Going Out of Business Sales – Best Deals

You're reading Going Out of Business Sales – Best Deals, posted on Thursday, March 4th, 2010 at 9:23 pm in Shopping, on BrainBloggers at the Shopping blog. More after the jump.

When anyone sees the sign or an advertisement that claims “Going out of Business Sale” automatically he or she will think, “yes, I can get the best deals there”. In theory these sales should technically save you the most money possible, based simply on the basic idea that the store will no longer be in operation when the sale is complete. However this is not necessarily so and it thus requires some vigilance on the part of any customer who is promptly moved to spend money at these sales. There are a couple factors to consider that can make these prices less likely to be worth it. Also in current times there has been an upsurge in the number of “going out of business sales” because of the recession that has not been kind to many stores that have lost their edge. Fortunately there has been some media coverage on this problem which has helped to uncover some of the less than ideal activities that have occured during these sales.

Factors that May Affect Liquidation Sales

The major factor that leads to less substantial rewards from these types of sales are as a result of the use of liquidators who normally handle these sales. Most large chains will hire liquidation companies to carry out these sales. Once a liquidator is involved they will try to obtain the greatest profit on behalf of their company. They do not operate at a loss nor do they discount the items in favour of the customers. It has been said that liquidators often raise the prices at the start of the sale and progressively lower these prices during the period in which the sale will be carried out.

Liquidators are not above misleading customers into thinking that the products are sufficiently discounted and are possibly the lowest prices they will encounter during that period. The liquidators as said before function purely to make a profit. They will not close the sale with a loss. It is even said that these liquidators will sell any excess merchandise to overseas locations that are more willing to buy merchandise at any cost in lieu of reducing the price below a profitable margin.

Another factor that may affect going out of business sales may be as a result of illegal activities. This simply refers to those sales that are truly not going out of business sales. In instances such as these a sign that indicates a closing down sale will be erected, however there will be no actual reduction in the prices. In certain states laws are put in place to reduce the numbers of scams that occur. However, they still materialize occasionally and are most obvious when the store is located within an individual’s area.

How to Find Going out of Business Sales

If the company is a large enough company these sales will be widely advertised on the television. You may see these advertisements on regular network channels quite often.

Another great place to check is your local newspaper or other newspapers that should also advertise these sales frequently.

The internet is also another search tool that will provide you with adequate information on these types of sales.

If you are an avid radio listener you will also have the privilege of using this source to detect any “going out of business sales”.