As Recession Continues Deals Pop Up

Anyone in their right mind can tell you that right now this country, along with the rest of the world, is going through a damaging recession period. People are loosing their jobs (or in my case having trouble finding a first job), and home foreclosures are as high as I have ever seen them. With all of these problems does come some good news and that is the fact that prices in stores are finally catching up with the lack in consumer spending power and lowering their prices.
Today I really saw this first hand. Take Old Navy for example, the already affordable prices have reached a new level where this past Friday through Monday there is an additional 50% off sale where customers can take 50% off of the previously reduced clearance prices. Being an employee of Old Navy has some benefits as well where I can take my employee discount and receive 20% off any item, totaling 70% off every clearance item in the store.
The merchandise that I am getting 70% off of is not even damaged, it is just the clothes that have been in the store for a longer period of time and the company is looking to clear out to make room for new inventory. In some cases I like the clearance items even better than some of the newer styles that are coming into the store.
The deals did not end there today as my friend and I went into another store to find him a new pair of shoes. You can notice when you walked in the door that there were sale signs on every piece of clothing on the floor. When he found a pair of shoes they were originally marked as sixty dollars for half off we thought we had found another good deal. At the register the cashier gave my friend an extra 25% off coupon. He also filled out a best of discount card to bring his total for a new pair of shoes down to only 20 dollars.
It may have taken a while for the stores to drop their prices enough so that those prices would be equal to the decrease of money that people have to spend, but they are getting close. Hopefully this will cause people to make some purchases to spur the staggering economy.