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 …
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 »
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 …
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 …
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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 …
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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 …
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 …
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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 …