Local Sears closing-how do the liquidation sales run?

[cjn1014]

Local to me store just announced they are closing shop mid-March, liquidation starts this Friday. How have these sales worked in the past? Marginal pricing drops up to "X" day?

 

[Off-Street Parking]

The standard formula for retail store liquidation is this:

Everything is first marked UP, and all sale price tags are removed. Then the huge signs come out, and massive herds of people buy "incredible deals" by the cart-load at "40% off", too caught up in the frenzy to realize that they have paid more than the items normal on-sale retail price.

 

[cdeer001]

See these threads:
297497
241645
232675

 

[finn]

Don't waste your time.

No bargains, as described above.

 

[Richard Cranium]

they take every thing off sale, and then start off with 10 per cent off, and go up weekly, Most of there sale prices are more than 10 per cent off.

 

[Sanny81]

And by the time they start the 50-60-70% off sales there's nothing left but absolute ****.

 

[CNGsaves]

Only "deals" will be obscure items left at end . . . .
. . . . .
. . . . . . . like router bits or stuff no one takes at earlier discounts.

Keep going back and you'll see what is still there after 50% discount.
Only bargains will be what's still there at 75% off.

Few years ago, supersize Sears mall anchor store closed down . . .
. . . . . and I only got a few items worth buying.

 

[schmelpboy]

Every single sale in the history of ever has worked this way; All signage and original pricing removed. Every item full retail or higher. Usually, higher. Then the 25%, 50%, 60% signs come out. Eventually on the last day before they close the doors you're lucky to be getting 10% off of what was the original price 6 months ago in store, and it's on the junk all of the stupid people who fell for the scam left behind. Don't bother.

I've actually called people out on this before. It's funny to watch their reactions. For example, there's a local furniture store that has tried the, "store closing" thing a couple of times, and, funny enough, are advertising a "retirement sale" right now. I went in and said right to the guy's face, "I was in here last week and that was XXXX. Now you've marked it up more than double and put 30% off on it...It's actually HIGHER priced than it was before your sale." The guy just stuttered over himself, acted like he didn't know what I was talking about, and quickly walked away.
This was a place I bought almost every single piece of furniture for my house. After that scam sale, I have never once returned to the store.

 

[Off-Street Parking]

And by the time they start the 50-60-70% off sales there's nothing left but absolute ****.

Only "deals" will be obscure items left at end . . . .

Be watching though if you're interested in any of the store fixtures. Those are the exception, as they're not an item you could normally buy, and sometimes the liquidators hold them all until the end, but sometimes they sell them off piecemeal as the shelves become empty and stock is consolidated. So it pays to watch over time, and ask the people running the sales if you are interested.

A second exception is old stock... And I mean old stock. A local True Value hardware store near me closed a few years ago. A few weeks in to the sales, when the shelf space was opening up, out came the oldies from the deep forgotten depths of the back rooms. Whole aisles worth of blister packs so yellowed that it was difficult to see the items, and small quantities of 1960s, 70s, and 80s merchandise. It was a lot of fun to wade through those piles.

 

[captain14]

And I think the liquidator will bring in outside junk to further pack the shelves. I just walked through a sears outlet today and saw stuff that I have never seen in a full retail store.

 

[ezriderga]

Local to me store just announced they are closing shop mid-March, liquidation starts this Friday. How have these sales worked in the past? Marginal pricing drops up to "X" day?

That's interesting because the same news came out in our local paper today as well. Closing in March with liquidation starting Friday. Makes me wonder just how many they are closing at the same time.

 

[Bennylava]

Can sears ever actually die? Aren't they immortal? All of the stuff being said about them dying off has been said before. Pretty sure they've filed bankruptcy 4 times already.

 

[rsanter]

The standard formula for retail store liquidation is this:

Everything is first marked UP, and all sale price tags are removed. Then the huge signs come out, and massive herds of people buy "incredible deals" by the cart-load at "40% off", too caught up in the frenzy to realize that they have paid more than the items normal on-sale retail price.

This

Bob

 

[woody 73]

Sigh...I so wanted an IR thunder gun so day number 1 of the sale you had to win the 1.3 billion powerball I kid you not.

Day number 7 your first born child, 100,000 in cash and Ohio state season Football tickets.

Day number 14 Air fair to anywhere in the world, first born child, lots of cash, and your wife thrown in the deal.

