Is COVID-19 Affecting Your Business? LEARN MORE
This was a small shoe store. The owner and his wife wanted to cut back and semi-retire. They kept two lines of shoes and had us liquidate everything else. The total cost of goods to be liquidated was $60,000. The first day of our Pre-Showing sales reached $21,900! Reported sales on the merchandise to be liquidated exceeded $82,000. We also sold another $40,000 at full retail in the two lines they were keeping.
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!