› Budget101 Discussion List Archives › Budget101 Discussion List › 5 Reasons to avoid Liquidation sales!!
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January 23, 2009 at 11:13 am #269838
faxonfive
I saw this article and thought that we should all be aware of the reasons NOT to go crazy on spending when we see SALE:
Circuit City recently announced it had hired liquidators to sell off its inventory. While you might think this is a great time to find deals, the truth is that liquidation sales offer few bargains. Keep these facts in mind before spending your hard-earned money.
The first rule of smart shopping is that, if you don’t need it, it’s not a bargain no matter what the price. Liquidation sales are a good way to convince yourself that a want is within reach, and therefore a need.
The prices aren’t that good: When people hear the words “liquidation sale,” they assume the main purpose is to get rid of merchandise quickly, meaning cheaply. While moving the inventory is one goal, it’s not the primary goal. The main point is to make money.
If you still feel you must go to the liquidation sale because you are sure prices will be good, do your homework. Know the prices at area rivals and online. This way, you’ll know what a good deal is.
There are limited forms of payment: The way you can pay for merchandise at a liquidation sale can be limited. Checks, coupons and gift cards probably won’t be accepted. You probably can’t use credit cards in the final weeks, when large discounts come into play.
If you do decide to buy at a liquidation sale, see that the item is in good working condition. Plug it in to make sure it works and open the box to be certain all the pieces are there. You need to take extra care since you won’t be able to return it. Fully understand the return policies and any terms of the sale before you buy. If you can, use a credit card to get protections.
There’s no knowledgeable help: The goal of liquidators is to sell, not to help you decide which of several similar gadgets would best suit your needs. All staff will likely be working the cash registers, and any floor help may have little to no knowledge with technical questions. Basically, there will be no service of any kind, so unless you know exactly what you want, liquidation sales are not the place to try and find something.
I hope this is helpful to you all, it is for me 🙂
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January 23, 2009 at 11:33 am #411810
Tarrien
When my store was starting to close we got boxes full of clothes from other stores. The point was not to get rid of everything- it was just to bide time until we did close. Most of the stuff was actually from summer and we got no new items. That and sales fluctuate. Ours was for a time “everything 7.99” then it went up to “40% off everything”.
And returns can be so frustrating too, its like “we’re closing sales are final” and customers will complain about how they got the wrong pair of earrings or something that won’t affect them greatly.
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January 23, 2009 at 11:33 am #411895
Tarrien
When my store was starting to close we got boxes full of clothes from other stores. The point was not to get rid of everything- it was just to bide time until we did close. Most of the stuff was actually from summer and we got no new items. That and sales fluctuate. Ours was for a time “everything 7.99” then it went up to “40% off everything”.
And returns can be so frustrating too, its like “we’re closing sales are final” and customers will complain about how they got the wrong pair of earrings or something that won’t affect them greatly.
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January 23, 2009 at 11:35 am #411813
faxonfive
Wow Tarrien – its getting to be a scarey place out there!!!
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January 23, 2009 at 11:35 am #411898
faxonfive
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January 23, 2009 at 11:41 am #411821
Tarrien
Yeah, Jobs are definitely becoming much more scarce since all these big chains are going down. The good thing about this though is there will be a time when it all passes and either the chains will come back or we’ll get new kinds of chains which sounds sorta interesting in my opinion.
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January 23, 2009 at 11:41 am #411902
Tarrien
Yeah, Jobs are definitely becoming much more scarce since all these big chains are going down. The good thing about this though is there will be a time when it all passes and either the chains will come back or we’ll get new kinds of chains which sounds sorta interesting in my opinion.
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January 23, 2009 at 2:11 pm #411843
Ms Gee
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January 23, 2009 at 2:11 pm #411926
Ms Gee
This is something I really have to look out for. Our hard earned cash should not be going for “expensive junk or clutter”. It’s so easy to buy just because it is on sale. The best thing I have found is to just avoid the stores or go without the money to spend. In the event that there is a real deal, we can then discuss it with DH and return for it, if its gone……..well, good ridance!!!! That has helped us a lot.
