by Chuck Haug | Sep 21, 2018 | Trends
There is a trend developing in the small retailer community. As business continues to get tougher and customer foot traffic declines, many small retailers are choosing to run a Store Closing Sale.But wait… they’re not going out of business. They are simply changing...
by Chuck Haug | Dec 8, 2017 | Miscellaneous, Store Closing Sale, Trends
One of the first questions a store owner that is considering a store closing sale ask is, “What about my retail store lease”. I’ve talked with hundreds of small retailers over the last two years that are experiencing very difficult times. This has caused many of them...
by Chuck Haug | 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...
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 | 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,...
