Do Furniture Stores Often Have 'going Out of Business' Sales

Going Out of Business Furniture Sales

Terry Hurley

As an antiques store owner and collector herself, Terry has dealt with all sorts of antique and vintage furniture. Whether she'due south buying them for herself or to sell at her store, she can't wait to get her hands on the highest quality antique pieces around.

Collector and Antiquarian Store Owner

Are yous ane of the many consumers that see a Going Out of Business organisation Furniture Sales sign and blitz to take hold of a bargain? If you are, and even if you are non, use caution considering not all going out of business sales are what they are supposed to exist.

The Two Most Profitable Types of Sales

Shop owners know that "G Opening" sales and "Going Out of Business concern" sales typically bring in the most business. In turn, shoppers know that they are going to get good prices and dandy deals at both types of sales events.

At almost grand opening sales, the store possessor wants to build a happy customer base of operations by offering skillful prices. Repeat customers and practiced recommendations are important for a successful business organisation.

At a going out of business concern sale, the store owner wants to liquidate his trade while cutting his losses every bit much as possible. In many cases, store closings are handled by the actual store owners. These types of store closing sales provide the best opportunity for shoppers to find piece of furniture bargains on small sectional sofas, wing back recliners and other types of piece of furniture. Mostly, shoppers tin can brand bundle offers on several pieces of article of furniture for even better prices.

In many other store closings, the going out of business sale is handled by a liquidation visitor. In this blazon of shop closing, the store owner hires an outside visitor to run the sale. It is the task of the liquidation company to sell the store's inventory while making the most money for the store owner.

Shop Liquidation Companies

Being an informed shopper is essential when y'all are shopping in a shop that is going out of business concern. Knowing the selling toll of the article of furniture you are looking for at other retail stores or from online retailers will stop you from spending extra money if the sale prices are inflated. Ii common selling techniques used past salespeople of some liquidation companies include:

Posting a high regular retail toll and so they tin prove a deep discount - This technique oftentimes results in the auction price being higher than the original selling price of the detail.
Salespeople utilise the urgency close which is a loftier force per unit area selling technique.

Beware of Unscrupulous Retailers and Going Out of Business organisation Furniture Sales

Throughout the country some article of furniture store owners run a going out of business auction that lasts for months, or in certain cases, for years. Perchance you accept seen a behemothic costumed gorilla, a chicken or a immature employee standing on the side of the road holding up the sign advertizing the sale. Once they have gotten your attention, you cannot assist wondering what is inside the store. You find yourself drawn to the fantastic values promised within.

Naturally, many of these store endmost sales are legitimate as stores succumb to the slow economy. However, there are also some shop owners that are using the going out of business organization sale as a scam. As a way of making consumers believe they are getting depression prices and a groovy deal. In reality, these stores are in the business organization of going out of business organisation.

According to Dale Dixon, CEO of the Southwest Idaho and eastern Oregon Better Business Bureau, these perpetual shop closing sales often take a mutual thread:

Out of town management
Salespeople that are not from the surface area
Merchandise is not priced low or even competitively - instead it is often marked upwards significantly
Merchandise lines change apace
There is little or no inventory
The shop may shut for a few days so reopen, with the aforementioned blazon of business and merchandise, under a different proper noun

How to Protect Yourself as a Consumer

Know the value of the items you are shopping for
Enquire for a specific endmost date
Ask to see a copy of the paperwork for the filing of the Going out of Concern course from the Secretary of Country'due south role
Many states crave a Going Out of Business concern permit. If it is not visibly displayed, ask to encounter it.

Going out of business furniture sales can be a dandy identify to detect excellent bargains for all types of indoor and outdoor furniture. However, you lot must always take the time to be a smart and informed shopper.