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January 23, 2009 at 2:14 pm #411846
faxonfive
Excellent tip MsGee!!!!!
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January 23, 2009 at 2:14 pm #411931
faxonfive
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January 23, 2009 at 7:58 pm #411980
mmclean11
I went to a Linen’s N Things liquidation sale. The prices really weren’t worth the time. I did get a food processor though, I needed one. What was bad is that it was the “display” model and they were unwilling to drop the price anymore cause they said it was already rock bottom. Whatever! The “sale” price was only $30 less than the original price. I was tempted to buy some Yankee candles but the prices weren’t low enough to get something I didn’t really need!…lol
We’ve been tempted to go to the Circuit City sale…DH really wants one of those flat screen TV’s. Luckily, he keeps saying that we really don’t need a new TV. Our plain old TV still works fine so what’s the use?
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January 23, 2009 at 7:58 pm #412058
mmclean11
We’ve been tempted to go to the Circuit City sale…DH really wants one of those flat screen TV’s. Luckily, he keeps saying that we really don’t need a new TV. Our plain old TV still works fine so what’s the use?
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January 23, 2009 at 10:06 pm #411989
atta76
And I just learned that the liquidation companies are the ones in control, not the company going out of business. A furniture store went out of business here and the liquidation co brought in furniture from another company that had closed and had stuff left that didn’t sell. They are still trying to get the most money possible.
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January 23, 2009 at 10:06 pm #412065
atta76
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January 24, 2009 at 2:26 pm #412130
mmclean11
Get this…DH told me about this last night regarding the Circuit City sale. DH somehow managed to talk to one of the salespersons dealing with the liquidation sale at Circuit City. They actually RAISED the prices then put the items on sale. People are actually paying MORE than if they bought it before the sale. Just goes to show that you should really shop around for the best prices and don’t be fooled by the word sale. I don’t know if this is true but since their main purpose is to make as much money as possible, it definately sounds like they would do something like this.
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January 24, 2009 at 2:26 pm #412203
mmclean11
Get this…DH told me about this last night regarding the Circuit City sale. DH somehow managed to talk to one of the salespersons dealing with the liquidation sale at Circuit City. They actually RAISED the prices then put the items on sale. People are actually paying MORE than if they bought it before the sale. Just goes to show that you should really shop around for the best prices and don’t be fooled by the word sale. I don’t know if this is true but since their main purpose is to make as much money as possible, it definately sounds like they would do something like this.
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January 24, 2009 at 2:39 pm #412137
redring
@mmclean11 103783 wrote:
Get this…DH told me about this last night regarding the Circuit City sale. DH somehow managed to talk to one of the salespersons dealing with the liquidation sale at Circuit City. They actually RAISED the prices then put the items on sale. People are actually paying MORE than if they bought it before the sale. Just goes to show that you should really shop around for the best prices and don’t be fooled by the word sale. I don’t know if this is true but since their main purpose is to make as much money as possible, it definately sounds like they would do something like this.
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January 24, 2009 at 2:39 pm #412209
redring
@mmclean11 103783 wrote:
Get this…DH told me about this last night regarding the Circuit City sale. DH somehow managed to talk to one of the salespersons dealing with the liquidation sale at Circuit City. They actually RAISED the prices then put the items on sale. People are actually paying MORE than if they bought it before the sale. Just goes to show that you should really shop around for the best prices and don’t be fooled by the word sale. I don’t know if this is true but since their main purpose is to make as much money as possible, it definately sounds like they would do something like this.
