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Official Sales Alert thread - Page 286

post #4276 of 49347
post #4277 of 49347
Quote:
Originally Posted by BB1 View Post
Why so much interest in sales around here? Sales are nothing more than a mechanism used to create impulse purchases, needlessly increasing consumption and frequently burdening the buyer with pieces they probably would not have bought otherwise. Honestly, is 30% off really enough of a difference to merit you suddenly buying something that you previously declined buying at full price? Personally, I find that when I repeatedly fall for these sales traps I end up spending more money overall and my wardrobe gets filled with many so-so pieces that I don't truly love-- kind of defeats the whole purpose of a sale.

The two best masters of the impulse buy and hyper consumption I can think of are GILT Group and Costco. These companies whole business model is based on nearly 100% of the purchase decisions being made in this manner. My wife and I found we actually spend far less money per month after canceling our membership at the later. Yet all our friends think we are delusional for not constantly visiting Costco for its great and unexpected "deals".

This is only true if you are someone who obsessed with brands and doesn't thoroughly consider most purchases. I'd hope I am right in saying most people on here do neither. Personally, if it's an expensive purchase I'll take a day or two and think about.
post #4278 of 49347
Quote:
Originally Posted by BB1 View Post
Why so much interest in sales around here? Sales are nothing more than a mechanism used to create impulse purchases, needlessly increasing consumption and frequently burdening the buyer with pieces they probably would not have bought otherwise. Honestly, is 30% off really enough of a difference to merit you suddenly buying something that you previously declined buying at full price? Personally, I find that when I repeatedly fall for these sales traps I end up spending more money overall and my wardrobe gets filled with many so-so pieces that I don't truly love-- kind of defeats the whole purpose of a sale.

The two best masters of the impulse buy and hyper consumption I can think of are GILT Group and Costco. These companies whole business model is based on nearly 100% of the purchase decisions being made in this manner. My wife and I found we actually spend far less money per month after canceling our membership at the later. Yet all our friends think we are delusional for not constantly visiting Costco for its great and unexpected "deals".

Maybe some of us, unlike your family, make lists of wants/needs and only fulfill those needs when shopping. Therefore going to a sale at Costco or GILT is not an impulse buy, but rather a calculated attempt at saving the most possible money. Come on, if you think smart, you can spend smart.
post #4279 of 49347
^^ I think that rookies and head-up-the-ass types can be duped by sales, but sales work for me just fine. I know my stores and their inventory, I keep an eye on what I want and visit now and then, and lo and behold a lot of what I want is still there at sales time. It helps to work with some SAs who know you and who will set items aside shortly before the big drops, then apply the sales % later to make it work.

The stores win because I am a loyal customer and I make full price purchases as well from time to time. I also spend a lot more money than I would otherwise. You don't have to be a baller (I am not, not even close) to make it work. Actually I thought most people on SF were doing this or something similar.
post #4280 of 49347
Quote:
Originally Posted by DLester View Post
^^ I think that rookies and head-up-the-ass types can be duped by sales

Yeah, I think what BB1 is trying to get at is that sales can sometimes make people make purchases they normally wouldn't, which can result is some sort of buyers remorse. Just because it's a sale doesn't always make it a smart purchase.

I put whatever that catches my eye on a list and will buy it later if I still like it then. If there happens to be a sale on that particular item, even better.
post #4281 of 49347
Quote:
Originally Posted by DLester View Post
^^ I think that rookies and head-up-the-ass types can be duped by sales, but sales work for me just fine. I know my stores and their inventory, I keep an eye on what I want and visit now and then, and lo and behold a lot of what I want is still there at sales time. It helps to work with some SAs who know you and who will set items aside shortly before the big drops, then apply the sales % later to make it work.

The stores win because I am a loyal customer and I make full price purchases as well from time to time. I also spend a lot more money than I would otherwise. You don't have to be a baller (I am not, not even close) to make it work. Actually I thought most people on SF were doing this or something similar.

I am doing this.
post #4282 of 49347
Does anyone here really see a sale and then go impulse buy a bunch of shit that's still a high price? I mean, I know a sale will sometimes sway me on an item that's ~$100...money is money, but I usually go in with a very clear idea of what I want. Hell, even ballers like Jet wait for sales sometimes too.
post #4283 of 49347
Getting this thread back on track....
Word from an SA at Barney's tells me that an extra 33% will be taken off sale items this coming Wednesday, which brings the total sale up to around 60% (his words, not mine). This is more likely going to only affect the Co-Op side though.
post #4284 of 49347
all of barneys will be at at least 60% by wdnesday but i am not getting how another 33% brings the total savings to 60% off. wouldn't 40 + 33=73%?
post #4285 of 49347
If it's 40% off, that leaves 60% for the price. If you then take 33% off of that remaining 60%, that's an extra 20% off for a total of 60% off.
post #4286 of 49347
I think 33% off 40% = 56.5% off total.

Example:
Regular price $100
40% off = $60
Extra 33% off = $40.20

A trick I do is take half the new markdown and add it to the old markdown to come up with a final percentage.

(don't hold me to the above...I'm probably wrong. Way to go college education!)
post #4287 of 49347
Quote:
Originally Posted by CityHunter View Post
I think 33% off 40% = 56.5% off total.

Example:
Regular price $100
40% off = $60
Extra 33% off = $40.20

A trick I do is take half the new markdown and add it to the old markdown to come up with a final percentage.

(don't hold me to the above...I'm probably wrong. Way to go college education!)

um.. you did the math right, and it indicates 60% off, not 56.5%

60 % off $100 = $40
post #4288 of 49347
Awesome.
post #4289 of 49347
Not everything was sale at 40 % off, some of them were less than 40 at COOP.
post #4290 of 49347
Quote:
Originally Posted by ppllzz View Post
um.. you did the math right, and it indicates 60% off, not 56.5%

60 % off $100 = $40

if he did 1/3 it would have worked, but rounding to 33% is where the error was
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