Blog Post about Retail “sales”

by Rocket Finance

I stumbled across this post on a non-personal finance blog recently. It is about the pricing practices of retail chains, specifically Kohls Department Store. I have never worked in the retail industry, but there are a few things that I know about shopping ( and none of them have to do with taste):

1) Never pay full price for anything. The original price is for suckers. See the iPhone.

2) Stores make money at every price, sales, clearance, all of it.

3) The primary way that retail stores make money is through interest and fees from in-store credit cards.

4) The mark-up on electronics is huge.

5) There will always be another fantastic, blowout, never-before-never-seen-again sale. Just wait a week.

6) Instant gratification does not benefit the consumer.

I know that stores need to make money in order to make a profit and I appreciate the convenience and competition afforded by our culture. I don’t expect something for nothing. 

I just don’t want them to take me for granted. I want them to continue to work hard to get my business.

  1. 4 Responses to “Blog Post about Retail “sales””

  2. By plonkee on Oct 10, 2007 | Reply

    Clothes. I pay full price for most of my clothes as a lot of the stores that have major sales ship in special, not as nice clothes for their sales. I’m also awkward, if something fits and looks good and I can afford it, I’d better buy it or it’ll disappear.

  3. By admin on Oct 10, 2007 | Reply

    I know what you are saying. There are certain clothing items that I don’t settle for anything less than the best.

    However, I shop at the Kohl’s Dept store that is mentioned in the post and you can always get quality clothes for very good prices – if one is patient and willing to wait a little.

    Thanks for stopping by, I’m still working my way though the best and worst financial decisions on the m-network.

    http://plonkee.com/2007/10/08/least-bad-and-least-good/

  1. 2 Trackback(s)

  2. Oct 16, 2007: rocket finance » Blog Archive » Something for Everyone
  3. Oct 16, 2007: rocket finance » Blog Archive » 96th Festival of Frugality

Sorry, comments for this entry are closed at this time.