Minnesota is losing three more Sears stores by September amid the retailer’s latest cuts. As those stores close down, liquidation signs are going up and, WCCO found, some of the prices are, too.
WCCO compared prices on several items at the Brooklyn Center store just before liquidation started, and again on the first day.
A Craftsman riding mower was listed as 10 percent off for liquidation, priced at $1,889. But buyers could’ve saved $300 more dollars by purchasing it the week before, when the sale price had it listed for $1,499.
It was a similar story for a Craftsman push mower.
Sears’ current liquidation price: $450. Before liquidation, the same mower was on sale for $399.
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9 comments:
They all do it, Gander mountain did it, Toys R US did it... They all do it!!! And to my point: This shows how stupid most of you people are, you think if you hear or see the word sale, that you are getting a sale price... It could be $80 bucks but you see the word sale in front of it for $90 bucks and your like oooo look, a sale... Lets buy it immediately..
Same ol same ol. Such a "sham".
Kmart did the same thing. I went there for 40% off and saw the same shirt I bought a year ago for $7 marked at $21 less 40%. That's $8.40.
So I left.
I noticed the same thing at Kmart before they closed.
All a scam to try and make you think you are saving money when you are not.
"They" don't actually do it. The companies generally turn the marketing over to a liquidation specialist that, under contract, sets the prices and provides all of the advertising, etc. They work from a list of MSRP (full retail) numbers, then go down from there. As part of their income is derived from how much they get from each item, they'll try for the most first.
10:22 No. You are wrong. There is one guy that goes around raising the prices out of spite. His sole purpose in life is to overcharge as many people as possible.
"...You are wrong. There is one guy that goes around raising the prices out of spite..."
Yeah, it's the same guy who sets gasoline prices every day, right?
Regular business practice.
Welcome to American Marketing
June 26, 2018 at 10:31 AM:
One guy? Man, take your meds and get some coffee. Maybe even look up what Liquidators do when they are hired for a bankruptcy. There is nothing new in the way Liquidators get rid of inventory. Their practices have been around since Liquidators first started as businesses that were created to solely get rid of existing inventory, at the highest price. You will never get a good deal at a liquidation sale unless nobody wants it, or it is defective, or damaged in some kind of way.
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