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Old 07-04-2012, 03:51 PM
 
371 posts, read 1,218,955 times
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Roomstore is being bought by Rooms2Go and a private equity firm. Roomstore is going to start (not sure when) liquidation sale
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Old 07-05-2012, 07:20 AM
 
Location: Holly Springs
342 posts, read 872,397 times
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Great. Only leaves you with the junk that Rooms to Go sales. At least Roomstore seemed to be better quality than Rooms to Go.
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Old 07-05-2012, 07:24 AM
 
Location: Holly Springs
342 posts, read 872,397 times
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Here is an article about it by the way

UPDATE: Rooms To Go, liquidators buy most of RoomStore's assets - 2012-07-02 14:00:32 | Furniture Today
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Old 07-05-2012, 07:50 AM
 
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I hate liquidation sales because the prices are never that good once the middle man gets his cut.
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Old 07-05-2012, 10:39 AM
 
Location: Raleigh NC
3,644 posts, read 8,580,857 times
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Quote:
Originally Posted by evaofnc View Post
I hate liquidation sales because the prices are never that good once the middle man gets his cut.
What I've learned about a liquidation sale is a private investment company will purchase all the inventory which will be significantly marked up so it can be reduced to 50% or whatever advertised reduction for the sale. In reality the reduction only ends up being 10-15% below the normal retail until the final days which by then the only items left are the ones no one wanted in the first place.
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Old 07-05-2012, 10:59 AM
 
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The one on 15-501 in Durham north of I-40 already closed.
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Old 07-05-2012, 12:44 PM
 
821 posts, read 1,462,742 times
Reputation: 583
Quote:
Originally Posted by underPSI View Post
What I've learned about a liquidation sale is a private investment company will purchase all the inventory which will be significantly marked up so it can be reduced to 50% or whatever advertised reduction for the sale. In reality the reduction only ends up being 10-15% below the normal retail until the final days which by then the only items left are the ones no one wanted in the first place.
Yes, I've heard this as well - and it seems you lose the ability to return a defective item, as well.
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Old 07-05-2012, 02:46 PM
 
371 posts, read 1,218,955 times
Reputation: 163
Quote:
Originally Posted by underPSI View Post
What I've learned about a liquidation sale is a private investment company will purchase all the inventory which will be significantly marked up so it can be reduced to 50% or whatever advertised reduction for the sale. In reality the reduction only ends up being 10-15% below the normal retail until the final days which by then the only items left are the ones no one wanted in the first place.
Yes, we have seen that ample times in the recent past via CompUSA, Circuit City, Linens-N-Things, Ashley Furniture etc
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