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Store Closing Discount
One of the biggest mistakes that most retailers make when running a Store Closing Sale. Going Out of Business or Retirement Sale is to take too deep of store closing discount at the start of the sale. They end up losing valuable margin dollars. Many of...
Choose The Right Store Closing Consultant
Hiring the best store closing consultant is the difference between closing your business profitably or closing. The traditional “going out of business sale” can be a profitable undertaking with a carefully planned exit strategy. Also a hasty store closing...
Liquidation an Exit Strategy From Your Retail Business
For many small business owners, liquidating assets is often the best or perhaps only feasible method of exiting their businesses, especially retail businesses. The reasons for this are numerous: Your heirs may want nothing to do with a takeover or...
VIP Event Store Closing Sale
I always recommend that my clients offer their best customers a VIP Event Store Closing Sale. Therefore giving a time to shop first, before the start of their store closing sale, going out of business sale or retirement sale. These events can be called a...
When is the best time to conduct your store closing sale?
Posted on September 5, 2017 by Chuck Haug If your goal is to maximize your return on investment the last three months of the year is the best time to conduct your store closing sale, retirement sale, or going out of business sale. The fourth quarter...
Free Advertising For Store Closing Sale
For Free Advertising For Store Closing Sale a press release is a great tool in getting the word out about your store closing, retirement sale or going out of business sale. You should consider them free advertising. Below are 5 Rules for writing a press...
Major retailers store closing blow or blessing?
A major retailers store closing can be a blow or a blessing for small businesses. Especially when they are located near the shuttered merchants. Many shoppers will move to a smaller store when one of the big players shuts down. As more shoppers shift...
Best Color Combos For Store Closing Signs
Exterior store signage is one of the most effective tools that a retailer can use to communicate their STORE CLOSING SALE not only to their customers but to prospective customers also. Large, visible and concise signing will drive traffic to your store....
You Need A Good Customer List For Your Store Closing Sale!
Small retailers need to understand that their stores success is rooted in building long standing customer relationships. They should nurture their best customers by learning and remembering individual preferences and interests, acquiring this...
What’s Happening To The Independent Jewelry Store
In 1983 there were approximately 40,000 retail jewelry stores in the United States. Today that number is probably closer to 16,000. That number is expected to drop even more as the retail industry changes at the speed of light. The jewelry segment of...