You’ve probably heard of the phrase “going out of business sale.” But what does that mean? Is it true? What is going on with your favorite store? Well, we’re breaking down everything you need to know about store sales—including why they exist and when they happen.
How store sales work.
Sales are a way for stores to make extra money when they need it. Sales are also useful in clearing out old inventory and making room for new inventory, which can be expensive to store. Finally, sales are an opportunity for stores to get people into the door–and once inside, get them spending more money than they otherwise would have without a sale on offer!
As you can see from this example, there’s nothing wrong with taking advantage of sales as long as you know what they’re all about:
Why do stores have sales?
The real reason why stores have sales is because they need to make money. They have to pay their employees, buy new inventory and keep the lights on. Sales are an important part of this process because they can help clear out old inventory and get rid of damaged or defective items that would otherwise sit …