70% off from now till end of year

I talked to the owner of Cornerstone Antiques today. She'd heard that we were going to cut some items even below 50%. I said "maybe after Christmas", but she said she had no idea how sales would be then, since she'd not had the store then last year.

So, we decided to go ahead and put everything except furniture at 70% off sticker. Hopefully, that will move some stuff that's just sitting there at 50% off.

Then I counted it up and realized it's only 7 more days that we'll be there - minus 2 Sundays, Christmas day and probably an early close Christmas Eve.

So - 70% off will mean people will be paying less than we did for some things. Well, it's all about cash flow at this point!

I just sounded like the nightly news.

Our 1/2 Off Sale

We started our half-off sale last week at Cornerstone Antiques.

The results for that week were pretty darn good - we sold a lot of things that we'd bought in 2006 and didn't think would ever sell. Not that there's anything wrong with them. But people are definitely looking for a bargain.

When I entered the sales in the database yesterday, I noticed that we didn't "lose" on anything. Maybe the loss was the 10%, but overall not much of a loss - more like a net gain on the items sold compared to their purchase price.

So, this is a good thing, I guess. I don't think I'll miss the store at all. It has increasingly been harder to find the cheap items to resell.

Auctions this year fetched more than ever. I think people are out there looking for bargains and going to auctions is one way to find them. It's good for the auctioneer to have a lot of folks there, but bad for the business person looking to stock a store.