Day 21, your wife, the family pet, cash, first & second born child, your car, and keys to your house.

Day 27 last day, sale sign reads $299.00plus tax, shipping, handling charges, restocking fees etc. when you could have bought it a tad cheaper on e-bay or another store and have it shipped to you.

Scam city.

 

[goforride57]

Sigh...I so wanted an IR thunder gun so day number 1 of the sale you had to win the 1.3 billion powerball I kid you not.

Day number 7 your first born child, 100,000 in cash and Ohio state season Football tickets.

Day number 14 Air fair to anywhere in the world, first born child, lots of cash, and your wife thrown in the deal.

Day 21, your wife, the family pet, cash, first & second born child, your car, and keys to your house.

Day 27 last day, sale sign reads $299.00plus tax, shipping, handling charges, restocking fees etc. when you could have bought it a tad cheaper on e-bay or another store and have it shipped to you.

Scam city.

Are...are you ok? You make no sense.

10 percent off is what I remember seeing on tools. No idea on the rest of the inventory.

 

[mopar_johnny]

My local sears closed a couple years ago around Christmas time. I kept going back to see what kind of deals there would be. Like others have said they start everything at regular price and mark it 10 to 20% off, which isn't much of a sale. All of the decent hand tools and power tools were gone fairly fast. By the time they even reached 50% off all that was left was garbage. I've seen better pricing for father's day and christmas sales. So I wouldn't hold your breath for that spectacular deal

 

[captain14]

I am sure that is a joke via sarcasm. Maybe a little dry wit mixed in to bind it together.

 

[BDT/NWMN]

Local to me store just announced they are closing shop mid-March, liquidation starts this Friday. How have these sales worked in the past? Marginal pricing drops up to "X" day?

Starts Friday!! That means you have two days of normal shopping at Your local Sears before the goonery begins... Go now

 

[Dennis Leigh Henry]

A K-Mart by us closed at about this time last year.. we went in with about a couple of weeks to go and walked out with 5 or 6 industrial cord reels that were part of the store.. spent less that $50 if I recollect.. Store fixtures including pegs, peg board, etc. are usually last to go.

Sorry to see it.. but take advantage of what you can .. lemonade from lemons...

 

[Cato]

If you want a bargain shop at estate/yard sales.

Despite what the haters say, Sears sells some good tools and people will be willing to pay good money for them.

Sears is going out of business due to an obsolete business model.

 

[Josey Wales]

I see better bargains at the close out stores.

 

[southalabama]

Generally waste of time.

However. The do sometimes bring in some old stock which is USA made.

If you want fixtures they'll sell you some.

 

[DSM_PWR]

If you want a bargain shop at estate/yard sales.

Despite what the haters say, Sears sells some good tools and people will be willing to pay good money for them.

Sears is going out of business due to an obsolete business model.

yep, the local Sears in my town closed two years ago. Other stores are slowly following suit. It's just a shame we've had to watch Craftsman die a slow painful death along with it.

 

[goforride57]

Piss poor management to compliment the obsolete business model. Ciao baby.

 

[Bennylava]

Didn't they get that autozone guy to try and turn sears around? What happened with all that?

 

[BDT/NWMN]

If you want a bargain shop at estate/yard sales.

Despite what the haters say, Sears sells some good tools and people will be willing to pay good money for them.

Sears is going out of business due to an obsolete business model.

Ya,, If Sears has stayed with their catalog//mail order operations rather than building up the retail stores,,, and focused more on internet sales when the www was in infancy??? And sell more name brand products, along with Sears branded goods.... Sears basically had an old fashioned Amazon operation well over a hundred years ago.... It is sad to see it fade.

 

[Dennis Leigh Henry]

yep, the local Sears in my town closed two years ago. Other stores are slowly following suit. It's just a shame we've had to watch Craftsman die a slow painful death along with it.

I'll bet that the Craftsman brand survives somehow.. its too valuable, Or should I say was valuable when it represented what I grew up with as a Made in the USA brand with readily available stock at a well respected retail establishment for a reasonable price with an excellent no haggle warranty..

Time will tell..

 

[Tippletrash]

They just did this to one of my local stores, closed last week. I went in when it was "40% off" and some of the prices was still higher than the regular price. Needless to say I didn't go back.

