One of the things that you will be seeing more of in the upcoming weeks more store closing. Economic woes have hit the reatil sector hard so companies are cutting back to save money. Normally the savings during a liquidation sale are good but there are a few things that you need to know before you go shop.
- Liquidation companies own the property NOT the company whose name is on the storefront.
- It is common for liquidators to raise the price of merchandise then discount them.
- If the store has other locations compare the open store price versus the liquidation price.
- Check online you may get a better bargain.
- Don be afraid to negotiate price.
- Avoid buying merchandise that the store did not carry BEFORE the liquidation sale.
Liquidator companies are in the business of getting the most for their investment. Don’t be so quick to jump on a so called sale price without doing your home work. If a discounted item is marked up 1000% then discounted 75% there are no savings for you the consumer but lots of money being made by a company that is deliberatly out to mislead the consumer.
With Black Friday looming there will be more of these types of sales going on than ever. If you are armed with the knowledge of what retailers are up to it will be easier for you to avoid the ripoffs and to actually find the few gems available to the savvy shopper.
