There isn’t a week that goes by that there isn’t a new Store Closing Sale starting somewhere in each major market. The shear number of retail stores that will close in 2017 almost boggles the mind. According to some retail industry experts the number could be as high as 10,000.
With that many retailers going out of business, one has to ask if running a Store Closing Sale is still an effective way to exit a retail business. The answer is a definite – “Yes” – but it must be well-planned and well-marketed.
A well-planned and implemented new Store Closing Sale will still result in sales equal to 110% – 125% of the value of your inventory, plus the local market value of your fixtures and equipment.
You will not get the results you need if you just put up some signs and run an ad in the local newspaper.
Have A Store Closing Sale Plan that:
• sets a defined time frame for the sale
• provides a pricing strategy to maximizes your margins
• uses the most effective marketing tools
• creates the “sales environment”
• keeps your customers involved with the sale
• also sells your store fixtures, displays & equipment
Many retailers are hesitant to seek the expert help they need to maximize their return on the money, time, and emotions that they have invested in building their retail business.
If you are planning on conducting a new Store Closing Sale, use a retail store- closing consultant to help you. Make sure that you talk to more than one consultant. Choose the consultant that you feel most comfortable with. Using the right store-closing expert to help you will really not cost you – it will make money for you.
You only close your store once. Do it right and you maximize your return. Make one mistake and it can cost you big bucks.
A Well-planned Store Closing Sale
is still the best means to exit your retail business even when faced with what seems to be an never ending number of Store Closing Sale in most markets. BUT YOU HAVE TO DO IT RIGHT.
Call Chuck today for your free consultation 520-305-9693!
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