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Five Great Myths of Store Liquidation
There are numerous myths about store liquidations. The truth about store liquidation myths is that most are not true. When asked you’ll find most store owners have little or no knowledge of store liquidation. Most haven’t experienced it and if … Continue reading
EVALUATING THE STORE FOR LIQUIDATION
How do I evaluate my store for liquidation? What will I end up with once the bills are paid? Store evaluation is not exact science. There is no hard and fast formula to follow. Every store and situation is different … Continue reading
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SOME STORIES ALMOST BREAK YOUR HEART!
We get a lot of calls from storeowners inquiring about our store-closing and promotional service. Two recent calls haunt me. I can’t get them out of my mind. One was a man with four ski stores and $3,300,000 in inventory. … Continue reading
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Social Networking
Over the past few years more and more people are using social networking and e-mail to keep in touch with friends, family and personal interests. Web sites including; facebook, twitter and myspace are the most popular. Free advertizing-It costs nothing … Continue reading
A Common Sense Guide To Planning Your Sale (8 of 8)
Do beware of sales companies offering guarantees. There are NO REAL guarantees in the sales business. Sales companies offering guarantees pitch them hard and make them sound great! But, when the contract is studied and understood the guarantee is deceptive … Continue reading
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A Common Sense Guide To Planning Your Sale (7 of 8)
Don’t be rushed into an auction or self-conducted Store Closing Sale. I have never seen a good return on a retail auction. Self-conducted Store Closing Sales are highly volatile, often with disastrous results or moderate success at best. Take the … Continue reading
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A Common Sense Guide To Planning Your Sale (6 of 8)
Do choose a sales company you feel comfortable with, one that has your interest at heart. Naturally, we think that’s us! We want your business and will do everything possible to get you the best return on your investment. We’ll … Continue reading
A Common Sense Guide To Planning Your Sale (5 of 8)
Do consider timing. If your store is profitable and you have the luxury of choosing the time, you should consider your biggest volume months. If you have a lease expiring, a health problem, the store is losing money, or you … Continue reading
A Common Sense Guide To Planning Your Sale (4 of 8)
Gather the facts and make the decision as early as possible. If you’re retiring, going into another business venture or have a lease expiring, an early decision gives you the opportunity to stage your store for a more profitable sale. … Continue reading
A Common Sense Guide To Planning Your Sale (3 of 8)
If you can, build your inventory in advance with fast turning, in-season merchandise – merchandise your customers want and expect to find in your store. Restock slow turners only where you have to, and not in depth. Keep a lookout … Continue reading
