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(KRQE News)   Ric Romero investigates why a store has been GOING OUT FOR BUSINESS for at least three years   (krqe.com ) divider line
    More: Obvious, Ric Romero, information sign, mountain road  
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11930 clicks; posted to Main » on 10 Jan 2013 at 6:27 AM (3 years ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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Archived thread
2013-01-10 06:34:39 AM  
4 votes:
We all love the "Ric Romero reports" meme, but I'd really prefer it if it actually was the real Ric Romero.
2013-01-09 09:46:20 PM  
3 votes:
They are trying to go out of business, but customers keep coming in and spending money.  Due to high demand they are forced to stay open just a few more days.  I applaud them for their heroic sacrifice to meet the customers needs.
2013-01-10 06:58:37 AM  
2 votes:
I've never quite understood how some people think that making potential customers feel stupid is a "clever marketing ploy".
2013-01-11 04:33:45 AM  
1 vote:

Sid_6.7: Aussie_As: Ouch. Where I live, there are entire industries which have been going out of business for as long as I can remember. We like to think in South Australia that we're not quite the same as the South of the USA but your post suggests we've got this badly wrong. And perhaps we have.

I'm just trying to help, not be pendantic here, but the "

It's based on what states were part of the Confederacy during the Civil War, and lots of other factors. New Mexico wasn't a state back then, so generally is not considered "Southern" in the sense that Americans use the term. New Mexico is also normally considered part of the "West" (typically meaning west of the Mississippi River), but is not part of the "West Coast".

I'm sure Australia has some similarly confusing distinctions somewhere.


Well thanks for that. I've never actually visited your country but I suck down about 6 hours per day of your television and really love your culture (although am mildly scared by it too) and love being educated about it. I think my reference to the south came from earlier posts though, so it's not just me benefiting from this correction.

Australia does have similarly confusing distinctions: I live in the state which, perhaps along with Tasmania, cops more shiat from the other states about being backwards and insignificant than the others despite our (and arguably also Tasmania's) lifestyle being the envy of much of the world (as long as you don't want things to be too exciting/24-7/expensive but are happy with nice climates, great access to outstanding and affordable local produce, magnificent beaches/landscapes/wineries/rivers/forests/fishing/beer). The simple reality is Tasmania and South Australia have small populations and are easy targets for comedians etc who want to pick on someone without losing their main markets.

Plus admittedly both Tasmania and South Australia have low crime rates but unusually high numbers of really bizarre/newsworthy mass murders and serial killings within these low crime rates, which means we're usually in the news for entirely the wrong reason.
2013-01-10 09:53:35 PM  
1 vote:

Aussie_As: Ouch. Where I live, there are entire industries which have been going out of business for as long as I can remember. We like to think in South Australia that we're not quite the same as the South of the USA but your post suggests we've got this badly wrong. And perhaps we have.


I'm just trying to help, not be pendantic here, but the "

It's based on what states were part of the Confederacy during the Civil War, and lots of other factors. New Mexico wasn't a state back then, so generally is not considered "Southern" in the sense that Americans use the term. New Mexico is also normally considered part of the "West" (typically meaning west of the Mississippi River), but is not part of the "West Coast".

I'm sure Australia has some similarly confusing distinctions somewhere.
2013-01-10 06:44:19 PM  
1 vote:
When I lived in the Bay Area in the 90s, half the shops in Chinatown were going out of business.

They are probably still going out of this business today.
2013-01-10 03:58:21 PM  
1 vote:
This thread may or may not have made me a more savvy consumer.
2013-01-10 02:33:56 PM  
1 vote:
I hit the going out of business sale for The Great Indoors not long ago.  It was the first time I hit one of those sales with a price scanning app for my smartphone.  I had finally caught on that those sales are scams, but I wanted to see how bad.

Even at 75% off, most items were showing up as being cheaper elsewhere.  Didn't buy a thing.
2013-01-10 02:04:09 PM  
1 vote:
I had a friend in college who's dad was in the Persian rug business. I was once joking about how a local persian rug shop had been going out of business for 5 years straight.

