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>>But Zinn immediately discovered $45m of listed inventory was missing. Living in Manhattan in 1983, when the cable installers came to hookup service, they off
by toss1 5y ago
>>But Zinn immediately discovered $45m of listed inventory was missing.
Living in Manhattan in 1983, when the cable installers came to hookup service, they offered us brand new TVs at about half the price of Crazy Eddie's stores - from what little I could find out, it seems they'd been recruited by Eddie's warehouse workers to push fell-off-the-truck / out-the-backdoor sales of Eddie's inventory.
I'd bet that there were a lot of the appointments that bit on that offer. I was not surprised to see Eddie's rapidly declining in the following year. You just can't survive with truckloads of your inventory going missing every day...
And reading about how he paid employees 'off the books', no surprise they were also freelancing off the poorly controlled inventory flow.