Liquidation and Closure of a Store Does Not Automatically Mean Price Reductions
When a store goes out of business (like the recent closure of Sports Authority ), it usually has good sales to get rid of all of its merchandise. However, as Consumerist points out, these “liquidation sales” can be misleading.
Contrary to popular belief, a liquidation sale does not necessarily mean that items will be selling at the lowest prices. Consumerist explains how they actually work:
A liquidation sale means that the goods that were sold before the liquidators came to power are no longer sold. The original price increases to 100%, and then the price gradually drops. The liquidator will first tag the items with 10% off, then 20% off, and finally move on to some actual deals that may even surpass competitors’ selling prices.
In other words, if you’re in a rush to save money as soon as the sale starts, you might feel better by waiting a bit. For more details, check out the full publication at the link below.
Here’s What You Should Remember Before You Start Closing Sports Authority Stores Today | Consumer