He stopped me and said "Actually, they really are going out of business. The way it works is that rug dealers buy and sell large collections of carpets as quickly as possible. They will buy $500k worth of inventory, lease a store for 30 days and try to sell it all off. They'll be in and out in a month and then the place gets leased to someone else that needs to sell off a big inventory."

Weird stuff. His dad made really good money doing this once or twice a year . . and buying and flipping used Mercedes. His house had persian carpets covering every square inch of floor - stacked 2 deep in many places. Even hallways were completely carpeted in dozens of smaller rugs.
2013-01-10 12:38:04 PM  
1 vote:
1. So they go in and harass the poor sales person who has nothing to do with it, and will now likely get fired
2. Not sure how that helps business anyhow. For every person who might stop in because it's "going out of business", there are probably more that don't go in, because why go to a store that is going out of business?? It doesn't say "SALE" or anything.
2013-01-10 12:23:49 PM  
1 vote:
CSB:
Went into a furniture store a few years back to price out some new bedroom furniture for our daughter. Since we weren't in a big rush, and we knew that the store is constantly advertising big sales, we figured we could wait. When we went into the store on their "Independence Day Sale, Everything 50% off!", we were shocked to be quoted a price about 25% higher than what we'd seen when we were there when no sale was being advertised.

All of the price signs had been replaced with handwritten "Retail Price" signs with big Xes than drawn over and the supposed "50%" price written below. I did some research and found that the same company manufactures the furniture, and thus it is never sold for their "Retail Price". It's always marked down some percentage. I filed a complaint with the BBB and soon got a call from the area general manager who gave me a deal on the set (25% off the original quoted price, plus free delivery and 0% financing) as well as a promise to provide the same deal on a living room set if I was in the market for one.
2013-01-10 11:28:12 AM  
1 vote:
Ran into Ric at the Consumer Electronics Show yesterday and offered to personally show him around our booth - since electronics can offer new features every year.

He's a true gentleman.

i49.tinypic.com
2013-01-10 11:27:42 AM  
1 vote:
It seems like most small businesses in NYC exist in one of two states - "Grand Opening" or "Closed for Renovations". No one ever goes "out of business".
2013-01-10 10:33:02 AM  
1 vote:
back in my home town there was a furniture store that my earliest memory of it was its going out of business sale! It continued going out of business for 15 years or so, I think the City anexed the land from the county and city law said a story could only go out of business for 60 days.

The city I live in now used to have Persian Carpet stores that did the same thing. but the law changed and they can only do it for one thirty day period each two years. And they still do!
2013-01-10 09:45:40 AM  
1 vote:
Years ago I lived in Laredo TX and there was a furniture business there that ran a commercial every Saturday night at midnight for a "Lost our lease, going out of business sale". I saw it the first time when I was 12 or 13 and it was still running when i moved away when I was 22.
2013-01-10 08:43:04 AM  
1 vote:

LeroyB: What consumers fall for are the stores that actually HAVE gone out of business and liquidators have come in to empty out the stores.

They put up signs saying "30% off" and "80% off" and people pack the places trying to get what they think are deep discounts. In reality they are paying 30 to 80 percent off the MSRP which usually results in prices HIGHER than what the store (and neighboring competitors) originally sold it for at retail.

It's not illegal, but consumers are stupid in general because they assume the price is 30 to 80 percent off the price they used to be sold for. I don't recall seeing any news reports covering that.


I encountered this a few years ago when we changed my son's bed into a full size from a twin size. I built the bed itself, so modifying it took only a day, however I can't build a mattress. A local mattress store was 'liquidating', so we checked them out. They were busy and wanted close to $1000 for a 'cheap' mattress. We went down the road to a place that barely advertises and bought a mattress for less than $200. It's a basic top mattress, but it holds up to the abuse from a teen. I patronize the same two furniture stores and not who is advertising for good reason.
2013-01-10 07:48:23 AM  
1 vote:
Another scam are the Persian Rug sales supposedly being held for some bankruptcy proceeding. The notice is designed to look as if it was placed by a court. Maybe I am too cynical, and making a go of Persian rugs is just much harder than I imagine?
2013-01-10 07:19:07 AM  
1 vote:
Hahaha we have one of these going on in Brookfield, WI with a furniture store. I swear like every summer they pull that nonsense and are out with the big "Going out of business" signs. I wish they really WOULD go out of business at this point as they are just annoying everyone.
2013-01-10 07:18:48 AM  
1 vote:
Is it a rug store?

