by Chuck Haug | Jul 8, 2024 | Uncategorized
Store Closing Sale As A Exit Strategy In the dynamic world of retail, where trends shift, and economic landscapes change, the idea of closing a store can seem daunting. However, when executed strategically, a store closing sale or retirement sale can serve as a...
by Chuck Haug | Jul 4, 2024 | Advertising, Consulting, Discounts & Markdowns, Email Marketing, Marketing, Retirement Sale, Store Closing Sale
In a customer's mind, the perception of an inventory reduction sale versus a liquidation sale can vary significantly: Inventory Reduction Sale: Perceived as a strategic move by the retailer to clear out excess stock. Customers may interpret it as a chance to get good...
by Chuck Haug | Jul 1, 2024 | Consulting, Merchandise Pricing, Retail Industry, Store Closing Sale
For many retailers, the fourth quarter presents the optimal opportunity to close their stores. While this may initially seem counterintuitive due to the peak holiday sales period, it actually maximizes the effectiveness of a store closing sale for several reasons:...
by Chuck Haug | Jun 26, 2024 | Uncategorized
Exiting an independent retail business can be a significant decision, and there are several ways to approach it depending on your goals and circumstances. Here are some common methods to consider: Sell the Business: Direct Sale: Find a buyer interested in purchasing...
by Chuck Haug | Jun 24, 2024 | Consulting, Retirement Sale, Store Closing Sale, Uncategorized
Did you know that there is life after retail? The over 300 clients that I have helped close their retail store do and they are enjoying every minute of it. When the time is right a Retirement Sale or Store Closing Sale proves to be the best way for most small...
