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This was a very nice store with a large gift department. Starting inventory was $250,000 and no additional merchandise was purchased for the sale. The first day or our Pre-Showing sales ran well over $47,000! Reported sales ran over $354,000, plus we sold the fixtures for over $5,000. Our Fun Game generated more and more customer traffic stimulating additional sales as the sale progressed helping us hold media advertising expense to .005%!
NOTE: Every year we help a number of Hallmark store owners close profitably. It may be because the lease has expired and can’t be renewed, the owner wants to retire, the store has become unprofitable or for health reasons. Whatever the reason, if you want to close a store we can help you get the best possible return and we’ll do it ethically and in good taste. We know what to do, how to do it and when to do it. You can rely on us.
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!