A lot of businesses are going out-of-business or closing stores -- if you are lured into any of these sales, be careful. Many of them promise 30% off (or more) but they are either selling the items at a percentage off the
listed price or they've jacked up the price significantly. You may think you're getting a deal but you might not be, so pay attention.
One of my favorite stores has always been
Goody's (mostly clothing, some jewelry & gifts). Goody's is a discount store -- not like T.J. Maxx or Ross but
their prices have always been significantly lower than the
list price -- many times I've seen the exact same thing in
Goody's that I've seen in
Macy's -- but the price is often $15 - $20 lower. However, now that the
Goody's store here is closing, they are having a huge sale -- except the
sale price is the percentage off the
listed price,
not the previously
lower Goody's price -- and, if you're not careful, you may end up actually paying
either
more or the
same than you would have before.
I've heard that Circuit City has
raised their prices, then marked them
down from the higher price -- so folks
think they're getting a super deal. Of course, if folks aren't familiar with the pricing in particular stores, they may not realize what's happening.
I realize that these businesses are trying to cut their losses during these desperate times but it really doesn't leave me with much goodwill toward these stores. I
am not saying that
all stores are doing this but it's worth noting that some definitely are.
As an aside, you also have to watch
percentage off coupons -- even for stores
not going out-of-business. For instance, I frequently use a coupon at
Borders -- but, in
small print, the coupon often says "25% of the
list price
"
. For books, this usually doesn't make much difference because the
list price is usually
the price but, for some reason, the price marked on
DVDs is usually lower than the
list price
--
however, the percentage will be taken off the
list price, not the
lower price. This same thing happens on websites like
Deep Discount -- they're
usual prices are really great but when they have a sale, the discount is almost always off the
list price -- so, while it may still be
cheaper than what you might find elsewhere, it'll be more than you think if you're trying to subtract the percentage off from the already discounted prices.
Jeez...I don't know if I've made one iota of sense -- so I'll just leave you with this -- watch out!