Oh, I just found out that the Circuit City Stores Inc. began liquidating $1.80 billion in inventory on Saturday.
Isn’t it sad to have lost such a familiar brand name? I think it’s even depressing is that 34,000 workers are unemployed now.
With weakening economy and looming recession, shoppers have to turn to doing their shopping online to save more money.
Online stores are able to give out more deep discount deals if compared to brick and mortar stores. Products ranging from TVs, cameras, computers, to auto insurance are sold at much cheaper prices, plus free shipping.
Sometimes free gifts or free gift certificates are given out to shoppers to lure them to come back for future purchases.
The golden rule of smart shoppers is to maximize each purchase. That doesn’t always mean getting the best price, but getting the best price for what you really want.
Find out more secrets of highly successful sale shoppers.
1. Off-Season Reaps Best Deals. The best shoppers know to scour sale racks for short sleeves in November, wool sweaters in April, bathing suits in September. What you give up in selection, you make up for in spectacular savings (75-90% off isn’t uncommon).
2. Learn Sale Lingo. An experienced shopper can distinguish a promotion from a clearance, a two-for-one from a buy-one-get-one-half-off. She knows that sometimes something as simple as free shipping may add up to big savings, while 50% off on something she doesn’t need is a waste of money.
3. Make Friends with Sales Staff. A great salesperson is a serious shopper’s best friend. Not only will sales people tell you about upcoming sales, some — especially at boutiques — may even hold merchandise a day or two to give you time to take advantage of the sale.
4. End-of-Season Gives Best Selection. You’ll save big — 40% and up is common — and get to shop from choice pieces if you shop immediately after the season. The day after Christmas is famous for yielding great sales on decorations, but did you know that retailers slash prices on clothing for that day, too?
5. Don’t Be Tempted by Odds and Ends. An embroidered skirt in teal from a big ticket designer at 70% off. Sounds impressive, but successful sale shoppers know that picking around in the odds and ends can be a disaster.
If you don’t have something in your closet to go with the item or if you really don’t need it (or worse, if you don’t love it and are just buying the brand) it’s a waste of money.
6. Beware Coupons and Buy-One-Get-One-Half-Price. Retailers often put stipulations on coupons, such as requiring you to buy a certain amount before they take a discount (e.g. $10 off $50 or more). It sounds like a deal, but that example only amounts to a measly 20% discount.
Select shoppers know they only save about 25% when they buy-one-get-one-half-price (ex: you pay $50 for one item, $25 for the next: Total of $75 on what would have been $100 purchase, thereby only saving 25%).