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 | Feb 1, 2018 | Discounts & Markdowns, DIY- Do It Yourself
Not every retailer needs to hire a professional store closing consultant to be on site during their Store Closing Sale. With a solid plan and an available source of good advice many small to medium size retailers can conduct their own Store Closing or Going Out of...
by Chuck Haug | Oct 23, 2017 | Advertising, Discounts & Markdowns, Marketing, Signage
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 your better...
by Chuck Haug | Oct 10, 2017 | Business Failures, Consulting, Discounts & Markdowns, Retirement Sale, Store Closing Sale, Trends
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 succession plan....
by Chuck Haug | Jun 1, 2017 | Consulting, Discounts & Markdowns, Store Closing Sale
“All Sales are Final” is a common and expected practice when it comes to a Business Liquidation Sale, Store Closing or Going Out of Business Sales. But yet there are always those customers that think they the exception. You need to address these customers and explain...
