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Home Tips > Useful > Tips For Going Out Of Business Sales January Is A Popular Month For Business To Go Out-Of-Business. Here's a guide to navigating the closeout or going Out-Of-Business sales and save a lot of money.
Shop early
“Everything must go!” “Going out of business!” “Store closing!” Savvy shoppers salivate over signs like these. However, as those discounts get deeper, the merchandise selection gets shallower. Not only will the selection be limited, but remaining items will most likely of lesser quality.
Floor sample sales are final
The best deals are often on floor samples. Sure, it comes in an open box, but that bargain-basement price is worth it, right? Not necessarily. Keep in mind that, should that brand new flat-screen TV go on the fritz or the Blu-ray player fails to fast forward, you're stuck with it. “They’ll have signs all over the place – ‘All sales final.’
Research return policies
Ask the salesperson about the company's return policy before handing over your credit card (also check the retailer's web site). If something goes wrong, you may not be able to bring it back. On the other hand, some struggling retailers offer a window of time when returns will be accepted.
Don't worry about warranties
Obviously, if you’re thinking of buying a pricey plasma TV, make sure it comes with a manufacturer’s warranty. As for extended warranties, the chain’s precarious financial situation shouldn’t be cause for worry. These warranties are usually provided by outside companies.
Use a credit card
Making a purchase with a credit card will give you extra purchase protection. You can “dispute a charge if goods are defective, or if there’s some reason, the product is not received”. Some credit-card issuers offer their own extended warranties, as well.
Avoid gift card pitfalls
Consumers spent $26.3 billion on gift cards last holiday season, according to the National Retail Federation. It's no wonder why they're so popular: They're convenient and don't require wrapping paper. But when a troubled economy is causing companies to go belly up, they also become risky.
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