One after another, bin stores are popping up all over America.
Theres Bin City New York, located on Long Island.
Cheap Charlies Bargain Bins in Appleton, Wisconsin.
People wait in line and then rush through Hotbins to find items they want in Tampa, Fla., on Friday, June 16, 2023. Hotbins sells Amazon returns. On Friday, every item costs $12. The price decreases each day, and then Hotbins closes on Thursday to restock the store. Chris Zuppa/The Penny Hoarder
Bargains in a Box, a Chicago-based chain.
Not to mention Where Ya Bin in Columbus, Ohio.
Whats a bin store, you ask?
Think of it like a treasure hunt.
Weve got some tips for how to shop at these places.
How Do Bin Stores Work?
Most of these stores operate the same way.
They get truckloads of returned or overstock merchandise from Amazon, Walmart, Target and other major retailers.
They pick one day a week to set out their new products everything at the same price.
Each day after that, the price drops.
On Thursdays they close all the stores and restock them with a fresh shipment of returned goods.
Probably not as good as youd like.
It always seems like an uphill battle to build (and keep) a decent amount in savings.
But what if your car breaks down, or you have a sudden medical bill?
Ask one of these companies to help… Everything from small kitchen appliances to cordless vacuums, camera lenses and coffee makers.
Two weeks ago, someone found a telescopic sight for a rifle.
It was a $4,000 value on Amazon.
He paid $12.
You name it, weve had it.
Weve had Xboxes, phones, laptop computers.
Then they reload and do it all over again.
Every week they buy a tractor-trailer full of overstock or returned goods.
What can you find in a bin store?
You have to be very customer-centric, he said.
Hes been in business since 2021.
Mike Brassfield ([email protected]) is a senior writer at The Penny Hoarder.
It sounds appealing right?
Check it out here!
