- Don’t count on the bargain. The point of a store closing sale is for the store to make as much money as possible before closing in order to pay off their debts. It’s not unusual for a store to inflate prices before taking off percentages. Shop around; you may find the item you want is actually less expensive somewhere else.
- Ask questions. Manufacturer’s warrantees shouldn’t be affected by store closings – usually – but where would you return the item if it breaks? If the store sells its own brand, be extra cautious. If the store that’s closing is part of a chain, other stores may not close. You can ask about returns and guarantees being forwarded to other locations, too.
- Use your gift cards now. Stores that have declared bankruptcy can – and often do – stop honoring gift cards.
- If possible, purchase with a credit card. Your credit card company may offer additional protection if the product is defective or never delivered.
- Take it home today. Once you’ve decided on an item to purchase, don’t count on delivery. Make sure that you can bring whatever you buy home with you.
Careful shopping and doing your homework can go a long way towards making a liquidation sale work for you.