Especially right now, there are a lot more liquidation sales happening than ever before. Many retail chains are closing underperforming stores or are just closing down for good.
Shopping the liquidation sales can save you a ton of money, but there are still some ways to get an even better deal – and things you should know before you shop these sales.
When liquidation sales first start, they’ll have plenty of inventory. Unless you fear an item will be gone quickly, waiting a few extra days could save you even more. Avoid shopping liquidation sales the first few days they start and the savings will rack up with each day you wait.
For high ticket items, this could mean savings hundreds more from one day to the next. Liquidation sales typically last about 8 to 12 weeks. As each week passes, the discounts get bigger.
While you may want to wait to buy, you will want to check stock regularly for items you really want. Holding out for a bigger discount could mean not getting items at all if they run out.
The moment stores announcement closures, their gift card value drops. Before you shop, check discount gift sites like Raise and Gift Card Granny. Before you do, call the local store running the liquidation sale to ensure they still accept gift cards.
Most stores do honor them; however, in some bankruptcy instances, they may not. If they do – buy discount gift cards and you’ll save beyond the closeout prices.
Getting a better price may be as simple as talking to the manager. Store managers are often granted special permissions to give discounts not available to the general public.
This can work for retailers big and small and you’ll have your best luck towards the end of a liquidation sale. I actually tested this theory out a few years back at a K-Mart that was closing down.
They had six pool lounges left on the floor. I first asked the manager if he could offer a better price if I bought two. Although he wasn’t willing to do that, he told me he’d give me 50% off the already discounted price if I took all of them!
I got a better deal than I was trying to get and learned that it never hurts to ask. Last but not least, be aware that anything you buy is yours to keep. Inspect items carefully before purchasing and ask to test any electronics or electrical items before you make your purchase.
For boxed items, if they are not securely packed – open the box and ensure all of the items are there.
Right now, you can find liquidation sales at these major retailers (select locations). Many of these started liquidation sales a few weeks ago or more meaning this weekend would be a great time to shop and save!