Deleted
Posts: 0
Mar 29, 2024 15:53:44 GMT
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Post by Deleted on Jan 25, 2020 15:28:11 GMT
When my kids were younger, I did most of my shopping at Kohl's. I gave them years of business. But it's probably been at least 7 yrs since I've regularly shopped there. (in fact it was so long I got a letter in the mail that they were going to close my Kohl's credit card if I didn't use it and gave me some Kohl's cash and coupon to use) It was near Christmas time, I had stuff to buy, I found a few things there to use coupon/Kohl's cash on, BUT mostly I didn't want to lose the longevity of that account on my credit score.
I hate the game though. I don't like shopping like that. It's not necessarily that it's too much work/effort. It's that I just don't trust a store that can vary so widely and so often in their pricing.
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Post by candleangie on Jan 25, 2020 18:20:29 GMT
So, “retail price” is a bullshit term. Unless a manufacturer has map pricing (they dictate the price and don’t allow discounts on their products) the retail price is whatever the store says it is.
Most stores operate around a 43% margin. Price checking Kohl’s vs other comparable type companies leads me to believe that their retail margin at regular price is, at my most conservative estimate, set around 60%. So they keep 60% of what you pay on that item.
So, item is $50 at cost. At most stores: retail is around 97 At kohl’s: retail around 110 (sound about right?
So, 20% off sale at most stores: $77 At kohl’s: $88
Their 20% off sale is only really saving you about $9 from a normal, regular retail price.
Stores do this to “protect the margin” on items that could end up too close to cost with all of their promos. Instead of setting reasonable prices and taking reasonable discounts, they set crazy prices so they can set crazy discounts, and the public falls for it.
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Post by littlemama on Jan 25, 2020 19:40:43 GMT
I did pick up a husband from there, I think this needs an explanation! Lol, we worked together, became friends after about 3 months, then started dating and the rest is history! 28 years since we started dating
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Post by crazy4scraps on Jan 25, 2020 22:27:03 GMT
So, “retail price” is a bullshit term. Unless a manufacturer has map pricing (they dictate the price and don’t allow discounts on their products) the retail price is whatever the store says it is. Most stores operate around a 43% margin. Price checking Kohl’s vs other comparable type companies leads me to believe that their retail margin at regular price is, at my most conservative estimate, set around 60%. So they keep 60% of what you pay on that item. So, item is $50 at cost. At most stores: retail is around 97 At kohl’s: retail around 110 (sound about right? So, 20% off sale at most stores: $77 At kohl’s: $88 Their 20% off sale is only really saving you about $9 from a normal, regular retail price. Stores do this to “protect the margin” on items that could end up too close to cost with all of their promos. Instead of setting reasonable prices and taking reasonable discounts, they set crazy prices so they can set crazy discounts, and the public falls for it. I agree that their “retail price” is over the top. But it’s not really “falling for it” if you stack up the discounts they typically have and utilize them. I usually won’t buy anything from there that is regular price minus only their standard 15-30% off. Like others have said, I wait for a 30% (which I typically get about every other month). Then I go there with just a basic guideline of what I’m looking to find, and hit up the end of season clearance racks where stuff is already marked way down. You still get the extra whatever percent off of the clearance price, plus more often than not I’ll have some Kohl’s Cash and Yes to You rewards too, and usually I’ll earn some on that purchase to use next time. Once the rewards are activated, I go back and hit up those clearance racks again and find just enough stuff to get whatever I’m getting for free without paying more than a dollar or two extra. Depending on what I want or need, sometimes I’ll shop online instead if I think my total will be high enough for free shipping because they sometimes have a better selection of colors or sizes online. I pretty regularly get my kid short sleeve shirts for under $3, long sleeve shirts for about $4, leggings for about $5, hoodies and long pants for under $10. I just bought three zip front hoodies for myself for $8 each at Christmas. I don’t see any of that as being unreasonable considering that’s about what I would pay (or more) for the same decent quality of items at next to new on consignment. I can’t even sew it myself at those prices. Yes you have to work it and pay attention so you don’t lose out on using the free money they give you and make sure to pay the bill on time so you don’t get dinged with late fees, but I find it to be a small price to pay to get stuff as cheaply as I have. And as others have also mentioned, you have to be aware of what other stores are charging for stuff to know if the price is actually a good deal or not.
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julie5
Pearl Clutcher
Posts: 3,611
Jul 11, 2018 15:20:45 GMT
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Post by julie5 on Jan 25, 2020 22:52:17 GMT
I have a kohl’s charge and take advantage of the discount for cardholders combined with kohl’s cash and good sales. You definitely have to work the system there to get good buys.
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Post by swtpeasmom on Jan 25, 2020 23:13:37 GMT
I absolutely hate shopping at Kohl's due to the "sale game" you have to play. I agree. I just don't have time for those games.
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