Liquidators hired to clean out a closing retail store sell everything, down to the equipent and fixtures. Well, theoretically they do. Jay bought a handtruck from a closing Borders store, paid in advance, and was told to stop by the store to pick up the purchase later that month when the store actually closed. When he did, the store had closed, and all of the fixtures were gone, along with the liquidators. [More]
Do you live near a closing Borders store? Did you receive an e-mail last week promising 10% off in addition to rewards-card discount and liquidation markdowns? Devin did, and he and other customers were frustrated when Borders employees wouldn’t give him the discount promised in the e-mail. Except the message didn’t promise any additional discount. Or maybe it did. [More]
Two big-box retailers are currently liquidating: Ultimate Electronics is closing all of its stores, and almost a third of Borders locations are closing. Surely this presents some excellent savings opportunities for consumers. Let’s be vultures and check in on the progress of the sales. [More]
Consumerist readers know that liquidation sales at big-box stores usually offer nothing but large, rude crowds and crappy deals. An anonymous Ultimate Electronics employee who is also a longtime reader wrote in to offer some tips for shoppers who want to check out the sale. Those tips are really more of a rant about what it’s like to work in a store that’s being liquidated. [More]
CNN Money has posted an informative article about what happens at liquidation sales. Some of the people quoted are fairly critical, but even the liquidation company execs that are quoted admit that a liquidation sale doesn’t exist for the benefit of the consumer. Here are the highlights.
A Good Morning America hidden camera investigation found that if you peel back the label on the “sale” items at Linen’s N Things, you’ll find the old label underneath, with a cheaper price. How do they get away with saying “10-20% off sale” then?