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Watch out for 'liquidation' or 'going out of business' sales
(While this isn't especially specific to Las Vegas, it's come up with so many people I know here that I'm posting it to help the group at large ...)
A number of people have recently mentioned to me about going to Circuit City because they heard they were liquidating & expected great deals.
In a word, don't do it. Most of the stuff they have is more expensive than Fry's, Best Buy or another retailer. Right now, most things are discounted 10% from MSRP, which is likely more expensive than most stores. The liquidation company resets all the prices to MSRP, then gradually increases discounts until everything's gone (or wholesaled to somewhere else). Here's a good overview of how these things operate.
If you really want to go to Circuit City, go ahead - just be careful not to buy things just cuz they're part of a 'liquidation' sale. I stopped in briefly, knowing I was unlikely to buy anything unless I was 'wowed'. I wasn't. However, I was shocked how many people were buying like crazy, thinking they were getting a good deal - when the same item could be had for less at Fry's Electronics (or one of numerous other stores), with a return policy & everything! (One example - I bought a 100 pack of DVD-R recordable discs for $9 on Black Friday - they were going for $49.95 less 10% at Circuit City & selling left & right.) If you're really careful, you might find some deals, but keep in mind you're giving up return privileges & a lot of subtle things. Is it worth the risk to save 10% off MSRP, especially if you're actually paying 20% more than somewhere else?
Others more familiar with the local economy are welcome to provide additional insight. Circuit City was the impetus for this post, but the concept's not unique to them. For example, there's a furniture store near Oakey & Decatur (north of Sahara) that I have a feeling has had a 'going out of business' liquidation sale for years & years now. Anyone?
At any rate, caveat emptor, everyone. Good deals can always be found if you know where to look for value, though you don't have to get huge discounts. (One of my favorite 'values' are the 3 lb bag of Tortilla Strips w/sea salt at Costco - at regular price, don't need additional discount.)
Not possible. Back in the 60's it was a scam. There would be a "Going out of business sale" and all they would do is change their name and be back in business in the same location. Then there was a law passed that requires them to get a license for the sale, and then actually go out of business. The license for a going out of business sale should be clearly posted in the store.
Welcome to City-Data.com forum! Make sure to register - it's free and very quick! You have to register before you can post and participate in our discussions with 700,000 other registered members. User profiles and some forums can only be seen by registered members. After you create your free account you will be able to customize many options, you will have the full access to over 15,000 posts/day about local topics and you will see fewer ads. 
Watch out for 'liquidation' or 'going out of business' sales
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