HD Clearance

I’ve been spending a little too much time over on another forum learning about HD clearance. I wanted to bring that knowledge over here to TIA and share the smoking deals with my TIA brothers (and sisters). In short, there is a methodology to potentially scoring big at HD. I will share the details later after I have time to do a detailed write up but I wanted to get the thread started for those that may be aware and can chime in.

Here’s some peaks at what we are finding.

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Good Idea Ricky…..I will start posting here as well with the cool kids! [emoji3]

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And of course there are the elusive “penny deals.”

77Ford wrote:

Good Idea Ricky…..I will start posting here as well with the cool kids! [emoji3]

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Some of Those guys over there are a$$ wagons. I’ve learned enough to share with TIA and not deal with that crap.

RickyMcGrath wrote:

Some of Those guys over there are a$$ wagons. I’ve learned enough to share with TIA and not deal with that crap.

I agree…that is main reason I came over to T.I.A. To get my fix…leave the drama for your momma.

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Stop this madness…lol I’m sure I will never find this stuff in my stores :/

Justin Hernandez wrote:

Stop this madness…lol I’m sure I will never find this stuff in my stores :/

It is there just not in plain sight….a little work and you can score big! [emoji2][emoji2][emoji2][emoji2][emoji2]

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Justin Hernandez wrote:

Stop this madness…lol I’m sure I will never find this stuff in my stores :/

You need a cherry popper deal. I looked for a few weeks and found nothing. Now I don’t look and find at least SOMETHING. today I was in the seasonal section and found two boxes of nails that rang up $0.01. They didn’t want to sell them to me so they let me have them…. FOR FREE.

One day I will trip over a tough box that costs a penny and buy it 🙂 You’re the man Ricky I’m going to start calling you Penny Ricky

Great stuff Ricky and Thanks for sharing this with us bro!

Cannot wait for the full write up. I have followed all of the deals you posted so far. Teach me! This is like the time I got addicted to penny stocks haha

Last time I was on the computer searching for deals, one of the employees was just watching over my shoulder the whole time. I didn’t realize until I was done..

He started asking questions like, “are you a vendor?” And “how do you know how to do that?”

It was a little awkward for sure! I wish there was a way to search store specifics over wifi on my phone.

I need to know how to get those deals

The holy-cow deals are hard to find for casual shoppers.  There are people out there that turn a good profit running down deeply discounted items and selling them online or craigslist.  There have been situations where people have carts full of penny deals which to me suggests there is either a shady customer hiding product in the store until the price drops or a coordinated effort between an employee and the customer.  

 

Either way, it isn’t easy.  Good luck.

It’s A LOT of work. If you put it into a time/savings ratio, it’s better for some to pay retail prices or buy online. Years ago, I started to put a value on my time and I am up to $65 an hour for personal time since I got married and have two small children. So if I am not making or saving at least that, it’s not worth it to me.

Shuutr wrote:

The holy-cow deals are hard to find for casual shoppers.  There are people out there that turn a good profit running down deeply discounted items and selling them online or craigslist.  There have been situations where people have carts full of penny deals which to me suggests there is either a shady customer hiding product in the store until the price drops or a coordinated effort between an employee and the customer.  

 

Either way, it isn’t easy.  Good luck.

I agree it’s a lot of work. Here in NC the stores are usually picked clean. I have found a few good deals but it takes 2-3hours of looking around the store. You also have to go 3-4 times a week if you want to find the good mark downs.

RickyMcGrath wrote:

It’s A LOT of work. If you put it into a time/savings ratio, it’s better for some to pay retail prices or buy online. Years ago, I started to put a value on my time and I am up to $65 an hour for personal time since I got married and have two small children. So if I am not making or saving at least that, it’s not worth it to me.

That’s a good point.

Yea, the deals are hard to find most of the time now with the deal sites and resellers, but you do find the occasional unicorn. All I do now is if I go to HD I will give the computers a quick check. it takes only a few minutes .

The people that are really into deal shopping have to be retired because they treat it like a full time job. HD seems to have the better deals compared to lowes though. Lowes had had crap this year so far.

I want to know the secrets of the HD deals, there are a few deals I’d jump on myself.

The secret is to go there every day and check. Mark downs happen on random days.

TheDon81 wrote:

I want to know the secrets of the HD deals, there are a few deals I’d jump on myself.

From what I gather, prices ending in .06 are the first level of clearance pricing at HD. The price remains at that level for a period of time (some say 6 weeks, but I have seen indications to the contrary) And then it drops to a lower “final clearance” price ending in .03. After the final clearance, the price drops to a penny at which time it is supposed to be pulled from the shelves. Items don’t always get pulled, which is why people get penny items.

I have never scored a penny item, but I did get a sweet Makita X2 circular saw for $58.03 that was originally $229.00.

I should also note that this tends to be the pricing scheme for larger items. I have seen decently discounted items ending in .04, but I’m not sure where they fit in the whole .06, .03 pricing.

Illini wrote:

From what I gather, prices ending in .06 are the first level of clearance pricing at HD. The price remains at that level for a period of time (some say 6 weeks, but I have seen indications to the contrary) And then it drops to a lower “final clearance” price ending in .03. After the final clearance, the price drops to a penny at which time it is supposed to be pulled from the shelves. Items don’t always get pulled, which is why people get penny items.

