How Vertical Integration at Shop LC Destroys the 400% Jewelry Retail Markup
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Retailers selling jewelry to the public will add huge value to their products – sometimes up to 400%!
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“The secret of our affordability lies in vertical integration,” explains Amit Agarwal, Shop LC President. “Retailers selling jewelry to the public will add a lot of value to their products – sometimes up to 400%! Even their wholesale suppliers are cutting, although it is much lower and closer to 40% for the supply chain, but a lot of costs for them. On the way there everyone carries their share. As a vertically integrated company, we manufacture most of the products we sell. That means less middleman surcharges and a better price for our customers. You simply won’t find any other home shopping network that Under can offer $ 10 Lifestyle all day. ”
We all know the best way to avoid markups is to go straight to the source. Shop LC produces around 65% of its products through its parent company Vaibhav Global Limited (VGL). The rest is sourced through carefully maintained and well-maintained strategic partnerships with other vendors and manufacturers who share the group’s purpose of delivering joy.
Affiliates become known through global retail channels and help fulfill VGL’s mission to provide one million meals a day to children in need by 2031. For every item purchased, Shop LC offers a meal for school children in the United States and India. Over 32 million have been deployed since 2017.
While preparing for Christmas, shoppers can expect lots of great deals. From Black Friday doorbusters to hosiery to white elephant gifts, there is something for everyone. During this Christmas shopping season, the Texas-based e-commerce store and home shopping channel offer affordable gifts of all kinds – including sterling silver jewelry below $ 10, Under $ 10 Fridays and a special under $ 8 Day in december.
In order to reduce the buyer’s risk when choosing the perfect Christmas present, Shop LC is extending the return and money-back guarantee to January 17, 2022.
About Shop LC
Headquarters in Austin, Texas, Shop LC, is a wholly owned subsidiary of Vaibhav Global Ltd. (VGL), a vertically integrated company with global sourcing and manufacturing capabilities. Shop LC is a value-conscious, interactive retailer that focuses on the jewelry, beauty, fashion, home decor and lifestyle product categories. Shop LC was founded in 2007 and reaches around 73 million US households via HD programs that are offered live 24 hours a day, seven days a week, 365 days a year. In addition, every purchase through the Your Purchase Feeds program provides a hungry child with a meal. For more information, visit www.shoplc.com and download the interactive app from iTunes, Google Play, or many other streaming devices or televisions.
Media contact
Darren Bogus
Content editor
[email protected]
(512) 903-3021
SOURCE Shop LC
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