I stopped by Mervyns on my way home tonight to see their big going-out-of-business sale. I was less then impressed. Big signs read “60%-80% off.” And, of course, anything that you would really want fell in the lower discounted category.
I picked through the well pick through rack and found some jeans. But even with the 60% off, I could find them cheaper elsewhere.
In the past, going-out-of-business sales were a real opportunity. There was a chance to get great deals that you couldn’t find anywhere else. Now if you want big discounts all you have to do is go somewhere like overstocked.com. And if on-line shopping isn’t your fancy, there’s always Ross or Stein Mart. And these places you don’t have the melancholy atmosphere.
Another local shop going belly up is Linens-n-Things. Same story there. 20% off most stuff that you can find cheaper at Big Lots, Ross, or Stein Mart.
Linensalso had a 15% coupon they would mail out about every month. So now the real savings is around 5%. That doesn’t even cover the sales tax.