by Chuck Haug | Nov 16, 2024 | Business Failures, Consulting, Retirement Sale, Trends
Why Independent Furniture Stores Are Closing 1. Increased Competition • Online Retailers: E-commerce giants like Amazon and Wayfair offer a vast selection of furniture at competitive prices, often with free shipping, making it hard for small stores to compete. •...
by Chuck Haug | Sep 3, 2024 | Marketing, Retail Industry, Retirement Sale, Store Closing Sale, Uncategorized
When it comes to closing a store, the type of sale you choose can influence both the strategies you employ and the messaging you use. Below are the distinctions between common types of store closing sales, including retirement sales, going out of business sales,...
by Chuck Haug | Aug 19, 2024 | Advertising, Exterior Signage, Interior Signage, Marketing, Retirement Sale, Signage, Store Closing Sale, Uncategorized
Signs can be one of the most effective marketing tools you can use when conducting a Store Closing Sale. Exterior Signs: The use of professional looking signs used on the exterior of the store should shout that you are closing your store. They should “shout” that...
by Chuck Haug | Aug 12, 2024 | Advertising, Email Marketing, Marketing, Media, Retirement Sale
Email marketing is a highly effective tool for promoting a retirement store closing sale due to its direct, personal, and immediate nature. Here are several reasons why it is advantageous: 1. Direct Communication – **Targeted Messaging**: Emails go straight to...
by Chuck Haug | Aug 5, 2024 | Consulting, Retirement Sale, Store Closing Sale, Uncategorized
Financial Closure Determine the impact of the retirement store closing sale on financial obligations. The funds from the sale should ideally cover remaining debts, leases, and vendor payments. Professional financial advice may help in ensuring all loose ends are tied...
by Chuck Haug | Jul 30, 2024 | Advertising, Consulting, Email Marketing, Marketing, Store Closing Sale
Early Planning and CommunicationsPlanning should begin well in advance. Create a detailed timeline outlining when and how the sale will be promoted. Clear communication with suppliers, employees, and customers is crucial. Inform suppliers about discontinuing orders...
