When I was growing up in Brooklyn, my mother taught me to always buy discounted goods. The most obvious trick was to buy at the end of the season when retailers were clearing out inventory to make space for the upcoming season.
Covid has caused huge shipping delays, some up to 2 years. This out-of-season and now-surplus stuff is the flip side of inflatio caused by the delays.
**Stores Have Too Much Stuff. Here’s Where They’re Slashing Prices.** **Retailers are getting ready to cut prices of goods that were popular during the pandemic. Expect ‘discounts like you’ve never seen before.’** **By Rachel Wolfe, The Wall Street Journal, June 14, 2022**
**Calling all shoppers: Big discounts are coming.**
**Target, Walmart and Macy’s announced recently that they are starting to receive large shipments of outdoor furniture, loungewear and electronics everyone wanted, but couldn’t find, during the pandemic.**
**The problem for retailers — that these goods are delayed by almost two years - could be a windfall for those in the market for sweatpants or couches. Look for prices to start dropping around July 4, analysts say.**
**“There are going to be discounts like you’ve never seen before...Deep discounts are expected on oversize couches, appliances and patio furniture that are more expensive for companies to store in their warehouses...Consumer electronics are another category ripe for overstock discounts...Sales are likely to start in July and escalate over the summer in time for back-to-school and the holidays. ...**
When I was growing up in Brooklyn, my mother taught me to always buy discounted goods. The most obvious trick was to buy at the end of the season when retailers were clearing out inventory to make space for the upcoming season.
Ross Stores – Dress for Less (ROST) does the end of the season buying for you and you get bargains all year long. Good stock to own as well.
Oh I thought you were talking about discounts on stock prices. I just moved cash into wife’s Tax Free Savings Account (TFSA) the equivalent of two years space as we missed her last year. Yes I wasn’t going to do that anymore but I still owed her one last round. No idea what we will buy yet, may just add to existing positions.
Thanks for posting this, it did not occur to me that there would be sales on anything with
all of the “supply chain” troubles. Going to be in the market for new deck furniture, thought that
it would definitely be a full price purchase.
sigh more media hype. I see clickbait every day, armloads, on MSN and Yahoo home pages, promising HUGE discounts on anything you can imagine.
If the media is screaming “huge discounts”, do you really think you are getting a deal, without checking the historical prices? I see “SALE” prices at the grocery store. If I peel the SALE label off the shelf, as often as not, I find the regular price underneath is exactly the same.
If Macy’s etc were not running sales they’d have changed their business model.
Worse if these news stories were not pestering us endlessly we’d all assume with the current inflation we do not want to shop at Macy’s etc…
The news stories are free advertising. Or planted stories as a quid pro quo for the paid ads.
If the lawn furniture is really that deeply discounted interesting. Okay, but they want any of us in the door to see because we might buy something else.
The news stories are free advertising. Or planted stories as a quid pro quo for the paid ads.
Over the years, it has been routine for the local “news” to tout “black Friday” deals, specific items at specific stores. Every time Apple comes out with a new product, the “news” is touting it. Wasn’t there some change in the Apple OS that the “news” was touting only a couple weeks ago? I wonder what the “news” charges for those adverts for Best Buy and Apple, among others?
Then there is the “weather app” thing the local TV weather “report” touts endlessly. They routinely take about 30 seconds out of every three minute report to scream “get our app, Get Our App, GET OUR APP!!!” Is it adware, or spyware? They wouldn’t spend so much time on it if they weren’t making money off it.
Some 20 years ago I was working in a restaurant that was just opening. The owner told me she had 3 news stories interviews lined up. She needed photos of the outside of the restaurant. She had two front pages.
I was impressed.
She explained she bought advertising space and insisted on a news story for free. Easy peasy to get.