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A new discount retail store is coming soon to Sunshine Square in Medford, according to a newly posted sign in front of a plaza storefront.
The store, Crazy Hot Deals, is slated to open in the shopping center between Stop & Shop and Planet Fitness, right next to Old Money Barbershop and Rainbow Shops.
Specifics — like an opening date and the store layout —remain unclear.
What is Crazy Hot Deals?
Crazy Hot Deals is a liquidation-style or “bin” store that is known for buying returned or overstocked items from major retailers the likes of Costco, Amazon, Walmart and Target, and then reselling them at steep discounts.
Here’s how the business model works, based on other store openings:
- Items come from big-box returns and overstock inventories.
- Crazy Hot Deals sells a wide variety of merchandise, including electronics, home appliances, clothing and beauty products.
- They operate on a sliding price model. For example, weekly pricing drops that encourage shoppers to return regularly to catch deeper discounts.
Local and national footprint
Crazy Hot Deals has existing locations in Garden City, New York City and other states.
What shoppers can probably expect is a kind of “treasure-hunt” shopping experience, where they’ll find themselves rummaging through bins of returned or overstocked items.
They can also expect deeply discounted prices and a frequently changing inventory.
Top: The future location of Cray Hot Deals in Medford (Credit: Brian Harmon).
