How to buy excess inventory from a retailer

For more than two years, there was no shortage of wells.from Toilet paper and hand sanitizer At the beginning of the COVID-19 pandemic, baby method When tampon Currently, supply chain issues and labor shortages make it difficult to find some important products...

However, while retailers are experiencing a shortage of some items, a combination of rising inflation and the lifting of some pandemic-related restrictions (and as a result, People actually leave home) Some products are left in excess, including high-priced items such as clothing and furniture and appliances.

Under such circumstances, some stores that are trying to recover costs and clear shelves before new products arrive have made significant sales this summer. A Recent reports from DealNews It contains some tips to help you get the most out of the discounts that result from retailers’ overstocking. Here’s what you need to know:

Pay attention to news about retailers

The problem of retailers with excess inventory was talked about about a month ago. Target warned investors A future short-term blow of profits after price cuts to wipe out excess inventory. And it’s not just big stores. Walmart, Macy’s, Gap, and Coles It also reports higher than normal inventory levels and has sales to remove it from the shelves.

Don’t expect dedicated “inventory reduction” sales

Retailers may announce “inventory reduction” sales towards the end of the year designed to move old items before new items arrive. However, don’t expect most stores to announce this type of sale right now. Instead, pay more attention to what looks like a regular seasonal sale, as it includes discounted overstocked items.

Find product sales during the season

Seasonal items in stores are usually sold at the end of the season, and people are more interested in buying items that are ready to use (or at least immediately) than items that need to be stored for almost a year. However, given the current overstock situation, some retailers offer off-season products at off-season prices.

Check out off-price retailers

Some stores have a business model based on buying items that other retailers couldn’t move and selling them to consumers at discounted prices.Given the current situation, we can expect to see More inventory and potentially even lower prices than usualTJ Maxx, Marshalls, Burlington, Ross, Gabe’s and other stores, and websites such as Overstock.com.

Don’t spend the money you don’t have

If what you want is currently on sale but you don’t have the money to buy it at the moment, it’s not worth the debt.according to DealNewsThese are not discounts that will never be seen again, and sales with similar discounts may occur in the future.