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    7-13. Store closings - Electronic Edition

    7-13. Store closings - Electronic Edition
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     Sometimes chains go out of business, sometimes they are taken over by other chains and converted, sometimes a single store in a group is closed, and sometimes just a warehouse is closed or moved. In a six-year period there were four home center or lumberyard closings or buyouts in my small community.

     Greg R. shopped the going out of business sales at more than one store in a chain: “You could get some outrageous values at Eagle because they were converting to Lowe’s. We went to the one near City Center and got toilets for $85 each, regularly $212 with the elongated bowl. The one on the south side didn’t have as much.”

     We are very familiar with the formula now. The prices drop storewide every week to an increasing percentage off. You wait for a deep cut and hope that your items are not yet taken. I waited until the bitter end when Home Base went out of business here, and much of my last remaining item, paint, was still on the shelf at 90% off. On the last day of the sale I couldn’t make it down. I drove over anyway the day after, and paint was stacked on pallets outside with a sign that it was free for the taking. I got enough to prime our next house.

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