When HN users recommended it
1 HN user recommended this in 2018, in one comment.
20072026
Each tall tick is one HN user's first recommendation. A short tick is the same user again. Click a tick to jump to the comment.
1 HN user recommended this in 2018, in one comment.
Each tall tick is one HN user's first recommendation. A short tick is the same user again. Click a tick to jump to the comment.
> and yet, target can mark up their products higher on average than the competitors you named
Costco and Amazon have lower unit margins because they charge annually for memberships or Prime. Walmart has lower nominal markups because they don't use promotions, so all their nominal markups are their actual markups rather than regularly getting eroded by promotions.
When it all shakes out, the thing that costs ~$15 at Target costs ~$15 at Walmart.
> why do you think target spends so much on branding?
That's what companies with no market power do. They can't significantly raise prices so they push to drive sales volume.
> really understanding a firm's market power and the competitive dynamics of it's market requires a bit more depth than noting that products are similar.
On the other hand, when they're independently selling the same product for the same price...
https://www.target.com/p/lego-minecraft-the-zombie-cave-2114...
https://www.walmart.com/ip/LEGO-Minecraft-The-Zombie-Cave-21...
https://www.amazon.com/LEGO-Minecraft-Zombie-21141-Building/...