Down economies reduce consumer spending, creating a bind for retailers. As excess inventory collects dust, companies have little choice but to drop prices in hopes of selling more product.
For the bargain shopper with extra cash right now, there are some terrific deals to be had out there. This 4-minute piece from NBC's The Today Show highlights a few of them.
- Wines over $25 per bottle reduced up to 50%
- High-quality diamonds reduced up to 30%
- Summer rental homes reduced up to 50%
Furniture is another discounted item.
Now, these aren't everyday-type purchases, but when the economy turns around for good, the bargain-priced items highlighted in the video are expected to return to their former price levels.
If you have the means, therefore, consider taking advantage while costs are down.