We know that the rise of Amazon Fashion and online shopping in general means the physical brick-and-mortar stores are struggling. But, this is just ridiculous. The “space available” signs semerged to be springing up faster than you can say “bye.”
In the past few months, we’ve seen Sports Authority get sold off; Macy’s closed more stores and Aeropostale basically disappeared. Charles and Keith (based in Singapore) locked the doors on its Japan locations. The Limited even offered everything online and in-store for up to 70 percent off to get rid of inventory as well as help some locations close up, according to one store associate.
This past weekend, I saw my local BCBGMAXAZRIA store about to do the same.
What does this mean for you?
Well, besides the fact that your malls may get some new tenants, it’s giving you the opportunity to take advantage of some serious savings. Here are a few ways to make your dollar stretch a little longer.
1. Pay Close Attention to Sales Round-Ups
I typically put up at least one a month but now you may start to see them more frequently. As some stores continue to close and even more need to make room for spring inventory, there is a sudden rise in sharp discounts; so, take advantage of them. If a BCBG dress you like is on sale at a larger e-tailer like Shopbop, compare the price to your local BCBG store as well as the brand’s site. Simply put, look for ways to pin the stores against each other and get the better price. Store closures give you options and the increase in sales mean you can use them to better you’re wallet as well as wardrobe.
2. Try things on in-person
When a store is about to close, the location is trying to get as much money back for their inventory as possible. As we saw with The Limited’s holiday sale, returns and refunds become non-existent. The last thing you want to do is buy something that doesn’t fit and then be stuck with it. To avoid this, take your time, go to the store and try it on.
3. Find out the closing date
The closer it gets to the official closing date, the higher the discounts will be. With this is mind, plan accordingly. Do they have 15 of a sweater you like in your size? It may be worth waiting the extra week to get a few more bucks off. Or, better yet, know another location that’s closing sooner? See if you can get the same discount at the store with a little more time. It never hurts to ask because the worst they can say is no. One more thing that’s worth noting: the closer it gets to the end date, the less will be available. If you find something you love that fits your body and budget, it may be worth getting.
4. Plan before you buy
We talked about this in my impulse buys and dressing room dilemmas posts. This is the time to take advantage of awesome sales and get things you need for the future. But, there’s also no use in wasting money. Look in your closet before hitting the store and see where the gaps are. Do you need a remplacement black sweater for that worn out one or a new pair of winter boots? You don’t know until you look. Most importantly, only buy for this or the next season. Anything later than that and you may never wear it. (We all have a few NWT items in our closets – that means new with tags.)
5. Be smart in the stores
Found something you love and didn’t plan on? Do a quick search on your phone to make sure it isn’t cheaper somewhere else. Remember, stores that are about to close pray on impulse buys to recoup their losses in these situations.
That’s it for now. Stay safe to all my fellow north-easters in this ice-covered commute. And, if you liked the post, please let me know in the comments. I can’t wait to hear from you!