How to Shop Going Out of Business Sales
Posted on Wednesday, August 19th, 2020 at 7:00 am
The COVID-19 pandemic has caused many stores to go out of business. Some of them are well-known brands that have been around a very long time. There is opportunity for smart shoppers to get the best deals from going out of business sales.
It may be tempting to buy things that you don’t actually need. Before making a purchase, take a minute to think about whether or not you actually have a use for the item. For example, replacing your old coffee maker with a new one – at a discount price – is a good idea. Buying clothing you won’t wear is a waste of money.
Do you have gift cards for the store that is closing? Now is the time to use them up! Before you visit the store in-person, check the store’s website to see if it is still accepting gift cards. Do you have coupons? The store may or may not take them, so keep that in mind as you shop.
The best deals aren’t likely to happen immediately. Going out of business sales are similar to clearance sales. The products included in the sale start of at a discount. As time goes by, the discounts increase. The longer you are able to wait, the better a deal you will get. However, there is a chance that the item you want will sell out if you wait too long.
Are you planning on buying an appliance from a going out of business sale? Doing so can be a bit of a gamble. Before you make the purchase, find out if the warranty is with the store that is going out of business, or if it is with the manufacture of the appliance.
The manufacturer of the appliance will likely continue to be in business after the store you bought it from closes. That kind of warranty is less risky than one from the store that won’t exist much longer.