Also: Disagree that this is merely another "liquidation sales suck" story. It gives some strategies for actually getting some deals (go on Wednesdays after the new markdowns take place).

Like my job, the liq companies are ready to go at a moments notice. I've been sitting at home reading consumerist and then been at a location fixing a Point of Sale server halfway across the country 6 hours later. I have everything I need to travel, including the required tech to get the job done, sitting neatly in a corner of my closet. When the call comes, I hang up the phone, grab the bags and go out the door.

And the bankruptcy declaration itself happened months ago.

These liquidators are either total idiots, or else its economists who are the idiots, or maybe consumers, I guess - whoever the idiots are, by the book it shouldn't be possible to clear the stores except by deep discounts. Even if consumers are mistaken that "liquidation" means lower prices, that had to be true at one time - or else why would consumers make that association?

@Gorphlog: Well, lets be fair, repricing a store in a day isn't exactly difficult. How do you think stores suddenly reprice their whole store for a sale overnight?

Your biggest problem is simply bringing in enough people to replace all the signs when it happens.

Why are people surprised the company is still trying to make money off its remaining stock? That's like expecting a dying man to hold his breath instead of gasping for whatever air he can get.

And who wouldn't haggle? If you go in expecting to get something, or look desperate, they're not going to give it to you. If you walk in and offer 80% of what they're asking for a big ticket item they can't sell, and you look prepared to walk, odds are they'll give it to you. Haggle, yes, but don't expect them to give it away.

Probably because they know the average consumer is a retard.

@coren: I think it has to do with the "How To Not Get Sued For What You Say On Yelp" entry.

I hope this gets ingrained into people's heads so we can actually score deals when stores go out

Good question. CC had been in trouble for quite a while. Companies have contingency plans for this sort of thing all the time. The management of this company had shopped it to a couple of potential buyers and they passed (probably after peeking at the books and realizing that the company's business model was idiotic).It was a simple matter of flipping the switch and getting the liquidators in there before stuff started walking out and the employees started leaving in droves.

I am also fairly certain that none of them practice beastiality though I cannot say for sure.