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Originally Posted by Slava
In case anyone’s interested, Nordstroms started their clearance sale yesterday…with a whopping 5% off. They have until June 30, so obviously better deals will eventually come.
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Quote:
Originally Posted by jayswin
That's the new retail strategy when closing out. It started about a decade ago, I believe. They used to just say "we're closing, get rid of everything". But then when social media came to power and everyone talked about everything, they realized that you could create excitement over closing sales.
They found that people will flock like seagulls as soon as a closing sale starts and many will walk away with things even if the sales are silly. Then you just slowly move the percentage up until almost nothing good is left when you're up to the old style 50-80% off.
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Was in Bed Bath and Beyond a few weeks ago and they were 10% off, so yeah, no smoking deals.