25 Holiday Shopping Tips for the 25 Days of Christmas: Tip #5

After over 15 years of retail management, I have worked for retailers in good times and the not-so-good times. In fact, my first retail management position was the The Broadway (remember them??!!) and I began working there when they were already in Chapter 11. I recall going into some of the stores that we began to close to transfer inventory to stores that were planned to stay open. I was recruited to work for another retailer, so I was not with The Broadway when they closed their doors for good. However, I did buy a lot from The Broadway when they were dramatically marking down and liquidating inventory.

HOLIDAY SHOPPING TIP #4:

Shop for killer prices from retailers going out of business or closing stores.

With this tip, however, comes a cautionary note. You can find great prices, but you will have little to no recourse should what you bought not fit, not work or be a duplicate item. I have already heard many anecdotal tales of incredible deals that are out there from a wide variety of retailers that are struggling or closing for good. With that "deal" comes the realization that it is pretty much a "final sale"!

This is a great time to buy basics, buy what you know will fit, and buy things that have reliable manufacturer warranties. For example, if you were to purchase an electronics item from a retailer going out of business, you may have a solid year of manufacturer coverage anyway.

Tip: This can also be a great time to "shop ahead". When I worked for one retailer, I would often buy post-holiday clearance toys as birthday, even Christmas, presents for the year ahead. If you see great deals on digital cameras, mp3 players, digital frames, clothing basics, etc., I would buy them now and have them as presents you can give all year long. You can enjoy these savings for weeks and months to come!

p.s. Here is one present that will always fit, always work and never need to be returned or exchanged! PERSONALIZED WINE!


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