I have never scored a penny item, but I did get a sweet Makita X2 circular saw for $58.03 that was originally $229.00.

Is that strictly for their tool inventory or is that storewide?

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Found on a shelf.

kruton wrote:

Is that strictly for their tool inventory or is that storewide?

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. I can’t say for sure that it is store wide, but I have seen the pricing scheme on many items besides tools.

kruton wrote:

Is that strictly for their tool inventory or is that storewide?

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It’s store wide.

So I gather you’re able to use the store computer to search the inventory for items with certain prices? Or items in clearance? If so how do I use?

Have to factor in the fact that you time is worth money. If it takes going three of four times a week for a couple of hours then is it really worth it? Only you can decide that one.

RickyMcGrath wrote:

Found on a shelf.

Looks like you’re running out of pennies  😀

thanks for the tips on the ending pennies.

 

I’ve seen reference to the computer in the store before. 

 

Where on the stores computer do you look for the “deals”

 

John

I think penny deals show up as inactive not under clearance. It’s hit or miss if the store will sell you the penny item or just give it you you for free. From what I have read getting caught selling penny items looks bad for the store as it shows bad inventory control.

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All the Red will be dropping as Milwaukee brings out there new line so keep your eyes pealed.

I heard from a source HD will be going more Yellow come next summer[emoji1]

77Ford wrote:

I heard from a source HD will be going more Yellow come next summer[emoji1]

I heard that HD will be transitioning from DeWalt and that DeWalt will begin to fill the shelves at Lowes but then a Lowes manager told me he knows nothing about that.

I also heard HD will be drastically reducing top stock to follow more of a Walmart feel. And then I found this in a store.

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77Ford wrote:

All the Red will be dropping as Milwaukee brings out there new line so keep your eyes pealed.

I heard from a source HD will be going more Yellow come next summer[emoji1]

 

 

That seems hard to believe.  But anything is possible…

HD is making room for real tools 🙂

I’ve been hanging out at the local home depots looking for the bottom section of the Milwaukee tool chest. I see that 77Ford found one that is cheaper than the deal earlier this year.

 

The stores in my area have a clearance section where they put things they are getting rid of. I haven’t seen much on the shelfs.

 

I did notice that the stores here just went through their yearly inventory. I wonder if the deals would have been better just before the count. I didn’t get in and look around before they inventoried.

 

Now I’m on the lookout for DeWalt toughbox’s on clearance.

RickyMcGrath wrote:

I heard that HD will be transitioning from DeWalt and that DeWalt will begin to fill the shelves at Lowes but then a Lowes manager told me he knows nothing about that.

I would be surprised if Dewalt went with one big box store. They fact that you could get their tools everywhere was huge selling point. Who knows though the tool industry is full of crazyness. I will say Lowes lacks in tool brands compared to HD.

Jasonc wrote:

I will say Lowes lacks in tool brands compared to HD.

Hitachi

Porter Cable

dewalt

Bosch

B&D

Vs

Milwaukee

Dewalt

Ridgid

Makita

Advantage Home Depot

Shuutr wrote:

Hitachi

Porter Cable

dewalt

Bosch

B&D

Vs

Milwaukee

Dewalt

Ridgid

Makita

Advantage Home Depot

Our HD carries some Bosch too.

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kruton wrote:

Our HD carries some Bosch too.

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The Home Depots in my area have Bosch laser levels and such but the cordless drills, drivers, etc have been phased out.

Shuutr wrote:

The Home Depots in my area have Bosch laser levels and such but the cordless drills, drivers, etc have been phased out.

That sucks. They are space here.

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HD & Lowes are the decision makers. They decide who and what they carry. Bottom line is that is books down to profit. Take Kohler products for instance, Kohler makes one toilet and gives it three different model number. One to ship to the wholesale places like Ferguson and Moore Supply, one to Lowes and one to Home Depot. All to avoid price match because the model number is K-1234-0 vs K-1235-0 vs K-1236-0

HD carries A LOT more DeWalt products like hand tools and tape measures, so Lowes chooses not to because there is more profit on their Kobalt ones and they don’t have to worry about price matching.

Shuutr wrote:

The Home Depots in my area have Bosch laser levels and such but the cordless drills, drivers, etc have been phased out.

 

great point. i do see the bosch name and logo around HD, but i don’t recall seeing actual power tools lately…

 

even still, HD has a clear advantage in tool selection over lowe’s, from hand tools to power tools. if you removed the kobalt tools, the area dedicated to tools at my area stores would be drastically reduced. i don’t think the same could be said for husky at HD.

Some may say going to HD multiple times a week isn’t worth the deal. . But let’s be honest, who here doesn’t enjoy wandering around Home depot aimlessly? With or without finding good deals. I haven’t seen any of these penny deals, I would be really interested in learning how to find them using hd computers. I am looking forward to that writeup.

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I have 5 HD that are with in 5 to 20 minuets from my home. I have found some sweet deals but nothing under a couple of bucks.

This is a bad picture I know, my HD has the display model premium brushless 20v kit for a super awesome deal of only $276. This kit includes a charger, one 2.0ah battery that’s right one battery, DCD995 hammer drill and last but not least DCF885 brushed impact driver. The heck is HD smoking?? I asked about it and they said that’s the price I offered 50 bucks and got laughed at. Went back a few days later and the one battery is missing guess it got stolen, should have took my offer oh well..lol