Store Closing! Everything Must Go!

Folks who think they’re getting great deals at furniture store going-out-of-business sales may be in for a rude surprise.  It seems buyers who think they’re taking advantage of a distressed retailer are actually the ones getting stung.  Furniture liquidators who know the crowds will flock in are using the opportunity to sell a great deal of imported knock-offs at inflated prices.  The buyers who think they’ve scored a great price on a dining room set often discover that stuff they’ve bought is actually imported from China — and can often be bought for less at ordinary retail prices.

The Milwaukee Journal-Sentinel has an interesting piece on the art of making money at going-out-of-business sales.

[Frank Snyder]