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 …
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 »
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 …
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 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 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 …
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 »
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 »