Liquidating a retail store
Liquidation sales can offer great deals to consumers hunting for a bargain, but be careful.Indianapolis-based consumer electronics retailer HHGregg last week became the latest chain to announce a giant liquidation sale.If you are a 7-day print subscriber, unlimited digital access is included in your subscription and you simply need to set up an online account.If you need help, please contact our office at 1-844-311-9811 or email [email protected] Friday that it will liquidate all merchandise and inventory and close all stores by the end of May 2017.In the 8K filing, the women's clothing and accessories retailer said it would also sell certain furnishings, fixtures and equipment.
Our accumulated experience is unmatched, and our knowledge of how to manage the most cost effective and productive going out of business, store closing, and high-impact business building sales comes from experience.
Whether store owners are looking to build their business, or are looking to close and walk away with a profit, Wingate Sales Solutions has the sale plan, the experience and the expert sale consultants to make it happen profitably and ethically.
Because we get the best results for our clients, America’s most prestigious and successful independent retailers rely on us for their successful store closing and high-impact sale events.
A business could liquidate most or all of its inventory as part of a move to a new location, thereby saving money on having to transport all of it to a new storefront.
The biggest downside of inventory liquidation is that, in many cases, the timetable for liquidating assets is short, so the discounts are steep and the cash earned is much lower than the retail value.