Sometimes things at Sears bankruptcy sale cost more

[Guntrader]

Gotta wait a week or so for the deals, just not too long or all the good stuff will be gone.

https://minnesota.cbslocal.com/2018/06/ ... red-sales/

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.

A Sears spokesperson told WCCO it does not set the liquidation prices — that’s the liquidation company’s job.

[leadcounsel]

Last week I went to Sears. Prices even with 10-40 % off we're still not competitive...

[Guntrader]

Most large retail stores have an agreement with their suppliers that if the products don't sell, they can return it for a nominal restocking fee, flooring, and shipping cost.
So ya, not gonna get that $1,500 riding mower for $300.
Maybe $899 plus tax or the liquidator will just send it back.
Not like refrigerated food with a hard expiration date.

[edogg]

It’s like this with every liquidation. Usually the company going under isn’t even involved in the liquidation. They hire or sell out to a liquidation company who runs the show. That liquidator jacks up the price or uses MSRP as a starting point to reduce.

Basically liquidation sales are not worth it. At the beginning, the prices suck. At the end, all the worthwhile stuff is picked over.


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[TechnoWeenie]

When I worked for Sears Holdings, I saw shit like this all the time..

They'd have an LG fridge that was a return, and we'd take the markup off of MSRP. Meanwhile, it was on sale on the sales floor brand new..

So, a 'used/returned' $1999 MSRP fridge would have 20% taken off of it, meaning it's ~$1600, but they'd have the same model on sale for $1499, brand new, because the % or $ discount would be off the regular sales price.

They would also jack up the price of an item a week or two before the sale ad, and then claim a higher % off.... ie they'd normally sell Item X for $99.99, but they'd jack the price to $129.99 a couple weeks before ad, then put it on ad for $89.99 then claim, 'Normally $129.99! 30% off!', when in reality, it was only 10% off... On a few occasions, the 'sale' items had actually been the same price or even cheaper just weeks prior.

I couldn't find a new job fast enough.

[RocketScott]

Yea. The ‘outlet’ store is more miss than hit too.

We got a good deal on a dishwasher but every other time I go in there looking for something it’s more expensive for something that’s beat to hell and missing parts.

I guess that model worked before people carried smartphones and can price check on the spot.


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[joao01]

Toys R Us Liquidation has been hilarious. Same thing. 10-30% off when it first started, but the prices with discount only made the price "normal".

[vic_b]

All good reasons to just buy it if you want it and can afford it, if not, SAVE UP!

[hkcavalier]

Ah, the ol' CompUSA liquidation model. When it's 50% off and still more expensive than buying it online.

[Nate]

They are counting on three things:

Emotional buying
Lack of due diligence
FOMO

After that wave sweeps the store, you really do have discount prices, but it's only on the remaining crap that nobody wants anyway.