How to Shop Excess Inventory From Retailers
ByElizabeth YukoAlertsFor more than two years, there has been no shortage of well, shortages. From toilet paper and hand sanitizer in the beginning of the COVID-19 pandemic, to baby formula and tampons now, supply chain issues and labor shortages have mad
ByElizabeth Yukoalerts

For more than two years, there has been no shortage of well, shortages. From toilet paper and hand sanitizer in the beginning of the COVID-19 pandemic, to baby formula and tampons now, supply chain issues and labor shortages have made some essential products difficult to find.

WatchWhat to Do If You Ever Get Fired or Laid Off02:47Now playingLifehacker vs. Lea DeLaria6/22/22 12:10PM01:18Now playingWhat to Do When a Cop Asks to Search Your Vehicle6/21/22 4:19PM

But while retailers are experiencing shortages of some items, the combination of rising inflation and the lifting of some pandemic-related restrictions (and, as a result, people actually leaving their homes) have left them with an excess of some products, including clothing and big-ticket items like furniture and appliances.

In those situations, some stores looking to recoup their costs and clear their shelves before new merchandise arrives are having some serious sales this summer. A recent report from DealNews includes some tips for making the most of the discounts resulting from retailers’ excess inventory. Here’s what to know.

Pay attention to news involving retailers

The issue of retailers having excess inventory made headlines about a month ago, when Target warned its investors of an upcoming short-term hit in profits following markdowns to clear out extra inventory. And the big-box store isn’t alone: Walmart, Macy’s, the Gap, and Kohl’s are also reporting higher-than-usual inventory levels, and having sales to get it off their shelves.

Save 25%

Kasa Smart Home Wi-Fi Outlets (2-Pack)

Voice control
Turn electronics on and off from anywhere with your smartphone using the Kasa app, whether you are at home, in the office or on vacation. Use timer or countdown schedules set your smart plug to automatically turn on and off any home electronic appliances such as lamps, fan, humidifier, Christmas lights etc.

Don’t expect dedicated ‘inventory reduction’ sales

Sometimes, retailers will publicize “inventory reduction” sales— designed to move older merchandise before new stuff comes in—towards the end of the year. But don’t expect most stores to announce this type of sale right now: Instead, pay more attention to what appear to be the usual seasonal sales, as they’ll include the discounted, overstocked items.

Look for sales on in-season items

Typically, a store’s seasonal merchandise goes on sale as the season is ending, and people are more interested in buying stuff they can use right away (or soon, at least) than items that they’ll need to store for almost a year. But given the excess inventory situation right now, some retailers are offering in-season products at off-season prices.

Check out off-price retailers

Some stores have a business model based on buying goods other retailers were unable to move, and selling them to consumers at a discount. Given the current situation, we can expect to see more inventory and, potentially, prices even lower than usual, at stores like TJ Maxx, Marshalls, Burlington, Ross, and Gabe’s, and websites like Overstock.com.

Don’t spend money you don’t have

...

This article is republished from theinventory.com under a Creative Commons license.

RELATED POST