3 ms·
as a counterpoint "going out of business" sales are common in the brick and mortar world, especially in sectors like furniture.
by jerkstate 7y ago
as a counterpoint "going out of business" sales are common in the brick and mortar world, especially in sectors like furniture.
- siphon22 7y agoI know such a furniture store thats been going out of business for like 3 years. Pretty amusing.
- superhuzza 7y agoWell they probably are going out of business, they just don't know when. Maybe this year, maybe in 10 years :)
- stronglikedan 7y ago> for like 3 years They've probably only been open for 3 years then. ;-)
- bluGill 7y agoAre you sure it is the same store? 20 years ago (and probably only applies to my state) you could only order 3x (I don't recall exact numbers or details) your current inventory once you announce the going out of business sale, and you had to be in business for a year an a half. People would open a furniture store, give good deals for 18 months - just to eat. Then they will sell out for a lot of money to a going out of business company who would cram the store with inventory, raise prices and then do the sale. When the doors closed (because they were out of inventory) the old owner would start a new store in the same location under a slightly difference name and repeat the cycle.
- siphon22 7y agoNothing about the store differed externally in the years that i looked at it, but ive never gone inside so maybe it was changed in some way like you mention? I live in California btw but im not aware of the laws regarding this.
- sp332 7y agoThe FTC says you should contact the state AG in those cases. https://law.stackexchange.com/questions/17507/putting-up-a-were-closing-sign-illegal https://law.stackexchange.com/questions/17507/putting-up-a-w... Some states can charge the business with a misdemeanor for each day of a fraudulent going-out-of-business sale. Alabama has a specific list of situations that they're allowed. https://codes.findlaw.com/al/title-8-commercial-law-and-consumer-protection/al-code-sect-8-13-1.html https://codes.findlaw.com/al/title-8-commercial-law-and-cons... Some cities require a business to get a permit before even having one. There's no reason to accept fraud like that.
- deleted 7y ago[deleted]
- mark-r 7y agoMany years ago I bought a piece of stereo gear from a shop that was going out of business. They did genuinely go out of business, but I learned shortly after that I could have bought the same thing $10 cheaper by going somewhere else. A cheap lesson.
- jniedrauer 7y agoI bought some ski goggles at a "spring clearance sale". Stupidly, I did not search on the internet first. They were marked up $40 above what the manufacturer charged on their website.
- wincy 7y agoThat reminds me of the terrible movie Don’t Mess With the Zohan. His cousin or someone runs an electronics store and there’s a big sign that says “Going Out of Business”. Turns out the store’s name is Going Out of Business.
- navigatesol 7y ago>as a counterpoint "going out of business" sales are common in the brick and mortar world, especially in sectors like furniture. I'm confused; if the price isn't good, what does it matter what type of sale it is? "Going out of business" should be points against buying from said store, no?
- kthejoker2 7y agoA "going out of business" sale sign indicates they are eager to move their inventory, potentially even at cost, to avoid additional storage, transportation, disposal fees, etc. If it's truly going out of business, that's leverage for the buyer, precisely because while you can simply choose to shop elsewhere, the number of available buyers is finite and approaching zero. So if the "price isn't good" you can negotiate, whereas at a healthy business there ought to be no negotiating.
- parliament32 7y agoIn the same vein, there's a massage parlor near me that's had a "grand opening special" for several years now... these are examples of "dark patterns" in older industries than tech.