How to Buy Excess Inventory From Retailers
For more than two years there has been a shortage, well, there is no shortage. From toilet paper and hand sanitizer at the start of the COVID-19 pandemic to infant formula and tampons , supply chain issues and labor shortages are now making it hard to find some staples.
But while retailers are running short on some items, the combination of rising inflation and the lifting of some pandemic-related restrictions (and people effectively leaving their homes as a result) have left them with a surplus of some items, including apparel and apparel. high-value goods such as furniture and household appliances.
In such situations, some stores, looking to recoup their costs and empty their shelves before new products arrive, are having some serious sales this summer. A recent DealNews report has some tips on how to make the most of the discounts that result from overstocking retailers. Here’s what you need to know.
Pay attention to news related to retailers
The issue of overstocked retailers hit the headlines about a month ago when Target warned its investors of an upcoming short-term profit cut after a markdown to clear excess inventory. And the big box store isn’t alone: Walmart, Macy’s , Gap, and Kohl’s are also reporting higher-than-usual inventory levels and clearance sales to take merchandise off their shelves.
Don’t expect special sales to reduce inventory
Sometimes retailers announce stock-reduction sales meant to move old items before new ones are available near the end of the year. But don’t expect most stores to announce this type of sale right now: instead, pay more attention to what appears to be regular seasonal sales, as they will include discounted items and surpluses.
Look for seasonal sales
As a rule, seasonal items in a store go on sale as the season ends, and people are more interested in buying things that they can use right away (or at least soon) than goods that they will need to store almost. year. But given the overstocking situation right now, some retailers are offering seasonal items at off-season prices.
Check Out Discount Retailers
Some stores have a business model based on buying items that other retailers have been unable to sell and selling them to consumers at a discount. Given the current situation, we can expect increased stock and perhaps even lower than usual prices at stores like TJ Maxx, Marshalls, Burlington, Ross and Gabe’s, as well as sites like Overstock.com.
Don’t spend money you don’t have
If what you want is on sale right now, but you don’t have the funds to buy it right now, don’t go into debt. According to DealNews , these are not unprecedented discounts, and sales at similar discounts are likely to occur in the future.