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January 24, 2009 at 8:27 pm #412210
faxonfive
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January 24, 2009 at 8:27 pm #412283
faxonfive
I have to admit…I got The Areosmith Guitar hero (the game) for my kids and it was $9.00…I checked at Walmart and it was $55.00 ……They had four of them…..so I bought all four and gave them as gifts….Gave one to our kids and it worked great…the other kids we gave the others to…their parents said the games worked fine too 🙂 I think for the most part you have to REALLY look for the deals…but I agree – they raise and then put on sale…you have to definetly watch out!!!
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January 24, 2009 at 11:39 pm #412241
Tarrien
I’m one of those people that would’ve sold it back to a game shop for a little extra cash
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January 24, 2009 at 11:39 pm #412324
Tarrien
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January 24, 2009 at 11:45 pm #412243
tsgal
I saw something on tv the other day about these big sales that stores closing are having. That you really don’t get a bargain after all. They don’t even mark done that much to make a difference at all. Keep you money for more important things, or for a better buy some where else.
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January 24, 2009 at 11:45 pm #412328
tsgal
I saw something on tv the other day about these big sales that stores closing are having. That you really don’t get a bargain after all. They don’t even mark done that much to make a difference at all. Keep you money for more important things, or for a better buy some where else.
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January 24, 2009 at 11:52 pm #412246
faxonfive
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January 24, 2009 at 11:52 pm #412332
faxonfive
I didnt thing about going to game stop and making money on it!! Thats ok, it was a great deal as a gift….the timing was good!! 🙂
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January 26, 2009 at 3:21 pm #412516
donnae
These are some very good ideas!!
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January 27, 2009 at 10:08 pm #412720
faxonfive
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January 28, 2009 at 2:39 am #412756
KawaiiGiggle
DH said the same thing. that’s why he doesn’t shop at liquidation sales. i know i am suckered into buying something but since he told me, i won’t buy anything, unless i’ve been needing it for awhile.
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February 16, 2009 at 3:26 pm #415040
faxonfive
I HATE shopping – lol – but a friend of mine called me yesterday to chat and informed me that while she was shopping she saw over 12 stores in a 1 mile radius that were going out of business!!!!
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February 16, 2009 at 3:48 pm #415043
atta76
Cereal was 25% off but they had the regular price set at $5.89! They hiked the prices WAY up before the discount so you’re not getting a deal at all.
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February 16, 2009 at 4:01 pm #415047
faxonfive
Atta, that is absolutely absurd how they do those things and really think someone is going to buy it!! LOL
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February 17, 2009 at 11:38 am #415150
KawaiiGiggle
Our local Albertson’s is terrible! Their last day is supposed to be Feb 26 so I went in there.
Cereal was 25% off but they had the regular price set at $5.89! They hiked the prices way up before the discount so you’re not getting a deal at all.
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February 17, 2009 at 11:55 am #415158
faxonfive
You said that right Kawaii!!!
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February 17, 2009 at 5:45 pm #415196
brchbell
When my store closed down the head of the company hired a Liquidation Company to run the final thing. All of us employees for our final work session was sent through the store changing all prices. If an item was $1 we changed it to $2.50!
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February 17, 2009 at 6:36 pm #415198
atta76
That’s what I’ve heard. The employees and company itself have nothing to do with it, just the liquidation companies out to make as much as they can.
I’m wondering if it is even worth it to go look on the final day just to see if they’ve lowered anything.
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February 17, 2009 at 10:29 pm #415227
faxonfive
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February 18, 2009 at 3:21 am #415243
Reesie271
I went to check out a local grocery store, Cub foods, that is going out of business. I go through a lot of diet sodas and thought I could stock up cheaply. Yeah right, a 12 pack was marked $6.00!
oh and then 25% off of that was the deal. At my normal Grocery store I can get a 24 pack for less than that and if I hit the right sale I can get 4 – 5 12 packs for 10 or 11 dollars. The only deal I actually got was the milk, it “expired” in 4 days and was marked down to 50 cents a gallon.
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› Budget101 Discussion List Archives › Budget101 Discussion List › 5 Reasons to avoid Liquidation sales!!