Retail

What Stores Have Sales

By David Krug David Krug is the CEO & President of Bankovia. He's a lifelong expat who has lived in the Philippines, Mexico, Thailand, and Colombia. When he's not reading about cryptocurrencies, he's researching the latest personal finance software. 4 minute read

Whenever I go shopping when my go-to retailer is having a large deal, I have the time of my life. Getting my money’s worth when I expect to spend a specific amount is one of life’s greatest satisfactions. It took me a long time to discover that a great shopping experience didn’t have to be based entirely on luck. If you know when a business often has sales, you can plan your purchases accordingly.

Clothing and accessory retailers constantly get new stock, which means that slow-moving goods must be discounted or marked down to make room for the new arrivals. Now is your chance to put points on the board.

Knowing the precise day a product will go on sale gives you the option of waiting to save money or making an upfront investment. You may use your utmost prudence as a consumer when you have a choice.

Recognizing Sales Cycles

Make no mistake about it, shops would love it if you paid full price for their wares. That’s why expensive things are up front while bargains are tucked away in the rear. Although, the fact that a jacket is thirty percent off doesn’t mean it’s any less stylish.

There’s really no need to spend full price for any piece of apparel or accessory, what with seasonal sales and the constant cycle of sales. Unless, of course, it sells out before you get a chance to make your move. Read on to learn how to dress the way you want without breaking the bank.

  1. Six to eight weeks of waiting is necessary.
    In most stores, new products are shown for six to eight weeks before being discounted. Stores can’t afford to keep out of date stock on the shelves since consumer tastes and fashions are always evolving. Even after eight weeks of sales, there may just be a handful of a product left, which is barely enough to warrant shelf space. As a result, you’ll find it at the clearance (or sometimes even the rear) part of the store. It can then be grouped with other sale products and snatched up by bargain-hunting customers.
  2. The Top Day Is Thursday
    To get the shoes you’ve had your eye on before anybody else, it’s better to go shoe shopping on a Thursday. Shops know that customers are more likely to visit on the weekend, so they start clearing out old stock and bringing in fresh products on Thursday.

    If you’re looking for a certain item, buying on Fridays and Saturdays may get you a nice discount, but there may be less of it. Getting the thing you want could be as simple as going shopping on a Thursday, when stores have the most inventory and costs are at their lowest.
  3. Just Start Asking Around
    There was once a dress I wanted to buy on sale, but they were out of my size. I didn’t want to go empty-handed, so I asked if the salesperson could see if any of the other stores carried the outfit. Luckily, the business had another one and sent it to my house at no cost.

    If you’re looking for a certain item and there aren’t many available, inquire as to whether or not the business can get it for you. Salespeople often go out of their way to ensure your satisfaction because they like to keep the sale in-house. Even though quantities of clearance items are often low, many retailers still have them in stock; thus, it is usually worthwhile to inquire about their availability. Mobile shopping app stores may also have the item in stock.
  4. Become familiar with the return policy.
    Read the small print before making a purchase from the clearance section. If you find a shirt for $5, but you can’t return it if it doesn’t fit, it’s hardly a terrific deal.
    Clearance items may be returned, but only under specific conditions that you should familiarize yourself with. Clearance jewelry is usually non-refundable, however many retailers may give store credit in place of a refund. Because they need to make room for new products, shops would rather not have out-of-season stock come bouncing back in. This is why most companies have relatively short clearance return procedures, often no more than 14 days.
  5. Last Chance Sale
    Often, you may find the best deals near the conclusion of a season. It’s worth noting that retailers are typically “ahead of the weather” by a couple of months, so you can still pick up a cheap sweater and use it for another month before you need to switch to your spring clothing.

    Keep an eye out, since boutiques like to update their stock in time for the New York Fashion Weeks in September and February. The best time to shop for summer clothes is in September, while the best time to buy winter clothes is in February.
  6. Recognize the Avoidable Purchase Opportunities
    If you buy before the sale or at the incorrect time of the month, you’ll have to pay more. It would be imprudent, for instance, to buy jewelry right before Christmas, when everyone else is also on the market for it. Some things are never discounted; for example, the price of luxury brand footwear and accessories seldom changes from season to season even if they aren’t on sale.

Bottom Line

Spending a lot of money isn’t necessary to have a fantastic appearance. You may save a lot of money while still looking just as good as your peers by shopping during discount periods. It is the most cost-effective strategy for maintaining awareness.

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