Tip of the week…
When sales are too good to be true
Fake discounts: Never trust a retailer’s claims about the size of a discount. Several major chains have recently settled class-action suits that claimed sale items were never sold at their implied or stated original prices. At many chains, big-ticket items are “on sale” more than half the year.
Doorbuster deals: Black Friday is famous for deep markdowns on big-ticket items available only in a limited quantity—sales that bring shoppers into stores to tempt them to buy other items. Don’t chase such a sale unless your research shows the price is special.
Going-out-of-business sales: Third-party liquidators often run going-out-of-business sales and set discounts by the manufacturer’s suggested retail price—a price higher than the retailer ever charged. Only by comparing retailers’ prices can you know whether a deal is good. The apps ShopSavvy, ScanLife, Now Discount, and BuyVia can help with that.
Source: Consumer Reports