Strategic Shopping During Store Closings

I recently mentioned that several Kmart, Sears, and Macy’s stores across the nation will be closing this spring. Now I’d like to discuss how to take advantage of the sales that will be going on. I can’t say when each store will start their going out of business sales, but I can offer up tips for getting the most for your money when they do.

Here in Bangor, Maine, we’ll get to shop sales at Kmart and Macy’s. I’m making my plans now for how I’ll shop and what I’ll be looking for.

Some things to consider when shopping a store closing sale

  • Does the store allow for the use of coupons? If so, acquire as many as possible for the things needed. Saving every penny possible will help you to take advantage of as many good deals as possible. Also find out the number of coupons you can use at once.
  • Does the store have a rewards program? If so, you might still be able to use the rewards program right up until the end. Do so.
  • If the store is also online, like Kmart.com, and will still be online when the store closes, you should be able to use the rewards card online after the fact. If so, you’ll especially want to keep using the card for every single purchase.
  • If not, then be sure to use any remaining points before the store closes.
  • Don’t buy frivolously. Know what you need and stick to a budget.
  • Things will likely cost less toward the end of the closing sale period than they did at the beginning. However, the stores will also be much more picked over.
  • Pay with cash or debit card.

Shop Closing Sales Using Income Tax Refunds

If you’re anything like me, you already know where you’re refund is going. Yes, I have a list and know exactly what I am willing to pay for each item. I’ve had this planned for weeks. There are particular things that I want for the room that I rent, that will help me to organize better. I’m looking to organize my time, my room, and my writing business this year, and I know what I’ll need to accomplish it all.

The question to ask is, do I need to spend my income tax refund as soon as I get it? This will depend on the purchases and your circumstances.

Is it possible for you to put the money away and wait and see what happens during the closing sales? If so, you might spend as much as 50% to 75% less on some items, leaving you even more of your hard-earned cash to spend on other needed items.

If you consider that you’ll still be able to find the items elsewhere for the price you were originally going to pay, this chance may be well-worth waiting to see what happens at the store.

Say you want a cube shelf to go behind the two chairs in your living room, and you can get them at Walmart for $68.00 each. You need two for your space, bringing the total to $136. If they have the same shelves at the closing sale for $34 then you can get two for the price you would have paid for one at Walmart, saving $68.00. Great deal. And if you don’t happen to get to the other store in time to snag that deal? You still have the full amount to spend at Walmart. But consider the savings if you do get to the other store in time to get at least one there. You could use the money saved for any number of things, such as the set of pots and pans you’ve been needing.

Or maybe you’re a huge fan of candles and want to stock up during the sale. You’ll get great prices, saving enough to get you twice as many candles, or to also stock up personal hygiene items you know you’ll need.

Use Closing Sales to Shop Back-to-School Needs

It may seem a bit early, but shopping back-to-school sales can be done in the spring rather than during the summer months, especially if it means huge savings. Email, or go in and talk to, teachers about what you’re child will be expected to have for supplies the next fall, explaining your plan to take advantage of these sales. But don’t stop there. You can also look for deals on clothing and accessories, shoes and sneakers, backpacks, and more.

If you can get these items at 35% or more off, you’re getting a great deal. Take advantage if the money is available.

Use Coupons During Closing Sales

If the store allows for their use, and you can find them for the items you need, coupons will help you save even more money, and may help you to get some items for free. Take advantage of this. Extreme couponers know how to do this well. This is particularly helpful when buying personal hygiene, household, and food items, but you might find other types as well.

Don’t forget to use any store coupons you’ve come across as well.

Use Gift Cards During Closing Sales

Still have balances on the gift cards you received at the holidays? Be sure to use them. This will help you to save even more money.

Have you earned enough points from programs such as MyPoints, SwagBucks, and Shopkick to get gift cards for a store in your area that is closing? Consider any benefits of using those points now. Will doing so provide you with enough savings to warrant using those points now? (By the way, if you want to sign up for any of these programs, doing so through the links here in this post will help me to get more points myself, which I would be grateful for. Thank you. Signing up for each is free and easy. And I’ve gotten value from them myself.)

Shop for Holidays, Birthdays, and More During Store Closings

Birthdays, holidays, baby showers, anniversaries… there are so many special occasions that cost so much money in the long run. If you are like me and you already have an idea of what you’ll need for the coming year for these occasions, you stand to save a rather large amount of money if you buy the items during store closings.

Besides the items themselves, look for gift wrapping needs to save even more.

*****

As you can see, if you have the budget there is much you can do at store closing sales. I’m not saying you’ll be able to do all these things. But if you know now what you’ll need for each category throughout the year, you can look for only those items during the sales.

Maybe you only find 1/4 to 1/3 of the items. That’s still going to be a good savings.

See what you can do, and let us know what awesome deals you find!

Shannon

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