You Should Find a 'Bin Store' Near You (2024)

When customers return merchandise to retailers, it often winds up sold at so-called “bin stores” where the prices decline over time—and you can get some serious bargains.

You Should Find a 'Bin Store' Near You (1)

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Once prices go up on merchandise, they rarely—if ever—go back down. Even if the systemic reasons behind their initial rise change or improve, prices typically stabilize at the new, higher point—until the next shock raises them again. Everything is more expensive today than it was just a short time ago, so you probably could use every bargain you can find. One of the best tools for finding discounted items has become a rapidly growing trend around the U.S.: the bin store. Chances are there’s one or more of them near you right now, and the way they operate can translate into incredible savings if you’re willing to put a little effort into their gamified shopping experience.

What is a bin store?

A “bin store” is a store that takes all the overstock, returned, and clearance merchandise that big retailers like Amazon or Target need to get rid of. These stores deal in huge volumes (Americans return a little over $800 billion worth of stuff every year), and need to make room for incoming inventory on a regular basis. Bin stores accept weekly shipments of this unwanted inventory, and then dump it all into categorized bins—hence the name. The stores are typically large retail spaces filled with tables covered in bins, and in each bin is a jumbled collection of similar products (shoes, electronics, clothing, etc.).

Most of these stores then operate on a weekly schedule of declining prices. A typical schedule works like this: They receive a fresh shipment of merchandise on Thursday, so they’re closed. On Friday, they open again, and everything in the store is $12. On Saturday, everything is $10. On Sunday, it’s $8—and so on, until the next Thursday, when they close to restock and the pricing resets.

This turns shopping into a bit of a treasure hunt or a game. If you go on the first day of the cycle, you’ll pay more—but there will be more to choose from, and your chances of getting a bargain on what you're looking for are much higher. Go later in the cycle and you can buy more with your money, but you might have a harder time finding what you want or need. Some bin stores keep a flat price all week, but those are uncommon exceptions.

How to find a bin store near you

Bin stores are a relatively new phenomenon, but they’re multiplying rapidly. There’s probably a bin store near you, and there are a few ways to find them:

  • Websites like Bin Store Finder offer listings by state. Just click on your state to see a list of the bin stores located there.

  • Bin store companies like Opan Bins or Where Ya Bin maintain listings of their locations on their sites as well.

  • Facebook. A lot of bin stores use Facebook as their point of contact, so searching through local listings on the social media platform can help identify bin stores that aren’t in other listings.

Tips for shopping at a bin store

Shopping at bin stores can be chaotic fun, but they don’t operate like other retailers. Aside from the declining prices, which adds an element of strategy to your shopping excursion, there are a few other things to consider in order to amplify the potential savings:

  • It’s physical. The merchandise is dumped into bins, so you’ll need to be ready to dig through piles of boxes and bagged stuff to see what’s there. These stores can get crowded, especially on the first day of the price cycle, so there’s an element of Black Friday energy, as well; be prepared for some jostling and crowding.

  • Scout. Many bin stores post previews of the latest shipments the day before they reopen, and this can give you an idea of what to look for—and where. Noting the physical location of specific bins can help you zero in on the good stuff immediately. Plus, bin stores all have their own policies; for example, some only accept cash. Scout those policies as well so you’re prepared.

  • Inspect. The stuff in these stores is often “like new,” but they can also have defects and damage. Examine everything before you buy it. If it’s boxed, most bin stores have employees who will unbox it for you so you can see what you’re buying.

You Should Find a 'Bin Store' Near You (2024)

FAQs

Where should bins be stored? ›

Whenever possible wheelie bins should be kept in a secure position away from the property itself and out of immediate view. Where this is not possible, bins should be placed away from doors and windows; this will minimise the impact on your property should your bins be set alight.

What's the deal with bin stores? ›

It's a retail store that sells overstock, returned, and clearance merchandise from major retailers. The merchandise is typically sorted into bins (in case you were wondering where the name came from) by category, and shoppers can dig through the bins to find deals on name brand products.

What makes a bin store successful? ›

Bin stores can be profitable if they are managed effectively and efficiently. These stores typically sell merchandise like overstock, customer returns, and discontinued items, at far lower prices than other retail stores.

What is bin in stores? ›

Bin stores that sell overstocked and returned goods are popping up across the US. Prices can differ each day of the week and depend on when a store receives its shipment.

Where is the best place to store garbage bins? ›

Go for a Garden Shed

It provides shelter from the elements, hides unsightly trash, and keeps the can safely stored away. If you decide to place your garbage can in a garden shed, make sure you measure the width of the door first to ensure it's large enough to frequently move the can in and out.

Why are bin locations important? ›

An efficient bin location system points out exactly where to stock a product, preventing misplaced or lost items. Your staff can save much time during warehouse operations such as: Receiving products from suppliers. Transferring products between warehouses.

Do bin stores make money? ›

Because bin stores sell items for dirt-cheap prices, their profits depend on moving a lot of volume.

What does bin stand for selling? ›

The BIN (Buy It Now) is a price the seller has set where you can just buy it out right rather than bidding on the item.

What makes a good BIN? ›

Fingerprint proof.

For example, are there small children whose little hands touch everything? Then you should rather go for a lovely stainless steel waste bin, but make sure the model has a fingerprint-proof coating. This prevents fingerprints of little hands all over the bin.

What does the BIN tell you? ›

A bank identification number BIN is the first four to eight digits printed on a payment card. BINs identify the bank or financial institution that issued the card to the cardholder. BINs are included on most payment cards — credit cards and debit cards, prepaid cards, gift cards, and electronic benefits cards.

Why is a BIN important? ›

BINs help banks and financial institutions identify cards that have been compromised or stolen because it provides information about the type of card being used, the type of bank, and other information about the issuing company and cardholder.

What is a BIN location? ›

A bin location is the smallest possible unit of storage that contains products in a warehouse.

Are Amazon BIN stores worth it? ›

Key Takeaways: Amazon Liquidation Stores offer a wide variety of products at discounted prices, making them a budget-friendly option for shoppers. It is important to thoroughly inspect items at Liquidation Stores for any damages or missing parts, as they are sold “as is” without warranties.

Can you leave your bin on the street? ›

You must not store your bin on the street. It should be on your property when it is not out for collection. Collection will take place after 5:30am.

Can you keep bins in the garage? ›

You should always keep your bins within the boundaries of your property and not just leave them out all the time on pavements or in lanes. Keep them in your front garden, on your drive or inside your garage or back yard.

Where should large bins be kept in a kitchen? ›

There are a few options for keeping large bins in a kitchen. One option is under the sink. It can be a good option because it keeps the bin out of the way and frees up space in the kitchen. Another option is to keep the bin in a cupboard or pantry.

Where do you store full bin bags? ›

Make sure your full trash bags are in a receptacle or container like a rollaway bin, even when they're inside a shed or garage.

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