by Chuck Haug | 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...
by Chuck Haug | 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...
by Chuck Haug | Jul 13, 2017 | Business Failures, Retail Industry, Store Closing Sale, Trends
The doom and gloom of the retail industry continues as store closings tripled this year. Below is an article by Chris Isidore that ran in CNNMoney. “Stores are closing at alarming rate. The number so far this year is triple what it was in the same period last year,...
by Chuck Haug | Jul 7, 2017 | Business Failures, Retail Industry, Trends
Losing Your Business There’s an old story about losing your business in the advertising business. It is about a man who ran a hot dog stand. He did really well selling his hot dogs. One day, a customer mentioned, while adding mustard to his hot dog, that he felt...
by Chuck Haug | Jun 30, 2017 | Business Failures, Miscellaneous, Retail Industry, Trends
Do you have a retail business vs hobby situation? 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. According to all the “experts” things really aren’t going...
by Chuck Haug | May 3, 2017 | Business Failures, Retail Industry, Store Closing Sale, Trends
Often Retailers Financial Problems will cause a drain on cash flow. Your business debt must be reduced, eliminated or restructured. This will make your business more manageable therefore reduce drain on cash flow. Every business, large and small, can run into...
