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The only place I'm going on Black Friday is the Goodwill store. Everything there will be 50% off and most of the crowds will be at places like Old Navy, etc, thinking they're getting a deal at 20% off.
i was in a goodwill recently and was surprised at the amount of new merchandise available, including a lot of clothing which still had tags. there was a lot of old navy, abercrombie, hollister, and target merchandise. the clerk said that they buy the target merchandise to sell, but i never heard of that before.
i was in a goodwill recently and was surprised at the amount of new merchandise available, including a lot of clothing which still had tags. there was a lot of old navy, abercrombie, hollister, and target merchandise. the clerk said that they buy the target merchandise to sell, but i never heard of that before.
That is interesting. Could be that Target auctions off their unsalable goods and Goodwill bids on various lots of merchandise in order to stock their stores with items to attract shoppers. The goods could be second-quality or out of style or season too. IIRC this sort of thing is common in retailing. Stores don't always have room to keep outdated stuff on the racks and most no longer have back rooms of any size to store items; some don't want to pay the labor costs of marking stuff down either; so they wholesale it to second hand dealers. I see quite a few items on ebay marked NWT (New With Tag) but always suspected it was stolen merchandise (no way of knowing for sure).
It might also be a case of stores donating items to Goodwill to get a tax break for charitable deductions, which may equal or exceed what they could get for the outdated items at auction.
Clothing retailers are especially prone to seasonal changes and rigid timeframes to turnover the merchandise. The urgency of time.
I've been reading business magazines and related newspapers for over 40 years; the inner workings of the business world would surprise many people "if they only knew" the rest of the story.
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Look carefully at most of the flyers online. The fine print at the bottom limits most item to two or five per store. No rain checks. Just a gimmick.
Most items have dozens or even hundreds available. The only things that have a handful are really high dollar things, like your 60 inch flat screens or some of your computer systems.
Last year at Walmart, they had an Emerson 32' LCD for like $299, and they literally had hundreds of them stacked up, and every other person in the store had one.
I just went to Best Buy the other day, and they had pallets out for some of the Black Friday Items, and there was atleast 10 of each, even the 50 inch plasmas. The smaller TVs and Blue Ray players had dozens.
In fact, in about 12 years of Black Fridays, I have never once not been able to get exactly what I came for. Hell, most of the stores have so many, you can stroll in around noon and still find plenty of most things in their Black Friday ads.
i was in a goodwill recently and was surprised at the amount of new merchandise available, including a lot of clothing which still had tags. there was a lot of old navy, abercrombie, hollister, and target merchandise. the clerk said that they buy the target merchandise to sell, but i never heard of that before.
I have first hand knowledge that many retailers actually flat out donate old merchandise to places like goodwill. If it doesnt get donated, it usually gets thrown out and written off as a loss.
people are already lining up at best buy for the sale. the reporter said that some had been there up to 24 hours. what can you say? i certainly don't have that kind of patience or free time.
it could be just the early bird specials compressing the activity into 1 or 2 hours, or it could be simply b.s. the local tv news did the same thing last year. they were touting long lines and crowds, while in the background, the viewer could plainly see empty spaces in the parking lots and light foot traffic in the mall.
There is very little money earned on investments nowadays, the money you save, is money earned. I will make do, my television is 8 years old, it still works, it is not a flat screen.
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