 pm to rickgrimes
Someone is going to get a hell of a deal at a July yard sale.
Posted on 3/14/20 at 12:09 pm to rickgrimes
They sure do learn 'em good over in that part of the state.
Posted on 3/14/20 at 12:09 pm to rickgrimes
Someone needs to go steal that Uhaul.
Posted on 3/14/20 at 12:10 pm to rickgrimes
Good frick him, hope he has to eat the cost of it all
Posted on 3/14/20 at 12:10 pm to rickgrimes
If the stores would have increased prices appropriately people like him would not exist. His venture would have been made impossible.
Price gouging is not real. It’s a necessary component of capitalism so that all who need a product can have access to it.
Price gouging is not real. It’s a necessary component of capitalism so that all who need a product can have access to it.
This post was edited on 3/14/20 at 12:12 pm
Posted on 3/14/20 at 12:10 pm to rickgrimes
Eh - capitalism, though.
Posted on 3/14/20 at 12:11 pm to rickgrimes
The thing is, he could have just sold it at a modest markup and done quite well. The greedy frick cost himself in multiple ways.
Now he has to go set up at a flea market for the next five years trying to unload all that shite.
Now he has to go set up at a flea market for the next five years trying to unload all that shite.
Posted on 3/14/20 at 12:11 pm to bayoubengals88
quote:
Price gouging is not real. It’s a necessary component of capitalism so that all who need a product can have access to it.
Posted on 3/14/20 at 12:12 pm to rickgrimes
quote:Not a real thing
Profiteer / Price gouger,
Posted on 3/14/20 at 12:13 pm to rickgrimes
But Amazon is perfectly fine when they are making billions in profits on a normal day?
Posted on 3/14/20 at 12:13 pm to AlonsoWDC
Think about it. Have you ever thought before?
You’ll come around. Think it through.
You’ll come around. Think it through.
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