As I wear my Buyer's hat, I try to spot items that others might buy.  There are many well known designer items sold marked IRR and sold for less in discount stores.

Initially, I was really stressed when items marked "IRR".  As I investigated and labored, I determined that there are at least two levels of "IRR":

1. Items designated IRR by manufacturers and printed on their packaging.  These may have minor defects, some not detectable by the human eye.
2. Items designated IRR by discount department stores.  In many cases, there may not be a defect at all!

Consider this...why are the items marked IRR and how does that affect the saleability of the items?

After I carefully considered this question, I returned all of my products that were labeled IRR by the manufacturer.  I determined that the IRR causes items to sell at a slower rate and for less money.  It doesn't mean that the items are NOT good products but they may not sell well.

Those items marked IRR by the discount department store are better investments because the manufacturer has not given warning.  These items can be returned to the store because they have defects.  Then why are they marked IRR by the discount stores?  Perhaps this is required by well known designers for obvious reasons!  When buyers have a choice of purchasing a designer item for $200 from a high end department store or $10 at a discount store, word gets around.  The perceived value of the item goes down so those who like to pay $200 stop buying the product all together.  Those who like the discount price of $10 rush to the discount store.  The overall value of the designer product goes down, the items lose prestige, and the company might go bankrupt!