Quote:
Originally Posted by Paul Levine
Just got an e-mail from Borders announcing the closing of its big Sherman Oaks store. (Barnes & Noble closed one in nearby Encino within the last year).
The Borders ad promises "Everything must go." Prices 20% to 40% off. Big whoop. Not much different than the prices last month or last year.
Why not bigger savings? Because everything need not go. Whatever isn't sold will be shipped to remaining stores....yep, rearranging deck chairs on the Titanic.
Paul Levine
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Ummmmmmm that's how they always do closeouts. They still want to get as much as they can from the stock on site, so they're going to start with 20% and work their way down from there - but first they will want to clear as much as they can at the smallest discount possible.
Eventually they'll reach a point where lowering prices isn't worth it - and then ship stuff to other stores, but that's going to take a while. My local Borders is likely to stay open at least another month - so they won't be in too big a hurry to drop prices on everything.