I was just talking about how Kmart and Sears are going to be closing many locations, including the Kmart near where I work in Bangor and a Sears in Augusta (I live in Maine), and now I hear that Macy’s, just a few minutes away from Kmart, will be closing in the spring as well.
According to an article in the Bangor Daily News written by Christopher Burns and Nok-Noi Ricker, Macy’s will be closing 63 stores across the nation by that time. The Bangor location 65 Employees.
That’s a lot of people out of work. I’m hopeful they’ll quickly be able to find replacement jobs.
On the flip side, you have the sales generated by store closings. Now there will be two places to shop deals at, to stock up on things you’ll need. The trick to really getting deals, is to get only what is needed.
If you know you’ll go through 4 packages of sock in the next two years, and decide to stock up on them because the price was cut in half, then you will be saving 50% on something you know you will need and use. Take them home and pack them away until you’d normally need them.
If you take them home, open the packages, and use them immediately, then you’ll likely need to buy more before the two years are up. This means you haven’t really saved money or realized the good deal.
Same thing goes for fashionable scarves, shoes, underclothes, and so much more. Be smart about how you shop, and you’re money will go so much further.
Strategic shopping is the way to go. Not wasteful shopping.
So take a look at what you’ll need for the coming year, make a list, and see what you can find at discounted prices. And don’t forget coupons! If you can couple a coupon with a sale, you’re doing great.
And if you are someone who will be left without a job come the closing of a store, I really do hope you find work again quickly.