KSL INVESTIGATES

Gephardt Busts Inflation: Overstocked stores are leading to steep discounts for shoppers

Jul 19, 2022, 6:20 PM | Updated: 8:02 pm

SALT LAKE CITY — Many big retailers are dealing with excess inventory — their warehouses and stores are busting at the seams. For retail businesses, it is a situation that is costing them a boatload of money. For consumers looking to bust inflation, it is an opportunity for bargain hunting.

Back in those days of the pandemic when many of us were stuck at home, we were buying stuff like TVs, furniture, exercise equipment, athleisure clothes like there was no tomorrow. But tomorrow did finally arrive.

“So, retailers rushed out to order those items, many of which were then delayed, and now all those shipments are in and retailers are sitting on a lot of overstock merchandise,” smart shopping expert Trae Bodge explained.

Bodge said stores like Target, Walmart, Kohl’s and others now are slashing prices on thousands of those overstocked goods. We are talking 50% off, 70% off and even steeper discounts.

“Retailers who can try to break even at least, or make a little profit, are going to discount now and try to clear that merchandise out so they can bring in the new fall merchandise,” Bodge said.

Many overstocked items will also find their way direct from warehouses to the bargain racks of discount stores like TJ Maxx, Ross, and Marshalls.

As for returns, Bodge said retailers are sitting on so much inventory right now, many will just hand you your money back and let you hang onto the stuff you do not want.

“So, if you order online and it doesn’t fit, you might reach out to the retailer and they may give you the credit and tell you to keep their merchandise instead of sending it back,” she said.

But it is easy to get caught up in the frenzy of all these big deals right now, and that has Bodge worried. She cautioned you will not save anything if you wind up carrying credit card balances in your rush to score bargains.

“Be very honest with yourself about the wiggle room that you may or may not have in your budget and then shop accordingly,” she advised.

Bodge suspects it will only take a couple weeks for the overstock frenzy to balance out.

As far as back-to-school shopping goes, aside from some electronics and clothes, she said you will find better deals later this summer.

KSL 5 TV Live

KSL Investigates

Leah Moses...

Annie Knox

Utah lawmakers pass ‘Om’s Law,’ focused on child safety in custody decisions

Utah lawmakers gave final passage to bill requiring judges to consider evidence of domestic violence raised in child custody cases.

2 days ago

Matt Gephardt being shown the double payments that Terry Hutchings has been getting....

Matt Gephardt and Sloan Schrage, KSL TV

Get Gephardt helps homeowner being charged two bills for one security system

Billing for a previous home initially stopped when she sold it, but when she got a new security system from the same provider for her new place a year later it started billing for both.

3 days ago

fences and buildings with an inmate walking on a snowy sidewalk...

Daniella Rivera

New Prison, New Problems: Inside the effort to staff Utah’s new $1 billion prison facility

Utah's new prison cost taxpayers more than a $ 1 billion, yet a scathing audit shows the new facility has been unsafe and still isn't being used as intended. After being granted unprecedented access, the KSL Investigators go inside the new prison for a look at what's being done to fix its new problems.

4 days ago

Neilson-Berg explaining the hassles and trouble she has been going through to get into contact with...

Matt Gephardt

Get Gephardt helps Google Fiber customer get her internet fixed after customer service calls go nowhere

When a Salt Lake City woman's internet connection went down, and she couldn't get a straight answer as to when it would be back up, she decided to Get Gephardt.

4 days ago

dome and side of the Utah Capitol...

Daniella Rivera and Annie Knox, KSL TV

Truth Test: Fact-checking claims from lawmakers who voted to make their calendars secret

The KSL Investigators put lawmakers’ statements about a measure that would conceal their calendars through the KSL Truth Test.

4 days ago

Sean Reyes...

Keira Fairmont

Fight for Transparency: KSL’s 15-month long battle to get Sean Reyes’ calendar

Utah’s Attorney General Sean Reyes still refuses to release his professional calendar despite State Records Committee and Judge’s orders. Now Utah Lawmakers have passed a bill to seal all public officials’ calendars.

4 days ago

Sponsored Articles

Modern chandelier hanging from a white slanted ceiling with windows in the backgruond...

Lighting Design

Light Up Your Home With These Top Lighting Trends for 2024

Check out the latest lighting design trends for 2024 and tips on how you can incorporate them into your home.

Technician woman fixing hardware of desktop computer. Close up....

PC Laptops

Tips for Hassle-Free Computer Repairs

Experiencing a glitch in your computer can be frustrating, but with these tips you can have your computer repaired without the stress.

Close up of finger on keyboard button with number 11 logo...

PC Laptops

7 Reasons Why You Should Upgrade Your Laptop to Windows 11

Explore the benefits of upgrading to Windows 11 for a smoother, more secure, and feature-packed computing experience.

Stylish room interior with beautiful Christmas tree and decorative fireplace...

Lighting Design

Create a Festive Home with Our Easy-to-Follow Holiday Prep Guide

Get ready for festive celebrations! Discover expert tips to prepare your home for the holidays, creating a warm and welcoming atmosphere for unforgettable moments.

Battery low message on mobile device screen. Internet and technology concept...

PC Laptops

9 Tips to Get More Power Out of Your Laptop Battery

Get more power out of your laptop battery and help it last longer by implementing some of these tips from our guide.

Users display warnings about the use of artificial intelligence (AI), access to malicious software ...

Les Olson

How to Stay Safe from Cybersecurity Threats

Read our tips for reading for how to respond to rising cybersecurity threats in 2023 and beyond to keep yourself and your company safe.

Gephardt Busts Inflation: Overstocked stores are leading to steep discounts for shoppers