The starting inventory was $190,000 and the opening day of our pre-showing sales ran well over $60,000. The owner immediately brought in another $10,000 in inventory and should have brought in a lot more. Media advertising expense was held to 1.2%. Reported sales exceeded $325,000!
A medical clothing & equipment store’s starting inventory was $112,000. The first day of our pre-showing sales ran over $13,000. Reported gross sales ran over $132,000. Plus, we sold the fixtures for almost $6,000. Media advertising expense ran .03%.
Greeting card store starting inventory was a little over $113,000 at cost. Reported sales ran well over $140,000 for a 131% return. Media advertising expense ran 2.7%. Had the owner followed the Consultant’s suggested timing of discounts gross sales would have been another $10,000 to $15,000. At the completion of the sale the owner realized … Continued
We just completed a Store Closing Sale for a $2,600,000 cost discount store. The opening day of our Pre-showing sales were $95,000 more than the stores biggest day ever! The sale started so well the owner purchased another $600,000 in wanted merchandise. “Two weeks ago when we hit a 100% return on inventory I told … Continued
Starting inventory was $150,000. Opening day of the pre-showing sales ran over $20,000. The owner immediately purchased another $5,000 in profitable fast turning merchandise and should have purchased a lot more as reported gross sales exceeded $215,000. Our Consultant held media advertising expenses to 1.76%.
This sale started with $125,000 cost inventory. The opening day of our pre-showing sales ran well over $60,000. The owner purchased another $10,000 in inventory. A lot more should have been purchased as reported sales ran over $162,000 in three weeks. Fixtures sold for another $5,000. Media advertising expenses were held to $4,900. This was … Continued
We are nearing the end of our retirement/store closing sale and I am pleased to report that it has proceeded with success beyond my expectations. I was skeptical of the results that could be achieved in our market. Everything I was told would happen with your system has been accurate. The parking lot was indeed … Continued
Going out of business is a major decision and one that was agonized over for a year. We know people who had used Wingate and spent hours asking questions. Over and over they said, “Listen to them and let them do it.” Hard to do, especially when you have so much invested, both emotionally and … Continued
In my estimation this has been a once in a lifetime experience. I saw the true feelings of my customers of which most have been positive. Gene Koch, consultant of Wingate, has been an untiring individual from beginning to end. He was not afraid of stepping in when we were overwhelmed with customers. Gene came … Continued
Suburban Hardware has been in business for 70 years. After 50 years in the business I made a difficult decision to close the store. l decided the best way to get the most return on my inventory was to hire a liquidation firm to manage the closing sale. After interviewing several, I decided to go … Continued