23 Days till Christmas – Going-Out-of-Business Sales Not Such a Bargain

Tips & Tricks

I’m sorry I missed the past 2 days of Christmas countdowns because I had loads of school work to finish during the weekend. Today’s post is not very Christmasy but since many stores are having liquidation sales this holiday season I thought it would be a good heads up.

Apparently what liquidators do is raise the prices above regular prices and then discount the items. You can end up paying more than regular prices at “liquidation sales”! Here’s an ABC news video about this (it also applies to Canada):

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9 responses to “23 Days till Christmas – Going-Out-of-Business Sales Not Such a Bargain”

  1. vibrantflame says:

    This doesn’t surprise me. The best thing that you can do is inform yourself of what the regular price is. That way you know exactly how much of a deal you are or are not getting.

  2. Reggie says:

    Nice post! It’s funny how ga-ga we all are for a bargain, but you really do need to know your prices to get a good deal. Those marketers are tricksters!!!

  3. Tammy says:

    Great post. I have definately noticed that at the Linens and Things. I bought a couple of items on clearance when the company first announced that it was bankrupt and then went back a couple of weeks later once they were “liquadating” the same two items were double the price again.

  4. Roxy says:

    My question is: how is this legal? There oughta be a law against that kind of thing…

  5. abfab says:

    Great piece, I had no idea they did that but does explain why i find few bargains at liquidation sales. I was in l&t a few weeks ago and was amazed at the number of people buying stuff. everything i looked at was cheaper at other stores, especially now with all the xmas sales. i find i only get good deals closer to the store closing when everything is 75% off or more.

  6. natalka says:

    This is totally true, and as others have said, it’s us having to be familiar in general with what items are ‘worth’ and what they regularly sell for. It’s like a typical problem we have here for example with our Safeway – they double the price one week, and have a Two for the Price of One sale! ARGH!

  7. Jim Squires says:

    I honestly don’t see the issue. When the liquidators buy the stock they’re not buying it at the “clearance” price, they’re buying it at whatever the wholesale price is. Taking an item off clearance and resetting it to it’s base value before you put your own sale price on it makes perfect sense to me.

  8. Jenn says:

    I noticed that Linens and things have their Going out of business sale – but they’re only advertising maybe 30% off if I remember right. As I said to my dad… I’ll wait until they are REALLY going out of business before I step in there. You know, the day before they’re actually closed and everything must go. Liquidation is always bull, and I’ve found that for the most part. Liquidation world doesn’t even offer great deals any more, most of their items being comparible to regular retail prices.

  9. The_Scarecrow says:

    I looked under the price tag of an item I bought 10 days ago and sure enough the price was $10 lower for the old price. I don’t trust anything liquidation anymore. The prices did seem a bit high even for regular price.

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