Thursday, July 26, 2007

Decoding Retailers Pricetags

Someone sent me the following information and I did a little more investigating after finding it very informative. There is no way I could commit this to memory so I may be clipping it and keeping it in my purse.

If the last numbers end in...

Target:
9: full price
8: clearance
4: final markdown. Any 4 in a price other than the first digit is the lowest markdown price and a signal to the reshopping staff to return the item to the clearance rack/shelf. The cashiers are also authorized to take 10% off opened/damaged/missing merchandise, but only if asked to do so. 75% and 90% clearance is only for seasonal items, like Christmas, school supplies/dorm furnishings after Labor Day etc.

Gap, many retailers: 7: final markdown. The Gap, Old Navy and Banana Republic all do markdowns on Wednesday AMs. You have 14 days to do price adjustments (a lot of retailers do this); just bring the receipt back within the allotted time and get the lowest current price.

Sears:
99: regular
98: no coupons or sales
88: closeout
97: clearance/discontinued
93: refurb/open-box

OfficeDepot: Prices not ending in 0,9 or 5 are final markdowns. You can tell how many markdowns are to come by reading the last two digits. .00 designates the first markdown, .01 for the second going all the way to .04 before it is placed on buyback and is not allowed for sale. This holds true to just about everything in the store.

Radio Shack: The seven at the end of Radio Shack prices doesn't indicate a final markdown, just that the item is clearanded. Prices ending in seven still drop but only after several months of collecting dust on the shelves.

Circuit City:

.98 is a downloaded price match (i.e., they see Best Buy has a lower price), which may be local to a singular store (more likely a local to a district)
.97 is an open box item
.96 is a limited stock item, either oop (out of production) or so new that supplies are not regular yet.
.95 is a clearance oop product

Abercrombie & Fitch: Anytime an item is $xx.50, it is full price, and anytime it is $xx. ANYTHING ELSE, it is on sale. 99.99%, the item on sale will end in $xx.90, but sometimes $xx.89.

Best Buy: All prices end in .99 or .49 no matter what their status is (excluding CDs/DVDs/software and the occasional odd sale item with an even dollar amount). Best Buy doesn't use price coding, but you can figure out the status of the product by taking a close look at the price tag on the shelf. The designations would appear just below the UPC and SKU numbers (where the light streak is in this photo: http://flickr.com/photos/misswallflower/246892890/ ). If there's a "C" there, the item is on clearance, and if they're out of it, they should let you buy the floor model. It there's a "+", it means they've price-matched a competitor, but it's an unadvertised change to the price (you may be getting a great deal on products like this). Finally, if there's a "M", that means that the product is planogramed for more than one location, so if its out-of-stock there, you may still find it somewhere else in the store.

Sam's Club: Any price ending in a 1, especially .81 is at its clearance price and will almost certainly not be restocked.