 

[Showkey]

I have not been in a Sears store in five years........no reason to restart now.

 

[rednotch]

there closing one of our hardware stores in berlin NJ, on the websites its all ready listed as closed, We got a mailer for 30% off last week, Not sure when there last day is but I have not stopped by there yet. Might have to check it out see if they have any usa stock I cam get cheap.

 

[bfm336]

Usually not worth it since they do 30, then 40, then 50, etc off but it is off of MSRP. I did get lucky one time a local Sears hardware was closing a few years back and I happened to stop in during their last hour open - they had 90% off the 70% off MSRP - needless to say I bought all the misc sockets, screws, pro drivers, etc I could get my hands on!


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[7avalon7]

Only deals I saw when local Sears closed a few years ago was their metal shelving. I forget how much they were, but I remember they were pretty cheap. Good for storing stuffs in garage.

 

[terry603]

most larger companies, sell the closing store's inventory to a liguidator, for usually 30 cents on the dollar
at this point it is no longer a sears store, the liquidator calls all the shots and the pricing
they are trying to make more than 30% profit from the start to the end of liquidation

 

[anndel]

The Ala Moana Center store in Honolulu closed several years ago and Sears took out full page ads say up to 60% off. I went on the first day and it was nuts. People just loading up carts with tools and stuff. I looked at some and brought a print out of tools I wanted printed from Sears online and it wasn't 60% off. In fact the impact wrench and compressor I wanted was full retail price. I went on the last day of the sale and most of the shelves were empty but several compressors were still there and it was full priced. I spoke to a sales guy standing in line at McDonald's and he sale it wasn't on sale. Whatever they didn't sell got moved to the other stores. He too admitted it that it was a scam by Kmart.

 

[1950mercury]

About 10 years ago they closed the Sears hardware buy me. I was able to buy the bulk nut and bolt section for pennies on the dollar. But most of the regular merchandise all sold for inflated prices

 

[rednotch]

I went to mine today they said it started on the first. Craftsman was mostly picked clean. Stuff was 10% -40% off "lowest marked price" what ever that ment.


I got a legacy 3/8 in. x 2 ft. whip it hose for $10 bucks and craftsmans 8pc master sensor socket set for $49. Was hoping to grab some of there left over USA pro tools but I think they got shipped to another store. No loose tools like wrenches, or sockets in the whole store And no Pro pry bar set. Not great deals but I had points that made up for it.

The craftsman sensor socket kit is a rebadged Gearwrench Taiwan

http://www.sears.com/8pc-master-sensor-socket-set/p-00904928000P

http://www.gearwrench.com/auto-spec...nch-41720-8-pc-sensor-sending-socket-set.html

 

[Showkey]

I'll bet that the Craftsman brand survives somehow.. its too valuable, Or should I say was valuable when it represented what I grew up with as a Made in the USA brand with readily available stock at a well respected retail establishment for a reasonable price with an excellent no haggle warranty..[/COL

Time will tell..

Both are basicly gone..........and part Of their problems quality slipped and warranty changes on many products. They successfully devalued the brand over time and others filled the gap.

When the experts say the land is worth more than the stores, products they sell and people the days are numbered.

 

[Vegaman_Dan]

When a store like Sears closes a location, they will first move most of the top selling products out to other locations and bring in all the second run / store returns / etc from local stores to stock the shelves with. The liquidator may bring in product from other stores they closed previously but couldn't sell, so you may see non-Sears items there as well. The prices are all over the board, but usually high. The comments in this thread do apply.

But you don't go there for products. Those you can get anywhere and often better pricing online. I go for infrastructure / fixtures. Things they don't even think about- shopping bag stands. Aisle standing signs. Shopping baskets, Tape dispensors. Fire extinguishers. I don't bother with slat wall or pegboard hooks- I don't use them and don't want them. But all the other retail stuff is good to look at.

If the place has an auto center attached, start looking at tire changers, battery acid jugs, brooms, hose reels, cord reels, heaters, underbody stands, oil change funnel stands, etc. Look for their pile of cutoffs of exhaust tubing and other pipework. It's a great way to get a good supply of bits and pieces. Chain as well. Lots of miscellaneous stuff in the corners.

 

[TomB19]

I just walked through a sears outlet today and saw stuff that I have never seen in a full retail store.

What did you see? An American made tool?