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Is there an economist here that might know if this would lead to stores decreasing prices on products in order to move merchandise, keep the same, or increase?
by Simulacra 6y ago
Is there an economist here that might know if this would lead to stores decreasing prices on products in order to move merchandise, keep the same, or increase?
- eightysixfour 6y agoWay back in the day I worked for CompUSA while they were going out of business and helped shut down a number of their stores in my area. The process was to mark everything back to normal retail prices, announce a going out of business sale and on a set time frame start to lower prices (depending on how fast we needed to clear the store). Most of the high value things were bought at their normal “on sale” prices with the few things that snuck by to the lower price points getting picked up by employees and friends of employees. Everything else was junk and would get sold off for 40%-80% off of retail. Then we would sell things like shelving and display cases. Obviously this isn’t an equivalent scenario, but if we start seeing retail stores going out of business, I imagine it will follow a similar pattern.
- crispyporkbites 6y agoThere’s plenty of economists that know the answer to that, not so many that will be right.
- munificent 6y agoGiven a sufficient number of astrologers, you are guaranteed to have one with a correct prediction for your future. The hard problems is picking which one to listen to.