There have been a lot of retail closings since January 1st. It seems as though every time I turn around, another store is closing. And, a store closing represents people losing jobs from hourly retail clerks to managers. Thousands from the retail sector are now out of work. Almost 3,000 store closings have been announced since the first of the year - and those are just counting the major names.
But, there is an upside. The deals you can get for everything from clothing to electronics are great. Yes, some deals are better than others, but when stroes are advertising 50 to 75% off because they are closing, take advantage of the sales - especially for clothing.
If you purchase any electronics, make sure you determine who is goind to be donig the guarantee work - Who is backing the item and is their method to back it easy for you. Do you have to take the TV to a location, or do they come to you to repair the issue.
If you do decide to take advantage of the sales, check your budget. Can you afford the expenditure? Pay cash or by debit card - don't let credit cards increase while you are out of work or it will come back to really hurt you.
So, while there have been almost 3,000 store closings announced since January 1st, there is an upside if you are hunting bargains. Children don't stop growing just because you are out of work, they require new clothing when they grow a cuple of inches.
Also, while you are looking at the 'going-out-of-business' sales, dont forget to look at warehouse sales. I was driving down the street the other day and noticed a name brand clothing company having a warehouse sale. Look for these warehouses in your area. You can find them on the internet, phone book, or just call the manufacturer to get the informatoin.
Look for the sales. Check your budget and buy repsonsibly!
Monday, April 6, 2009
Store Closings Since January 1st - Your Opportunity
Labels:
budget,
cash,
clothing,
credit cards,
electronics,
sales
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