Retail businesses are feeling the weight of surging prices, a supply chain crisis Supply Chain Crisis now… things are, well…different! From supply chain issues and businesses not being able to get inventory to sell, some successful retailers even closing, to ecommerce taking a HUGE leap in sales because people got so used to buying online… …
Emotions can be an important factor for the success of a store closing sale This happy atmosphere equates to dollars because research shows whether it’s a going out of business sale or not, customers want an enjoyable experience when they shop. MY… Of course when an independent business owner starts the business everything is on …
Why to avoid the Emotional Traps of a Store Closing Sale? Read More »
Understanding the Retail Industry Life Cycle and Quitting Business Strategically Retail Life Cycle In fact, if facilitated correctly, it can actually be more profitable than selling as an ongoing business, but also more rewarding. All businesses – for a variety of reasons – will eventually come to the end of their retail life cycle. The …
the Perfect Exit Strategy for Closing or Selling a Failing Retail Business Business Exit Strategy I’ve had many potential clients schedule a free, private consultation to discuss their failing business’s exit strategy with me. And it never ceases to amaze me the volume of people that are kicking the tires of a full blown liquidation …
Is a Retail Liquidation Sale on your mind? How to run an Inventory Liquidation Sale? Over the past 20+ years of being the go to guy for independent retail store liquidation I’ve seen and heard it all. One of the most frequent questions I always get asked is why do some retailers choose to hire …
With the changed retail environment an exit strategy is a must for every store business The effect of the newest challenge for the retail environment was the pandemic and it has been devastating for many businesses – especially for independent retailers. Most of these retailers considered “non essential” and depending on the state where they …
Exit Strategy is a Must for Every Store Business Read More »
Furniture stores going out of business and closing – why are independent furniture retailers witnessing disturbing trends? Analysts tout one of the reasons furniture rental options and mass produced furniture outlets are increasing is the new generation of consumers high desire to move, then was seen in the past. With the explosion of online and …
The sales trends in furniture retail are worrisome Read More »
What to tell employees and how to keep your staff in place when closing a business? What to say when Closing a Store? When a retailer embarks on a wall-to-wall business closing sale one of the main concerns he or she has is this. How to keep the staff in place throughout the duration of …
What to tell employees when closing a business and how? Read More »
Selling Store Fixtures and Business Equipment for Maximum Profit during a Retail Store Going out of Business Sale When a retailer decides that the store is closing, one of the first and biggest concerns that he or she has after selling the merchandise is selling the used fixtures and equipment. How to get rid of …
Independent store owners need to know about retail and digital disruption As an expert in store liquidation sales that helps independent retailers form and execute the exit plan of their business, I know this lesson well. Take my client Marie, a sweet lady with a small natural foods store, realized that she was not prepared …
Retail and Shopping Malls are dying, is this the Future for Independent Retailers? Why are Malls Dying and Closing? “I am in a mall that is dying. For the last couple of years my sales have been ok but it’s time to move on.” That was the first thing that my client Mark, a store …
Why you need a Retail Liquidation Consultant to Close your Store? Retail Store Liquidation Consulting Service As a leading Liquidation Consultant, I’m always monitoring the retail climate, with an eye for the independent retailer and how it impacts them. My retail business consulting has been accordingly evolving over the years. Customers are finding the …
How to Hire the right Retail Liquidation Consultant? Read More »
How a Business Liquidation Company helps you Most Effectively Close with Maximum Profits? It’s probably a fair assumption that since your reading this article, one or more of the following is applicable to you, a small retail business owner. You’re broke. You’re on the way to being broke. Need more cash flow. Your business is …
Own a Retail Store and Are Now thinking of Retiring? Here’s what you should know Yes, even the information of “authority” websites that would lead you to believe you could trust them are wrong. So if you plan to close your business when you retire, some of these “authority” websites have some of the worst …
What retail store owners need to know and plan for now? The business owners that are really feeling what many are terming the “Apparel Extinction” are the independent store owners. With the demise of the shopping malls, many of these independently owned stores are left in near vacant malls, struggling for customers. If the larger …
Things to know if you are thinking about closing your business running into debts? Just one more season may not help. The biggest lie that many independent retailers tell themselves is this: “I’m going through just one more season and I know I can turn things around”. I am here to tell you – in …
Thinking of Getting Out of Retail, Hire a Competent Store Liquidator Most retailers are good at what they do, or they wouldn’t be in business. They know how to run their businesses, and they know how to hold sales and other promotions, since they do it all the time. Because of that, they often think …
