I think you will find that many shops are actually taking a loss on what they are selling at 50% off - especially in the musical instrument industry. (I know what the markups are on these products - so I can be pretty sure)
They are just trying to liquidate stock into cash because they still need to pay wages and rent etc and are hoping to still be around long enough to see through to the other side of this recession. I fear that many won't be.
But maybe it starts to reveal the wholesale price for some goods in the big stores.
Landlords are not giving discounts on rent I must add- mine certainly isn't!
yeah, i'm aware of that. i'm just saying that a lot of shops didn't have a problem with charging what they could get away with when things were good.
certainly house prices are plumetting (that's not landlords, of course, but you know what i mean), and the developers were just making up a number and doubling it for quite a long while there.
