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Home > Financial Resource Center Home > Shopping > Shopping Liquidation Sales

Shopping Liquidation Sales

Liquidation sales typically occur when a store is going out of business or trying to clear out excess inventory, which means that items are often deeply discounted. However, it is important to keep a few key factors in mind when shopping these sales to ensure that you are getting the best deal possible.

Research Before You Go. Check the original prices of items you are interested in purchasing to ensure that the discounted price truly represents a good deal. Keep in mind that some stores may inflate prices before offering discounts, so it is important to compare prices to ensure that you are getting a true bargain.

Inspect All Items. Since these sales often feature items that are being sold as-is, be sure to check for any defects or damage that may not be immediately apparent. This can help you avoid purchasing items that may not be in good condition and may not be worth the discounted price.

Confirm Authenticity. Especially when dealing with high-value or branded items, ensure their authenticity and quality. Liquidation sales may attract counterfeit or subpar merchandise, so scrutinize labels, stitching, or any other identifying markers. For electronics, verify warranties and check for missing accessories. Authenticity certificates or original packaging can also add value to your purchase and safeguard against potential issues down the line.

Consider the Timing. Typically, discounts start at a certain percentage and increase as the sale progresses. While waiting too long risks missing out on your desired items, going too early might mean you're not getting the deepest discounts. Keep an eye on the sale's duration and plan your visit strategically to strike the right balance between selection and savings.
 
Be mindful of your budget. It can be easy to get caught up in the excitement of finding great deals, but it is important to ensure that you are not overspending. Make a list of items you need or want before heading to the sale, and stick to that list to avoid impulse buying.

Understand the Return Policy. Some stores may have a no-return policy or may only offer store credit for returns, so be sure to clarify the return policy to avoid any potential issues.

Negotiate When Appropriate. Polite negotiation can sometimes yield additional discounts or added perks, especially as the sale nears its end and the store is eager to clear remaining stock. However, be respectful and realistic in your negotiations, understanding that not all vendors may be open to bargaining.

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