Todd Stout
Screenwriter
- Joined
- Jul 13, 1999
- Messages
- 1,044
I worked at Builders Emporium when they decided to close down all of their stores back in 1993 and liquidate inventory. It was amazing how quickly the sheer volume of customers increased as soon as it was announced that we were closing and "everything in the store is now 10%-20% off!" A lot of merchandise was sold at that low mark down which really amazed those of us who hadn't been laid off yet. After a couple of weeks at 10%-20% off, the discount gradually increased by 10% per week until it reached 70% off the final week the store was open. Of course there wasn't much left on the store shelves that most people would have any interest in by that point.
I guess my point is that the trick to shopping going out of business sales is timing.