The Truth About Off-Price Retailers

The Truth About Off-Price Retailers
Have you ever been to off-price retailers, like T.J. Maxx or Marshalls, and wondered why you're getting such a good deal on brand name clothes and other items? Here's an inside look at how off-price stores cut down their prices without compromising quality.

Let's start with clothes. A lot of people think the great deals you see are because the outfits are defective or irregular, but that's a myth. While regular department stores can return the clothes they don't sell to the manufacturer, off-price retailers don't have that luxury. They ultimately have to unload their inventory, which gives them more incentive to lower their prices. That means more savings for you in the end.

As for food products, one major misconception is that they're old and past their due date. That's not true, either. It's actually illegal to sell expired food, so what you see on their shelves is safe to eat. When you see a deal, take advantage of it.

However, when it comes to beauty products, it's a little harder to tell what you're getting for your money. Since these items are pretty popular, be sure to check the box for wear and tear. This could mean that what's inside is damaged, or has already been opened up and used.

Also, some types of beauty products aren't required to have an expiration date stamped on them. Search CheckCosmetic.net to see if it's safe to buy. Just check the batch number, which is usually on the bottom of the container, and this site will tell you if that marked-down lipstick or eye shadow is past its prime.

The next time you're at an off-price retailer, keep these tips in mind to help you get a good deal. You'll see that you don't have to shop at high-end stores to get high-quality merchandise.

4 PHOTOS
Best Days to Snag New Markdowns at 7 Big Retailers
See Gallery
The Truth About Off-Price Retailers -- Savings Experiment
Sunday is the first day or markdowns, James said, but coming to the store on a Monday you'll typically find a less crowded a store and will see the latest markdowns. And, he said, don't forget the 40 percent off one item coupons Jo-Ann always puts out.
The second and fourth Saturday of every month are the two days of the month when Kohl's (KSS) has the biggest markdowns.
HIDE CAPTION
SHOW CAPTION
of
SEE ALL
BACK TO SLIDE
Read Full Story

Can't get enough personal finance tips?

Sign up for Finance Report by AOL and get everything from consumer news to money tricks delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.