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The primary thought I have regarding pricing at grocery stores is, "Man, Safeway has these apples on sale for half the price they're selling for at QFC. I sure
by ISL 4y ago
The primary thought I have regarding pricing at grocery stores is, "Man, Safeway has these apples on sale for half the price they're selling for at QFC. I sure wish I could buy apples at Safeway and sell them to QFC."
Unfortunately, that's not how the world works. There's a bid and an ask. The bid for outside groceries is usually zero. But I still think about it.
Someday, Amazon will let us buy and sell items in their warehouses without taking delivery -- that'll be a good day.
- lotsofpulp 4y agoThat is how the world works. It is just that an individual buying at Safeway and selling to QFC will not have the reputation, scale, or timeliness to be able to make it worth QFC’s time and effort to buy from an individual.
- mym1990 4y agoThere are lots of cases of arbitrage that come up but they usually get gobbled up pretty quickly. But usually the increased cost of operation across borders erases any gains you might get from it.
- brewdad 4y ago> Someday, Amazon will let us buy and sell items in their warehouses without taking delivery -- that'll be a good day. Maybe for the one doing the arbitrage. For the rest of the world, having every little purchase be akin to buying tickets to a concert or sporting event will be a nightmare.