Post # 1
Member
1718 posts
Bumble bee
- Wedding: June 2008 - Winery in the Gold Country
I know so many businesses are going out of business and promising deep deep discounts. Today I cruised into my local Circut City to check out the "deals" (nothing good).
There have been a ton of news stories run on how once a company sells their inventory to professional liquidation companies, that there is a good chance that you’re not getting a good deal at all. Here’s an article about it on the web:
http://lifehacker.com/5140260/avoid-getting-fleeced-at-liquidation-sales
Basically, the liquidation company will often mark a product UP in price, and then slash the price a certain percentage… often times the "50% off discount" comes out to be higher than the actual full price the company was charging!
I think this is harder to get away with at an electronics company like circut city, after all, if you’re looking for, say, a TV, chances are you have a model in mind and have compared prices online. But at a store that sells home goods, say, Linens and Things, it’s hard to say what linens cost, and what a "good deal" is.
Anyway, what I’m saying is buyer beware of liquidation sales! They’re not typically "great deals"… especially in the first weeks. If anything, check out the stores THE WEEK you know they’re closing for good… know what you’re looking for… and make sure you know the regular retail prices!
Sorry… long story 🙂 But I laughed a little at the fake "deals" they had going on at Circut City today.
Post # 3
Member
2373 posts
Buzzing bee
I agree. In Michigan Linen’s n things is supposed to be going out of business- they had this huge liquidation sign posted. Nothing was really on sale, just 10 percent off. It was a little ridiculous.
Post # 4
Member
36 posts
Newbee
I agree! I went to circuit city the first day. The sales were lame anyways. They are going to milk it out till their last day in March. The reason they are jacking up the prices is because they need to pay back money they owe. Customers are drawn to discount signs thinking they are getting the best deal in town.
People were lining up like it was a black friday sale. haha.
I’m going to wait till March before I go back in.
Post # 5
Member
72 posts
Worker bee
I saw an article comparing the costs at circuit city’s "going out of business" sale to the cost at other retailers right now. Even at 10-30% off, the "sale" price was at least $100-$400 higher on big ticket items and a good 20% higher on smaller items. I know companies tend to up the price before a sale like this, but this is ridiculous.
Post # 6
Member
181 posts
Blushing bee
yeh i think it just depends. and if you go in knowing what it retails for, the better off you are. we snagged a blender and fancy coffee maker for half off at linens n things. these were items that we were eventually going to purchase so we knew their regular price. they’re also items that don’t really go on sale. so i say we scored. but be careful out there. that’s definitely not always the case. and as far as circuit city, i was expecting big price cuts… but 10% for a tv, please. there are plenty better deals out there!
Post # 7
Member
75 posts
Worker bee
- Wedding: August 2008 - Vineyard on the Delta
ever seen the adam sandler movie ‘don’t mess with the zohan’? a guy in there owns an electronic store named ‘Going Out of Business’. hilarious.
