Q:

How do you find going out of business sales?

A:

Quick Answer

Companies going out of business often place large signs in front of the store advertising the forthcoming sale. It's also worth checking through the classified section of a local newspaper for a going out of business sale.

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Full Answer

Newspapers might write about well-known local companies going out of business, especially if the business has an established history in the community. News of nation-wide retailers closing stores often makes the newspaper as well, so it's worth calling local stores to check if they're going out of business. However, some businesses don't advertise when they're going out of business, and finding information about them often requires learning about it through word-of-mouth advertising.

Companies going out of business typically need to clear everything out of the store before the lease expires or before they can sell the store, so they sell products at significant discounts to make back as much of their investment as possible. Often, buyers can find the best deal near when the sales ends, and managers become lenient when customers haggle over prices. However, popular products do not last long if the sale is popular enough. It's also wise to bring a smartphone to look up normal prices for products, as some discounts might not be as impressive as they first appear.

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