Oct 31, 2024 Current Resources

Save BIG By Shopping At Bin Stores: What They Are And How They Work

(TheDailyCurrents.com) – If you are the type of person who loves a good bargain, but you haven’t been to a bin store, you must be missing alot. These stores are becoming more popular in cities nationwide, and the trends are all around social media. With the inflation rate at three percent, you need to save a dime wherever possible. Bin Stores have been the way to go for many individuals adhering to a budget. In this article, you will learn what Bin Stores are and how they work.

What is a Bin Store?

If you have been in the social space, you must have seen videos of influencers shopping for bulk returned products from Amazon and other sites. Bin Stores work similarly. They are stores where customers rummage through tons of returned products in high-tech storage bins sold at a standard price. All prices reduce each day until they restock.

How Do Bin Stores Work?

According to the National Retail Federation, products worth $761 billion were returned to Walmart in 2021. The figures are consistent for other online retailers such as Target and Walmart. So, where does all this merchandise go to? This is where bin stores come in. They get overstocked products from major retailers, sell them at standard low prices, and subsequently reduce the price throughout the week.

For example, Hotbins is a chain of bin stores in Florida. They resell returned products from Amazon. Every Friday is a stocking day. They start at $12 and $10 on Saturday and subsequently reduce until Wednesday, when everything goes for $2. They take a day to restock fresh products from the returned goods.

Tips for Shopping at Bin Stores

These are some tips that will help you get the best deal when shopping at a bin store.

Follow the Rules

Bin stores have a different model of shopping compared to other typical retailers. Due to an impromptu influx of shoppers, they impose some regulations to maintain safety and give everyone a chance to get something. They may sometimes not allow strollers or purses. They may also limit the number of products you can buy. Returns are also not allowed.

Arrive Early

Everyone loves a good bargain. Most bin stores get customers lined up before they open. Other locations have “line passes” that go for about $5 to $50 to reduce commotion at the door. Some people carry lawn chairs to book a spot. This is because good quality products are available for the first few people. Learn how a store near you works to make a plan.

Make a Plan

Focus on the products you need and the store you want to visit. This will help you stick to your budget and avoid overspending. Some stores provide a sneak peek of the items on sale on their social media platforms.

Check Products Before Purchasing

Most of the products in bin stores have been returned because of flaws such as being damaged or missing parts. Though some dents are minor, some products might be completely useless. Always test the items to ensure they are working. Plug them in with the help of store employees, as some may be at risk of short circuits.

Buy Right Away

There is no harm in waiting for a product to depreciate the following day. If you need it, it is best to buy it as you may not be guaranteed to find it the next day. Most products are disposed after a sale week.

Bottom Line

Bin stores are gaining popularity, and more stores are constantly opening nationwide. Some are available on Bin Store Finder. Bin stores do not provide shopping bags, be sure to carry one.