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This was a nice 20,000 sq ft well established ACE store. Sales had been declining for some time and the owner had been trying to sell it for 6 or… Read More
A year later the owner decided to liquidate his second store and use Wingate again. He knew Wingate would get the best return possible. Starting in… Read More
This was a difficult situation as the lease had expired and we only had 3½ weeks to liquidate the inventory. Starting inventory ran almost $270,… Read More
This was a very nice store carrying top of the line merchandise. Starting inventory was $225,000 and another $3,500 was purchased (should have been… Read More
This was an outstanding sale. The store was located in a ski resort community. The owner did everything right. He held the sale during the sk… Read More
In April, we completed a Retirement/Quitting Business Sale for the owner of three Gold Crown Hallmark Stores. The sale opened on a cold, windy, sno… Read More
The store was not making enough to cover loans. After the sale started the owner was only in the store one week before taking a vacation and when… Read More
We are facing highly unusual times. Stores in many states, cities and counties have been forced to close, and the consumer has been encouraged to stay at home and only shop for necessary items. It now appears that things are beginning to break open, the consumer is starting to get out and retailers are going to have to aggressively go after every dollar they can get to cover lost sales.
The retail industry has lost their good spring selling season. Retailers are stuck with two seasons of merchandise. Now they must reopen with a strong sale and heavy advertising to generate customer traffic and raise a huge amount of cash. Out of season and over stocks need to be converted to cash while in season merchandise needs to be sold to make as much profit as possible. AND IT NEEDS TO BE DONE AS SOON AS POSSIBLE!