What is the point in these 70% off Sales?

Question

In all seriousness, everybody is talking about how it's ok because everybody is still spending in these great sales now but so what. Has noone considered the fact that if shops are selling items at 20% or 30% of their usual price as opposed to the 50% or 60% they would usually sell them at during this time of year then where is the shops making a profit? Oh, they're not.

If there's no profit what does everybody think will happen next?

So back to my first question - what is the point?

Answer 1

This is indeed the worst sales season in decades



When these stores give up to 75% off they will be demanding bigger

discounts from their suppliers and then the suppliers do likewise

what happens is people lose jobs in the end and even with a lot of good bargains out there

What good is a good bargain if you can't afford to buy anything because you lost your JOB?

Answer 2

I think there are two sides to the answer. First there is the idea that people are actually spending their money as opposed to saving it - which has been a trend under the recession. The second point is that businesses will firstly clear old stock secondly, have to import more which helps the global economy and thirdly are turning over cash that will enable them to keep afloat - at least in the short term. This last point allows them to make a plan for problems in the long run. So I guess we should just enjoy things whilst we can!

Answer 3

I agree with SHAMBO, these sales are a complete SCAM. I haven't bought anything and have no intentions of getting into debt to bail out anyone.

EXAMPLE:-

I've just selected 3 items out the Argos catalogue (from random) - 2 video cameras and a chainsaw - that's from the latest catalogue Autumn/Winter 08, and I've checked the new prices on the web.... Guess what? Just a 2 lousy percent reduction on it's prices - and the Chancellor gave them that anyway but cutting VAT by 2.5%. So they aren't even giving the full 2.5% off - in the sales??????? Yet they reckon 'Hundreds of items half price'. It's a CON, it really is.



They must think that we fell off the top of a Christmas tree. SHAME ON THEM.

Answer 4

They want to shift stock to make room for new things. My sister owns 2 shoe shops and the recommended mark-up on what she pays the suppliers is 100% (i.e. double the price). If she sells at 70% off she's actually making a loss but she prefers to do this anyway to clear out old stock.

Answer 5

In some cases they are just trying to break even and get rid of stock. In other cases they are hoping you will come in to the store for a great deal and hopefully buy some additional product they may make a profit on. In the end they are hoping to pay their employees and keep the lights on until this economic mess corrects. The point is survival and it isn't all that rosy right now.

Answer 6

The actual markup on most products is HUGE & most products are seriously overprice. Believe it or not, even at 70% off, the major retailers are still making a profit, even if it is a small one.



People will go out for the clearance sales, but many times, they end up buying regular price merchandise, too. I work for Target & my store was packed with people yesterday. Many of them were buying the 50% off holiday merchandise, but they were also buying the basic things that everyone needs (toilet paper, paper towels, shampoo, etc).

Answer 7

Actually by selling products at 70% off they are still making a profit whereas before they were making obscene profits!

Answer 8

Its called clearing their backlog, the original prices they place on goods are a rip off. I have not one ounce of sympathy for shops who mark up their prices in such a way as to be considered nothing more than a rip off, so when they offer 90% discount they will be nearer the value of the item

Answer 9

ok awsome vogue 1over 5 is one 5th and which capacity from the unique fee its being devided via 5 and that's how lots is being dicounted. a decimal is yet in a distinctive thank you to jot down an identical quantity as a fragment, it nonetheless says a factor of an finished, its in simple terms you progression the % sign to areas decrease back a a decimal. occasion: 14% in decimal .14 yet another ex. 123% is a million.23 % see 2 areas decrease back. 4p.c.s fraction is .04 over a hundred and then decrease. decimal being 4%. desire i helped

Answer 10

70 % sounds so good to some people, they fail to realize that some retailers still double their money after a 70% sale. They know the numbers. Keep in mind this so called 70% off is not for your benefit.

Answer 11

they are all quietly clearing stock to save having a closing down sale because after january no one will be buying. the high streets of britain will be ghost towns.

Answer 12

The point is , if you cannot make profit, at least don't make a loss and/or keep your customers' confidence and 'loyalty'...

Answer 13

WARNING: THESE SALES ARE A SCAM AND YOU ARE BEING LIED TOO. For example:



Summer Catalog

http://www.flickr.com/photos/33743776@N06/3141306346/



Winter Catalog

http://www.flickr.com/photos/33743776@N06/3140478753/



Now guess which catalog also advertises it's a SALE at 50%.

Answer 14

there still making a profit

Answer 15

so the stuff wont collect dust