Brothers Stuck with 17,700 boxes of Sanitiser they Bought to make Profit from Coronavirus Panic
Matt and Noah Colvin, drove thousands of miles to pick up as many bottles of the handwash as they could after the 1st death was recorded in the USA, spending between $10,000 and $15,000 on their haul.
They had hoped to flog the $1 bottles for $70, with people panicking over the spreading disease. However, after Amazon put a block on accounts trying to make money from the crisis, they left with 1000s of bottles, unable to sell them.Speaking to WRCB, Matt said: “The bulk of it was purchased just driving around to retail stores in the Chattanooga area.
“The pricing on Amazon was definitely higher than retail.”
But when asked whether he would apologise for buying so much sanitiser after seeing families struggling to buy just one, he said: “No, I don’t think I would.”
Adding: “With business, there’s wins and there’s losses, and this is a situation where cutting my losses is the right thing to do.”