HHGregg Going-Out-Of-Business Sale Starts tomorrow
I'm amazed there are still people gullible enough to think these going out of business sales are going to offer deals.
Here's how they work:
Merchandise in all stores is sold, in place, to a third party liquidation firm (this has already happened).
The liquidation firm is well funded and has this down to a science. They are not desperate and they are there to eek every penny they can out of the carcass.
The liquidator will usually bring in merchandise that never sold in the stores before. They may also remove high value easily salable merchandise before the sale, or before the discounts become large.
All merchandise will be marked up to full retail. Everything--including stuff that NEVER sold at full retail in the past.
Then they "mark down" everything in the store from X to Y%. Initially the values will be something like 10-30 or 10-40%. The higher value will be for specific types of less desirable merchandise that NEVER sells for anything close to full retail. The lower number will apply to desirable merchandise.
Each week or so, they will increase the discounts. But by the time the discounts are substantial and offer a real deal, little of value will be left.
The suckers will flock in on the first days of the sale, post the sale on Slickdeals, etc. You don't need to be a sucker.
Agree that going out of business sales (the professionally managed ones, at least) offer little in the way of actual deals. Rank and file shoppers hit these things like crazy and anything that isn't picked off by the time it gets really cheap is just sold as a job lot. Meh.
174 Comments
Your comment cannot be blank.
Sign up for a Slickdeals account to remove this ad.
http://www.indystar.co
Here's how they work:
Merchandise in all stores is sold, in place, to a third party liquidation firm (this has already happened).
The liquidation firm is well funded and has this down to a science. They are not desperate and they are there to eek every penny they can out of the carcass.
The liquidator will usually bring in merchandise that never sold in the stores before. They may also remove high value easily salable merchandise before the sale, or before the discounts become large.
All merchandise will be marked up to full retail. Everything--including stuff that NEVER sold at full retail in the past.
Then they "mark down" everything in the store from X to Y%. Initially the values will be something like 10-30 or 10-40%. The higher value will be for specific types of less desirable merchandise that NEVER sells for anything close to full retail. The lower number will apply to desirable merchandise.
Each week or so, they will increase the discounts. But by the time the discounts are substantial and offer a real deal, little of value will be left.
The suckers will flock in on the first days of the sale, post the sale on Slickdeals, etc. You don't need to be a sucker.
Sign up for a Slickdeals account to remove this ad.
I member bose for 149
ikr..