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Woot is a liquidator, not really related to Groupon, LivingSocial, et al. Liquidators have existed for eons, Woot simply brought it to the general public - inst
by potatolicious 13y ago
Woot is a liquidator, not really related to Groupon, LivingSocial, et al. Liquidators have existed for eons, Woot simply brought it to the general public - instead of dollar stores and cheapo stores.
Maybe Woot is the post-Groupon. After you Groupon'ed your business to death by slashing your revenues 75% at a time, folks like Woot get to sell off the skeleton. As long as businesses keep failing and inventory management keeps sucking, Woot will have plenty of business.
That's actually a thought though: a lot of liquidation inventory comes not from outright failing businesses but just really poor demand forecasting and logistics. With improvements in these fields Woot may find it harder and harder to source compelling products.
- sliverstorm 13y agoWith improvements in these fields Woot may find it harder and harder to source compelling products. Or it could go the other way! Woot seems to have no shortage of goods to liquidate (notice the proliferation of "sub-woots", like "woot tshirts") so perhaps as demand is better forecast, quantity of surplus of any one good will decrease, increasing the variety and decreasing the amount of time any one item features on their front page... which could be very good for them.
- dazzla 13y agoWoot! doesn't actually liquidate so much. A lot of their sales are on products that are not available in the market yet. Plus their own products such as their t-shirts.