Case Study: Gross Sales Ran 143% of cost
We recently helped a nine store outdoor gear and apparel chain close one of their stores. It was located in a large metropolitan area and had a starting inventory of $320,000. A 10,000 piece pre-showing was used to start the sale. First days sales ran just a few dollars short of $80,000. Management then decided to bring in an additional $95,000 of good, wanted merchandise. In the end, gross sales ran 143% of inventory cost. The high return was due to management’s cooperation in following our sale plan, a good clean inventory and Wingate’s expert knowledge of Store Closing Sales.