Jan 22, 2020 | Business Failures, Consulting, Miscellaneous
Over 1900 retail stores will close in 2020. When large chains, with large staff like Pier One, Forever 21, Sears, Gap, and Chico’s hire professional retail consulting organizations to run their store closing sale, you have to wonder why so many small retailers...
Dec 10, 2019 | Business Failures, Retail Industry, Store Closing Sale, Trends
We are well into the Christmas selling season and you should have a pretty good idea how it’s going to turn out. If you’re like most retailers I’ve talked with this year continues to be a challenge and next year is still full of lots of unanswered questions. The...
Oct 28, 2017 | Business Failures, Trends
The year is quickly slipping by us and to plan store closing sale seems too far way. Times have never been tougher for the small retailer. For most, sales are down, customers are buying less, everyone wants a discount and expenses keep growing. Now is the time for you...
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....
Sep 5, 2017 | Business Failures, Retail Industry
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 online, stores...
Aug 11, 2017 | Business Failures, Store Closing Sale, Trends
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 retail is one of...
