Home Depot

Money Monday: Final Markdown

How many times have you bought something on sale only to find it marked down a week later?

Wouldn't it be great to know whether the item is on final mark down or whether it will be discounted further? One shopping blogger says it's all about the price tag.

"Retailers have these kind of internal pricing systems in place, typically for people that are stocking the shelves to know where to put clearance inventory," Rather-be-shopping.com's Kyle James said. "About 10 stores have these internal pricing systems."

So all you have to do is look at the price tag. For example, at Target, James said look at the clearance price in the upper right hand corner. You'll see tiny numbers.. 15, 30, 50, 70 or 90. That's how much an item is marked down.

Every 10-14 days, Target will do markdowns. So you can have more information on whether to buy now or if there are lots of that clearance item maybe wait a week or two and save some cash.

Target is not the only store that does this. Each store varies on how they do it. For some stores, it's all about the cents.

"Just by looking at the cents, you can figure out if it's a full-price markdown price, might it get it even cheaper and many cases," James said "So it's just a handy little trick for shoppers."

At Home Depot, if the price ends in a six and it's on a yellow price tag, that means it's six weeks until the product will be marked down again. Also on the tag, you can see the date when it's been marked down, so you know how long you have to go. If a price tag ends in three, that means it's three weeks until it's out of the store and probably is your best deal.

At Sam's Club, if a price ends in one, it's a sale price and on clearance.

James listed several other examples at his website. He also recommended always looking for a store coupon before you buy to maximize your savings.

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