Web produced by Sedera Ranaivoarinosy, Eyewitness NewsNEW YORK (WABC) -- As people continue to make holiday purchases, everyone wants a good deal. But of all the drastic price reductions we are being bombarded with everywhere we go, many are fake.
Retailers are desperate to get us to spend this holiday season, but the savvy shopper needs to beware, so here are the top five fake holiday deals that aren't steals from Dan de Grandpre of http://www.DealNews.com.
#5. The Bogus "Buy One, Get One Free" deal "One of the worst things about 'buy one get one free' is, do you actually need two of any of those things? Lots of times you don't." de Grandpre says. "It's not like basic tees or tops or jeans. Lots of times, you're getting hoodwinked, if you will, into buying something you might not want."
#4. "Disappearing Carrots" This is when a store lures you in with a deal that will push you to buy other items at full price. Best Buy pulled shoppers in with a 42 inch Sharp TV for just $199.
"They use these as carrots to bring people into the store," de Grandpre explains. "They know they're going to lose money on that particular item, they limit the number of that item they have per store as well; Best Buy limited it to 10. They use that to get people into the store and they hope that they buy batteries, or that they buy a Blu-ray player or movies, something else where their profit margin is much more significant."
#3. Make And Model Mismatch This is when stores offer to match a competitor's sales price. The problem is, stores often don't sell the exact same make and models so you don't get the deal.
#2. Sky High Mark-Ups This consists of retailers marking up prices simply so they can mark them down. It makes you believe you're getting a good deal when you're not.
#1. The Never-Ending Sale Almost every retailer is guilty of this last one when they advertize price reductions virtually 365 days a year. It's up to you to sort it out.
"Retailers that are the most guilty of that tend to be clothing retailers because they can have everything they on sale all the time and they can change the discount," de Grandpre says. "Maybe it's 30 percent this week and maybe it's 50 percent next week& Kohl's does that a lot."
To avoid those traps, the best advice is to compare prices before you whip out your credit card.
If you're too busy to do the research, here are a number of websites that do it for you: - Price Grabber: http://www.PriceGrabber.com - Shop Savvy: http://www.ShopSavvy.com - Deal News: http://www.DealNews.com
(Copyright ©2011 WABC-TV/DT. All Rights Reserved.)Get more Consumer News »
holiday shopping, saving money, consumer news
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