The Business of Going out of Business~!
This article is written in RIP of Fred's located in Bennettsville, South Carolina. As you might have guessed they are near death. They will be flat lining in the next week days or so. The cause of death in this case is Wal-Mart and Dollar Tree. Can't say I didn't see this coming. Literally in a one block radius you had Fred's, Dollar General, Wal-Mart, Dollar Tree, BI-LO, Walgreens, and a Winn Dixie that has been shut down for 12 years. I will admit Fred's had a nice little six year run.
In this capitalist market a store such as Fred's will not thrive given the competition from Wal-Mart and Dollar Tree. I will also like to predict the soon to come deaths of BI-LO, which has been bought out by a competitor. Also I will predict the deaths of Dollar General and maybe CVS. Seems a bit silly to put CVS, Med care, Walgreens, and Wal-Mart Pharmacy within walking distance of each other.
So in the next year or so, Wal-Mart and Dollar Tree will be left standing. Those of us who think, "Going out of business sale! Everything must go! Everything is on sale!" Which somehow means dirt cheap think again. Hate to be the barrier of bad news, but its a ploy. By law a business has sixty days from the day they open for their going out of business sale to clear house. Might not want to go the first month or so. You will find ridiculous sales such as 5% off or was 2.50 now 2.47.
Also, you must be fully aware of what you are buying the quality may not be as good. Keep in mind Fred is not a number quality leader it is more of a second or three string type store. Why is this important, because we are talking warranties. A store going out of business does not honor a warranty, so you would want to ensure there is a good manufacturers warranty.
Do not do store vouchers, because they do not have to be honored or can be worthless. When buying if you must pay by credit card and check, because if for some unforeseen issue happens you can retrieve your money, it will be hardier to argue a cash purchase. I will attach further tips I found on a website.
Also, do a price comparison before you purchase anything, because some of the prices will be raised and then given a discount of the normal price. For example, if they sale tide normally at 6 dollars it maybe marked up to 10 dollars and then you are given 10 percent off which is really a dollar. You find you are paying 3 dollars more than normal and yet you are saving 10 percent.
I watched a lady today arguing her tax and total, I thought I have to hurry and get this article out. Better yet, Mrs. just go to a competitor who really going to lower their price to stay ahead of them or stay in the game. You must understand this is a capitalist society and we are all able good and services. The name of the game is crush your competition and for the competitor stores the game is not over until they are the only surviving store.
I thought of some oldie, but goodie songs that I felt would be perfect soundtracks during store to store crushing competition, because money is the bottom line and survival is the name of the game. So feel free to listen in to my humorous sound track. Also beware of going out of business signs! Happy bargain hunting~!
The law of going out of business!
- Going Out of Business Sale Law & Legal Definition
A going out of business sale is any offer to sell to the public or a sale to the public of goods, wares, or merchandise on the implied or direct representation that such sale is in anticipation of