This is the time of year that small independent retailers should be reviewing last years results and determine if there is an opportunity to improve their stores performance. Retailing continues to become more and more difficult. It takes almost a Herculean effort to just keep up. Maybe it’s time to consider a Store Closing Sale or Retirement Sale.
As you look back on 2017, you can recognize that lots of people made lots of money from your retail operation. For instance, consider:
•Your vendors
•Your landlords
•Your employees
•Your lenders
•Your IT, POS, and other technology providers
•Your insurance companies
•Your phone and internet services
•Your maintenance & cleaning services
•Your heating, air conditioning, lights, water, other utilities
•Your freight and shipping
•Etcetera. Etcetera. Etcetera
Each of these folks fared pretty well from your business, didn’t they?
But, who did not “make more money” from your retail business?
Sadly, that often is the business itself. Despite all the money that came into the business, too often very little of it actually sticks.
If that is true for you, now is the time to investigate if a store closing sale or retirement sale might make sense for you. Talk with a store closing consultant to find out if you should consider one. An experienced store closing expert can tell you:
• what kind of results to expect
• when the best time is to run your sale
• how long your sale should last
• what the cost of running the sale will be
Contact us today to see if a Store Closing Sale, Going Out of Business Sale or Retirement Sale makes sense this year for you.