Emotions can be an important factor for the Success of a Store Closing Sale? Many independent retail business owners who are considering closing their store don’t stop to consider one of the most important factors when going through a going out of business sale. The emotional journey they are about to take. The level of …
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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 …
What to do with inventory when closing your business and how to liquidate inventory quickly and profitably? 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 …
Selling Store Fixtures and Business Equipment for Maximum Profit during a Retail Store Going out of Business Sale See Below the video of a recent Successful Sale https://www.youtube.com/watch?v=-ZFPRJLKORM 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 …
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 mall, many of these independently owned stores are left in near vacant malls, struggling for customers. If the larger …
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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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 …
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 …
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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 …
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