How to effectively use Facebook Marketing and Social Media for a Business Closing Liquidation Sale? The idea of a business closing isn’t the same as what it used to be, when times were simpler. This is especially true from the standpoint of facilitation. In past years, when a store was going out of business, signs …
How to use Facebook Marketing for a Store Closing Sale? Read More »
How to ensure that your Business Liquidation Sale gets the right launch? https://www.youtube.com/watch?v=MLwf0vWycjk When I got started in this business it was because I watched my dad practically lose his shirt when he finally saw the writing on the wall. He knew it was time to liquidate, close up and move on to the next …
The Right Launch of a Business Closing Sale is Critical Read More »
Independent retailers: Why going out of business can be more profitable than staying in business or selling it? Going Out of Business does not mean the loss of everything There is finally some good news for independent retailers and that is, going out of business does not have to mean the loss of everything. It …
How Going Out of Business can be more Profitable? Read More »
How a Top Ranked Business Consultant can prepare you for your final closing out sale? What does a Final Liquidation Sale mean? Whether to sell or liquidate – when a merchant is preparing for a high returns store closing sale, he or she must ensure that specific plans are already in place before the actual …
Preparations for a High Impact Going Out of Business Sale Read More »
Why mom and pop independent retailing in the brick and mortar environment is gradually changing? Is your brick and mortar store going out of business? People used to talk of going down to the “Five and Dime,” but that term isn’t really used anymore. Today’s younger generation would likely have never even heard the term …
The Power Retailers Impact Showing on Independent Stores Read More »
Thinking of putting an Inventory Liquidation System in place? There are a Multitude of Factors and Inventory Strategies that have to be considered for an Inventory Liquidation System. These include everything from wondering how much merchandise you will need to stock your store with before you begin the sale. To determining whether you should hire …
What does a high impact store close out sale mean? Understanding a Closing Down Sale A business liquidation sale is unlike any other sale that an independent retailer will conduct. When it’s done, it’s done. Because of that, it has to be done with precision to be a success, especially if the retailer is seeking to …
The struggles Independent store owners are facing in the new normal The gulf between the businesses showing a profit and those losing money daily is expected to widen dramatically. Companies like Target, Walmart, Lowes and Dollar General that most times are in direct competition with Independent stores have been posting great profits and will be …
Independent Hardware Stores Closing due to massive dip in sales One of the biggest giants in the hardware store space Ace, is making sweeping changes that will impact every independent hardware store across the nation. “We’re shifting our strategy to meet customer demand.” These customers are demanding innovation and lots of “hands on” treatment from …
Is your Business Going Under or Failing? Strengthening online presence is critical Business going under or failing – it’s not only because of things like a bad location. It is also mostly due to changed retail environment. It’s definitely easier WITH a great location with high organic traffic, but not the reason most retailers fail. …
Improving Online presence is Critical if your Business is Failing Read More »
Why & Who to Hire as your Store Closing Consultant? Store Closing Services A professionally conducted high impact sale event has proven to be the most effective exit strategy to convert inventory and assets to cash. The problem with this method is finding a company that is able to pull it off successfully. I’m proud …
Customer Returns to become an even Bigger Battle for Independent Retailers Customer returns got easier online too Thinking of running a business liquidation sale? Learn more Over almost 20 years consulting for independent retailers, I have heard most call customer returns “the nightmare that never ends”. According to Amazon’s latest announcements there is a new …
Customer returns and independent retail store owners Read More »
Unprecedented stores closing in the US, digital disruption erupts in the retail industry Retail Store Closing Independent retail store owners had better be paying attention. Looking at the trends, analysts agree that 75K stores could shutter by 2026. Those are incredibly sobering numbers for retailers that have failed to see the clear trends in the …
Retail Stores Closing in the us, a Quick Insight Read More »
Deciding to close your store? You shouldn’t do it on your own So if you are a Retail business owner deciding to retire, keep this is mind You shouldn’t close your retail business on your own and you shouldn’t “price shop”. Why? Two reasons. First is like no other sale you have ever had. You …
Top 5 mistakes to avoid when closing your store Close store 8:04 mins One thing I’ve learned from almost 20 years of helping independent retailers effectively and profitably liquidate and convert inventory to cash is this: How it could have been avoided in the first place. Knowing all the intricate details of a liquidation sale …
Independent retailers must know about the retail apocalypse Retail store bankruptcies The retail industry and media as a whole seems to be buzzing about “The Retail Apocalypse” and how it’s impacting the big box stores and large retail chains. But little has been written about how it has affected – and will continue to affect …
Is Retail Apocalypse leading to Store Bankruptcies? Read More »