/seriously, what is it with rug stores in Boston and this tactic? Has it ever worked? (Maybe on some college kids just moving to Brighton?)
2013-01-10 07:09:55 AM  
1 vote:

LeroyB: What consumers fall for are the stores that actually HAVE gone out of business and liquidators have come in to empty out the stores.

They put up signs saying "30% off" and "80% off" and people pack the places trying to get what they think are deep discounts. In reality they are paying 30 to 80 percent off the MSRP which usually results in prices HIGHER than what the store (and neighboring competitors) originally sold it for at retail.

It's not illegal, but consumers are stupid in general because they assume the price is 30 to 80 percent off the price they used to be sold for. I don't recall seeing any news reports covering that.


When my local Blockbuster outlet finally went down for the count, they used this gimmick. Boxed sets and seasons of television shows were going for a lot higher price than before the sellout. I also noticed a lot of stuff from shuttered BB stores in neighboring states, so it was pretty obvious they'd moved it here and marked it up too. I saw the same thing when Movie Gallery folded as well. It seemed that bare-walled and stripped-to-the-fixtures atmosphere must have been conducive to spending as people were lining up to get rentals of Gilmore Girls and Bob The Builder at maybe a dollar or two less than just buying them new.
2013-01-10 06:54:45 AM  
1 vote:
There's a furniture store near me that's been doing this as well. They went from EVERYTHING MUST GO to GOING OUT OF BUSINESS to FORCED TO SELL. The last one struck me as rather odd, since presumably nobody ever started a furniture store with the intent of not selling anything.
2013-01-10 06:45:48 AM  
1 vote:
What consumers fall for are the stores that actually HAVE gone out of business and liquidators have come in to empty out the stores.

They put up signs saying "30% off" and "80% off" and people pack the places trying to get what they think are deep discounts. In reality they are paying 30 to 80 percent off the MSRP which usually results in prices HIGHER than what the store (and neighboring competitors) originally sold it for at retail.

It's not illegal, but consumers are stupid in general because they assume the price is 30 to 80 percent off the price they used to be sold for. I don't recall seeing any news reports covering that.
2013-01-10 06:43:12 AM  
1 vote:
There is an asian buffet place I know that has people holding signs along the road that the place just opened when they are low on customers.
2013-01-10 12:08:40 AM  
1 vote:

Sid_6.7: I guess everyone in that town is a helpless rube incapable of not going into a store because it has a sign like that? And once they go in, they just start buying sh*t without looking at the prices and comparing them to other places?

ZAZ: Where I live a rather long section of consumer protection law regulates the conduct of "going out of business" sales and any other sales that imply a cessation of business. You have to post a bond, give authorities an inventory ahead of time, and you can't go out of business more than once every two years.

The store isn't advertising a sale, though, they just have a sign that, for the poorly educated and unobservant, might lead people into thinking they're going out of business.


It's Albuquerque.  'Nuff said?
2013-01-09 11:46:30 PM  
1 vote:
This sounds like a job for the Consumerist.
2013-01-09 10:05:33 PM  
1 vote:
I guess everyone in that town is a helpless rube incapable of not going into a store because it has a sign like that? And once they go in, they just start buying sh*t without looking at the prices and comparing them to other places?

ZAZ: Where I live a rather long section of consumer protection law regulates the conduct of "going out of business" sales and any other sales that imply a cessation of business. You have to post a bond, give authorities an inventory ahead of time, and you can't go out of business more than once every two years.


The store isn't advertising a sale, though, they just have a sign that, for the poorly educated and unobservant, might lead people into thinking they're going out of business.
2013-01-09 09:31:56 PM  
1 vote:
So, it's an ongoing preposition?
ZAZ [TotalFark]
2013-01-09 09:16:32 PM  
1 vote:
Where I live a rather long section of consumer protection law regulates the conduct of "going out of business" sales and any other sales that imply a cessation of business. You have to post a bond, give authorities an inventory ahead of time, and you can't go out of business more than once every two years.
2013-01-09 08:30:03 PM  
1 vote:
Well, obviously they haven't found the business yet.
 
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