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by carlps
1867 days ago
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I'm not intimately familiar with either side, but I see it as:
- Costco buys x amount of product at y price from seller and then sells it in its store.
- Amazon provides a platform for sellers to sell with a cut going back to Amazon. There is a fundamental difference between being a retailer and providing a retail platform. All Costco would really have access to is how much they've bought and how that has performed for them. Meanwhile Amazon is providing a platform for companies with a policy that they will only use their data to help them, which is what is allegedly not happening. |
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This isn't really how it works. Retailers very often have arrangements to defer payments until after the product is sold.
In fact, in France, retail margins are so thin that supermarket chains reportedly make most of their profit by selling the inventory, investing the money in short-term funds, then paying the suppliers one month later and keeping the interest.